Corporate Action17 Jun 2026, 12:06 pm
Jattashankar Industries gets in-principle approval for 81.55 Lakh Warrants
AI Summary
Jattashankar Industries Ltd has received in-principle approval from BSE Limited for the preferential issue of 81,55,000 convertible warrants. These warrants are convertible into equity shares of the company at a price not less than Rs. 92/- each. The approval is subject to the company complying with all relevant regulations, including obtaining necessary undertakings from allottees regarding trading restrictions. The company must also ensure strengthened internal controls before allotment and complete post-issue listing formalities within twenty days of allotment.
Key Highlights
- BSE grants in-principle approval for preferential issue of 8.155 million warrants.
- Warrants are convertible into equity shares at a minimum price of Rs. 92.
- Company must comply with SEBI ICDR and LODR regulations.
- Allottees to provide undertaking against intra-day trading.
- Post-allotment listing application required within 20 days.
Price Impact
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