Jay Kailash Namkeen Approves Preferential Issue of 33.74 Lakh Shares

Jay Kailash Namkeen Limited's Board of Directors has approved the preferential issuance of up to 33,74,375 equity shares at ₹45.19 per share, aggregating ₹15.25 Crores. This issuance is for consideration other than cash, involving a share swap for 8,000 equity shares of Vayuveer Solutions Private Limited. The transaction is expected to make Vayuveer Solutions Private Limited a subsidiary of Jay Kailash Namkeen. The company also approved an increase in its authorized share capital from ₹5 Crores to ₹10 Crores.