Corporate Governance28 Oct 2026, 03:16 pm
Jet Freight Logistics: No Deviation in Warrant Proceeds Use for Q2 FY27
AI Summary
Jet Freight Logistics Ltd has confirmed no deviation or variation in the utilization of funds raised through the allotment of equity shares via warrant conversion. This statement pertains to the quarter ended September 30, 2026, and was made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Audit Committee reviewed and found no issues with the fund utilization, which was for the objects stated in the Extra-Ordinary General Meeting notice. The company raised approximately ₹6.10 Crores through this warrant conversion.
Key Highlights
- No deviation in fund utilization from warrant conversion for Q2 FY27.
- Statement filed as per SEBI Listing Regulations.
- Audit Committee reviewed and approved the utilization.
- Funds raised were for stated EGM objectives.
- Approximately ₹6.10 Crores raised via warrant conversion.
Price Impact
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