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Corporate Action4 Nov 2026, 06:20 pm

Jetking Infotrain Withdraws Preferential Issue Plan

AI Summary

Jetking Infotrain Ltd announced that its Board of Directors, in a meeting held on November 04, 2026, has decided not to proceed with the proposed preferential issue of up to 4,60,000 Equity Shares at an issue price of ₹250 per share, aggregating to ₹11,50,00,000. This decision was attributed to prevailing market conditions. Consequently, the company will withdraw its application for in-principle approval from BSE Limited. The preferential issue had previously received approval from the company's members via postal ballot on August 20, 2025.

Key Highlights

  • Board decided to withdraw the proposed preferential issue.
  • Fundraising plan of ₹11.50 Crore has been cancelled.
  • Decision attributed to prevailing market conditions.
  • Application to BSE for listing approval will be withdrawn.