Announced Wed, 20 May · 17:52 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Just Right Life Ltd

Promoter Stake BuyOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-3.6%1-day move

₹35.50

prior close

₹35.50

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+1.3+0.6+0.4-0.2-3.6-2.6-4.5-10.6-15.0-17.5-21.0-34.2-38.4—

Up moveDown movePending

AI summary

Just Right Life Ltd, a promoter group entity of Eraaya Lifespaces Ltd, has converted 76 lakh warrants into an equal number of equity shares at ₹81 per share (including ₹80 premium). The conversion took place on April 23, 28 and 29, 2026. Before this conversion, Just Right Life held 74 lakh shares (3.58% voting rights). After conversion, their holding doubled to 1.50 crore shares representing 7.00% of voting rights and 4.46% of diluted share capital. The total share capital increased from ₹206.69 crore to ₹214.29 crore post-allotment.

Likely market impact

The promoter group's stake has doubled in percentage terms, signalling increased confidence from the promoter entity. The large warrant conversion at ₹81 per share, which is likely above the current market price, indicates promoter commitment to the company. The lock-in requirements on these shares may limit immediate selling pressure.