Pursuant to Regulation 30 of the SEBI (LODR), 2015, we wish to inform that the Board of Directors of the Company at its meeting held today i.e. Thursday, 14th August, 2025 have approved ....
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Jagatjit Industries Ltd's Board of Directors, at a meeting held on 14th August 2025, approved raising funds of up to Rs. 350 Crores through a Qualified Institutional Placement (QIP) of equity shares (face value Rs. 10 each), to be issued in one or more tranches. The issue price will include a premium over face value, as permissible under applicable law. A QIP Committee has been constituted to handle the fundraise process. The proposal will be placed before shareholders for approval at the 80th Annual General Meeting scheduled for 26th September 2025.
If approved, the QIP will dilute existing shareholders but strengthen the company's balance sheet by adding up to Rs. 350 Crores in fresh equity capital. The actual impact on share price will depend on the issue price relative to market price and the timing of the tranches.