Jain Irrigation Systems Limited has informed the Exchange about Allotment of 1,63,21,607 Ordinary Equity Shares to Stock and Securities India Pvt Ltd (Promoter Entity) at Rs. 46.64/- per share.
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Jain Irrigation Systems has allotted 1,63,21,607 ordinary equity shares to Stock and Securities India Private Limited, a promoter group entity, at Rs. 46.64 per share, raising around Rs. 76.12 crore. The allotment was made by the company's Sub Committee on May 22, 2025, after the promoter entity paid the remaining 75% balance amount and submitted the conversion option exercise letter, indicating these shares were issued on conversion of previously issued warrants. The shares have been allotted in demat form with distinctive numbers running from 698288385 to 714609991.
This is a positive development for shareholders as the promoter group is infusing additional equity capital into the company, demonstrating continued promoter confidence. The warrant conversion also strengthens the company's equity base without any dilution from external sources.