Further to our letter dated 11th April, 2025 regarding the intimation of the reschedule of the meeting of the Board of Directors of the Company, in accordance with the provisions of Regulation 30 ....
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Jainex Aamcol Limited's Board of Directors, at its meeting held on April 17, 2025, approved raising funds of up to Rs. 9,00,00,000 (Nine crores) through a Rights Issue of equity shares having a face value of Rs. 10 each. The shares will be offered to eligible existing equity shareholders as on a record date, which will be notified separately. The specific terms of the issue, including price, ratio and timeline, will be decided later by the Board or a duly constituted committee. The fundraising is subject to necessary statutory and regulatory approvals, including under the Companies Act, 2013 and SEBI ICDR Regulations, 2018.
Existing shareholders will get a pro-rata opportunity to subscribe to additional shares, but those who do not participate may see their holding get diluted. The stock could witness some near-term price adjustment depending on the issue price and terms decided later.