PFA letter for outcome of proposed right issue
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The Board of Directors of Jainex Aamcol Ltd, at its meeting on November 14, 2025, approved the terms of a proposed rights issue of up to 7,48,169 fully paid-up equity shares of face value Rs. 10 each, aggregating up to Rs. 9.98 crores (approximately Rs. 10 crores). The rights issue price is set at Rs. 120 per share, including a premium of Rs. 110 per share. The rights entitlement ratio is 1:2, meaning shareholders can subscribe to 1 rights equity share for every 2 shares held on the record date of November 20, 2025. The rights issue opens on December 01, 2025, and closes on December 09, 2025. Post-issue, the total outstanding shares would increase from 14,96,338 to 22,44,507 (assuming full subscription), nearly a 50% increase in equity base.
Existing shareholders will need to decide whether to subscribe to their entitlement by December 9, 2025; non-participation will result in dilution of their stake by approximately 33%. The issue price of Rs. 120 per share represents a significant premium over the face value of Rs. 10, and shareholders should assess the pricing relative to current market price before deciding to participate.