PFA letter of offer pursuant to proposed Right issue of Equity shares.
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Jainex Aamcol Limited (BSE listed) is launching a rights issue of up to 7,48,169 fully paid-up equity shares of face value ₹10 each at a price of ₹120 per share (including a premium of ₹110 per share), aggregating up to ₹897.80 lakhs assuming full subscription. Eligible shareholders can subscribe in the ratio of 1 rights share for every 2 equity shares held on the record date, which is Thursday, November 20, 2025. The issue opens on December 1, 2025 and closes on December 9, 2025. Promoter Bhagat Singh Dugar is named as the promoter of the company. The proceeds will be used as per objects disclosed in the letter of offer, with allotment expected around December 11, 2025 and listing on BSE around December 15, 2025.
Eligible shareholders must own shares by the November 20, 2025 record date to receive rights entitlements at 1 share for every 2 held. The ₹120 issue price represents a significant premium over the ₹10 face value, which may or may not be attractive depending on prevailing market price. Shareholders who do not participate may see their effective stake diluted by roughly 50% if the issue is fully subscribed.