Jana Small Finance Bank Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on Jun 11, 2026
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Jana Small Finance Bank has called an EGM on June 11, 2026, seeking shareholder approval for three special resolutions. First, an amendment to Articles of Association to permit warrant issuances. Second, a preferential issue of warrants to 6 investors (Capri Global Ventures, 2i Capital PCC, ICM Finance, GWC Family Fund, Singularity Large Value Fund, and Utpal Hemendra Sheth) aggregating up to INR 728.5 crore (~12.95% dilution on fully diluted basis), priced at INR 464.82 per warrant, with 25% payable upfront and 75% on exercise within 18 months. Third, authority to raise up to INR 500 crore via debt securities (bonds, NCDs, AT-1/Tier II bonds) on private placement. Voting runs June 8-10, 2026.
The warrant issuance will dilute existing shareholders by ~13% if fully exercised, while bringing in significant capital. The INR 728.5 crore raise strengthens the bank's capital base and supports growth in its small finance banking operations.