Please find attached notice of EGM
JSFB · price
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Jana Small Finance Bank has called an EGM on 11th June 2026 to seek shareholder approval for three special resolutions. First, the bank wants to amend its Articles of Association to allow issuance of warrants and convertible securities. Second, the bank plans to issue up to 1.56 crore warrants to six investors (Capri Global Ventures, 2i Capital PCC, ICM Finance, GWC Family Fund, Singularity Large Value Fund, and Utpal Hemendra Sheth) at INR 464.82 per warrant, totaling approximately INR 728.5 crore. This represents 12.95% dilution on fully diluted basis, with 25% payable upfront and balance on exercise within 18 months. Third, the bank seeks approval to raise up to INR 500 crore via debt securities including bonds, ESG bonds, NCDs, and Tier capital instruments on private placement basis. E-voting runs from 8th to 10th June 2026.
The preferential warrant issue will bring significant fresh capital and introduce new institutional investors, causing share dilution. The debt securities programme gives the bank flexibility to raise funds efficiently. Both resolutions require special resolution approval and RBI clearance.