Board approves allotment of 14.25 lakh convertible warrants at Rs 92 each

Board & Shareholder Meetings View source PDF

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AI summary

Jattashankar Industries Board on 24 June 2026 approved allotment of 14,25,000 convertible warrants on a preferential basis to non-promoter allottees at Rs 92 per warrant (including Rs 82 premium over Rs 10 face value). Each warrant converts into 1 equity share within 18 months. The company received Rs 3.28 crore as 25% upfront, with the remaining 75% due before conversion. Total potential issue size is about Rs 13.11 crore. Allottees include 5 individuals/HUF and Finvention Finvest Pvt Ltd.

Likely market impact

Dilutive preferential issue; warrants may convert into new shares within 18 months, increasing equity base. Signals capital infusion from non-promoters.