Board approves allotment of 16 lakh convertible warrants at Rs 92 each

Board & Shareholder Meetings View source PDF

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AI summary

Jattashankar Industries board on 26 June 2026 approved allotment of 16,00,000 convertible warrants on preferential basis at Rs 92 per warrant (face value Rs 10, premium Rs 82). Total potential raise up to Rs 14.72 crore. Allottees include 2 promoter group LLPs (3 lakh warrants) and 10 non-promoter allottees (13 lakh warrants). 25 percent upfront amount of Rs 3.68 crore received, balance 75 percent due on conversion within 18 months.

Likely market impact

Potential dilution of 16 lakh shares on conversion; promoter group participation signals confidence; up to Rs 14.72 crore possible equity inflow.