Notice of Postal Ballot dated 12th May, 2026 along with Explanatory statement
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jattashankar Industries Ltd is seeking shareholder approval via postal ballot for two resolutions: (1) increasing authorised share capital from Rs. 10.5 crore to Rs. 13.1 crore by creating 26 lakh additional equity shares of Rs. 10 each, and (2) issuing up to 86.95 lakh convertible warrants on a preferential basis at Rs. 92 per warrant (including Rs. 82 premium), aggregating Rs. 79.99 crore. The warrant issue price was determined based on a valuation report from M/s. Procurve Valux Private Limited. 25% of the issue price is payable on allotment and 75% on conversion. Warrants can be converted into equity shares within 18 months from allotment. Allottees include 4 Promoter group entities (Alantis Comtrade LLP, Alantis Exim LLP, Alantis Globe LLP, OTP Advisory LLP) and 54 public allottees. Voting period runs from 13th May 2026 to 11th June 2026.
The warrant issue will dilute existing shareholders as up to 86.95 lakh new equity shares may be issued upon conversion. The Rs. 80 crore capital raise appears intended to fund business growth or operations. Shareholders should carefully evaluate the dilution impact before voting.