We hereby inform you that the meeting of the Board of Directors of the Company held today, i.e., Tuesday, 12th May, 2026, at the registered office of the Company, which commenced at 12:00 ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jattashankar Industries Ltd's Board approved three key items in its May 12, 2026 meeting. First, the authorised share capital will increase from Rs. 10.5 crore to Rs. 13.1 crore by adding 26 lakh new equity shares of Rs. 10 each, subject to shareholder approval via postal ballot. Second, the company plans to raise up to Rs. 80 crore by issuing 86,95,000 convertible warrants at Rs. 92 per warrant (including Rs. 82 premium), on a preferential basis to both promoter and non-promoter investors. Each warrant is convertible into one equity share within 18 months, with 25% payable upfront and 75% on conversion. Third, the company will seek shareholder approval through a postal ballot with e-voting from May 13 to June 11, 2026. The post-allotment shareholding reveals these warrant holders will collectively own 66.46% of the company.
The preferential issuance will significantly dilute existing shareholders, with new investors acquiring a dominant 66.46% stake. The large warrant base and capital increase signal potential expansion plans, but the heavy dilution may pressure the stock price in the short term.