Announced Wed, 29 Apr · 13:40 IST
EGM on May 21 for ~Rs 200 cr warrant issue to promoter-group firm
Board & Shareholder Meetings View source PDF
JAYNECOIND · price
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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹110.96
prior close
₹110.55
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.1+0.1-0.3+0.4+4.0+1.9+2.1+4.0+0.0-4.7-8.3-23.6—
Up moveDown movePending
AI summary
Jayaswal Neco has called an EGM on May 21, 2026 (via VC) for shareholder approval on: (1) amending Articles of Association to enable warrant issuance, and (2) issuing 2,24,39,134 warrants at Rs 89.13 each (totalling ~Rs 200 crore) on a preferential basis to promoter-group firm M/s Vibrant Enterprises. Each warrant converts to 1 equity share; 25% upfront, 75% on conversion within 18 months. E-voting: May 18-20, 2026.
Likely market impact
Preferential warrant issue to promoter-group firm may lead to equity dilution; outcome depends on shareholder vote at May 21 EGM.