Disclosure under Regulation 30 of SEBI Listing Regulations, 2015 - Acquisition of additional share capital in JK Defence & Aerospace Limited, Wholly Owned Subsidiary of the Company
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Jaykay Enterprises Ltd has invested Rs. 13 crore to acquire 13,00,000 additional preference shares of face value Rs. 100 each in its wholly owned subsidiary, JK Defence & Aerospace Ltd, through a Rights Issue on May 19, 2025. The consideration was paid in cash. The purpose of this infusion is to enable JK Defence to pay the first call money on partly paid-up equity shares of Allen Reinforced Plastics Pvt Ltd, a step-down subsidiary, thereby increasing JKE's indirect shareholding in Allen. JK Defence & Aerospace is incorporated in July 2023, belongs to the Defence and Aerospace sector, and is yet to commence operations with nil turnover. JK Defence continues to remain a 100% wholly owned subsidiary of JKE, with no change in ultimate shareholding.
This is an internal capital infusion into a wholly owned subsidiary rather than a third-party deal, so there is no direct impact on JKE's shareholder base or immediate stock price. It signals JKE's continued strategic push into the defence and aerospace segment through its subsidiary chain, though the subsidiary has not yet started generating revenue.