Intimation pursuant to Regulation 30 of SEBI Listing Regulations, 2015 - Postal Ballot Notice
JAYKAY · price
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Jaykay Enterprises has issued a Postal Ballot Notice dated April 15, 2025 seeking shareholder approval via e-voting (April 16 to May 15, 2025) for three special resolutions. The first and key one involves issuing up to 79,19,683 equity shares at Rs. 142 per share (total ~Rs. 112.46 crore) on a preferential basis to shareholders of JK Technosoft Limited (JKTL) as consideration for acquiring up to 1,24,07,276 partly paid-up equity shares (face value Rs. 10, paid-up Rs. 2.50) of JKTL — essentially a share-swap acquisition. Allottees include promoter Abhishek Singhania (~78.8 lakh shares) and promoter group/non-promoter members. The second and third resolutions seek approval for the new 'JKE Employee Stock Option Scheme 2025' covering up to 30 lakh stock options for employees of the company and its group/subsidiary/associate companies. E-voting is being conducted through CDSL, with CS Varuna Mittal appointed as scrutinizer.
The share swap will dilute existing shareholders but brings JK Technosoft shareholders (including promoters) onto the cap table, signaling a consolidation move in the JK group; the ESOP scheme will further dilute equity but helps align employee incentives. Existing shareholders should evaluate the strategic rationale and pricing of the JKTL acquisition before voting, as the preferential issue price of Rs. 142 will become the reference for future dealings.