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Awaiting price reaction for this filing.
The Board of Jeevan Scientific Technology (Scrip Code: 538837) approved multiple capital-raising measures at its meeting on 15 October 2025. It adopted a new Memorandum of Association and proposed increasing the Authorised Share Capital from Rs. 21 crore to Rs. 25 crore (adding 40 lakh equity shares of Rs. 10 each). It also approved a preferential issue of up to 35 lakh Convertible Warrants at Rs. 40 each to 4 promoter group entities and 1 non-promoter (Decibels Properties), convertible into equity within 18 months. Additionally, up to 41.85 lakh equity shares will be issued to 24 non-promoter investors at Rs. 40 per share on a preferential basis. Post full conversion/allotment, promoter holding will stand at 38.37% and public at 61.63% of expanded capital. An Extra-Ordinary General Meeting has been scheduled for 12 November 2025 to seek shareholder approval. Board committees were also reconstituted.
Existing shareholders will face meaningful dilution if all warrants convert and shares are allotted — the float expands by roughly 76.85 lakh shares (warrants + equity). Promoters' stake reduces to 38.37%, though they retain the largest block. The fund raise at Rs. 40 per share could be price-sensitive; shareholders should review the preferential issue pricing and rationale before the 12 November EGM.