Board approves 4.26 crore warrants preferential issue at Rs 18 each
JETFREIGHT · price
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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.4 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jet Freight Logistics board approved issuing up to 4,26,32,750 convertible warrants at Rs 18 each on preferential basis to 84 investors. Total issue size about Rs 76.74 crores. Three promoter group members (Tyra, Tyrus and Thea Theknath) will each hold 8.33 percent post-issue. Warrants convertible to equity within 18 months. EGM scheduled for Feb 20, 2026.
Significant dilution: share count nearly doubles to 8.90 crore on diluted basis. Promoter group adds about 25 percent combined new stake post-issue.