Board approves preferential warrants worth about 76.74 crore rupees
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 on Jan 20, 2026 approved issuing up to 4,26,32,750 convertible warrants at 18 rupees each on a preferential basis, totaling about 76.74 crore rupees. Each warrant converts into one equity share of 5 rupees face value, going to 84 investors including promoter group members Tyra, Tyrus, and Thea Theknath (about 8.33 percent each post-issue). EGM scheduled for Feb 20, 2026. Tenure 18 months. Post-issue share count nearly doubles to 8.90 crore shares.
Equity dilution: share count nearly doubles. Promoter group adds about 25 percent holding. Subject to EGM and SEBI approvals.