Jet Freight Logistics Limited has informed the Exchange about General Updates
JETFREIGHT · price
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Jet Freight Logistics Limited held an Extra Ordinary General Meeting on February 20, 2026, via video conferencing, which commenced at 11:36 a.m. and concluded at 12:00 p.m. The only item of business was a Special Resolution for the issuance of up to 4,04,57,750 warrants convertible into equity shares to persons belonging to the Promoter Group and Non-Promoter category on a preferential basis. Total shareholders on record date were 21,262, of whom 58 attended through video conferencing (6 Promoters and 52 from Public). The resolution was passed with 100% approval — 49 members voted in favour with 2,42,74,490 valid votes and zero votes against. Promoter group polled all 23,626,452 of their shares in favour, while public non-institutions turned out 6,48,038 votes (2.85% of their holdings), all in favour.
Shareholders have approved a sizeable preferential issue of warrants (up to ~4.05 crore) to the promoter group and non-promoters, which signals a significant potential capital raise and equity dilution once warrants are converted. The unanimous approval and 100% promoter backing suggest strong insider confidence, though retail shareholders should monitor the conversion terms and pricing for dilution impact.