Promoters allotted 2.22 crore warrants, stake to rise to 54.70%
JETFREIGHT · price
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On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and in line with 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 has allotted 2,22,40,000 warrants to promoter group members Tyra, Thea, and Tyrus Theknath on a preferential basis at Rs. 18 per warrant. Each warrant is convertible into one equity share of Rs. 5 face value within 18 months. The allotment was approved on June 5, 2026. Promoter group holding stands at 50.92% currently and will rise to 54.70% on a fully diluted basis once all warrants are converted. Total issue size is about Rs. 40 crore.
Signals promoter confidence in the company, but will dilute minority shareholders by about 3.78% once warrants convert into shares.