Approval for the allotment of equity shares on preferential basis to the allotees both promoter and non-promoter in board meeting held today i.e. March 31, 2025 details as enclosed.
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On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.9 pts less than its Other Consumer Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jetking Infotrain's board approved allotment of 3,96,156 equity shares at Rs 154 per share (including Rs 144 premium over Rs 10 face value) on a preferential basis, raising Rs 6.10 crore from promoter and non-promoter allottees. The board also approved audited FY25 results, reporting a net profit of Rs 342.69 lakh versus a loss of Rs 309.26 lakh in FY24, with revenue from operations up ~15% YoY to Rs 21.78 crore. However, Q4 FY25 alone posted a loss of Rs 129.85 lakh, indicating weak quarterly performance. Use of proceeds is earmarked as 15% for training/skill development, 60% for acquisition of virtual digital assets (crypto), and 25% for general corporate purposes. The company also restated financials to reclassify crypto holdings as intangible assets under Ind AS 38.
Existing shareholders face dilution from the preferential issue, with a large portion of fresh capital directed toward speculative crypto acquisitions rather than core IT training business. The Q4 FY25 loss despite full-year profitability and heavy crypto exposure may weigh on investor sentiment.