Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the disclosure for the release of Status of Associate Company ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jetking Infotrain has informed the stock exchange that its associate company, Jetking Technologies Private Limited (JTPL), recently allotted new securities, which diluted Jetking Infotrain's shareholding in JTPL below the 20% threshold. As a result, Jetking Infotrain has lost significant influence over JTPL, and JTPL no longer qualifies as an associate company. JTPL contributed about 15% of Jetking Infotrain's revenue in recent years (FY2024 turnover of INR 284.75 lakhs, contributing 15.05% to consolidated revenue). The change was triggered by a securities allotment within JTPL and not by any sale by Jetking Infotrain.
JTPL contributed roughly 15% of the company's revenue, so losing associate status means that segment's earnings will move out of consolidation scope going forward. For shareholders, this is a structural change to the company's reported financials rather than a cash event, and the stock could see modest re-rating as the revenue base appears smaller on paper.