Pursuant to Regulation 30 of SEBI (LODR) Regulations, we wish to inform that the Company has completed its preferential issue and deployed the proceeds raised from the preferential issue ....
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Jetking Infotrain has completed a preferential issue, allotting 3,96,156 equity shares at Rs. 154 per share (face value Rs. 10), raising a total of Rs. 6.10 crore. The shares were issued at a premium of Rs. 144 per share. The company used the entire proceeds to buy Bitcoin (virtual digital assets), as approved by shareholders. As of May 28, 2025, the company holds 21 Bitcoins, acquired at an average price of Rs. 64.65 lakhs per Bitcoin, up from 15.02 Bitcoins held on March 31, 2025.
Existing shareholders face equity dilution from the new share issuance, though the premium pricing means the company raised capital above face value. The deployment of nearly all proceeds into Bitcoin is a high-risk, speculative move that exposes shareholders to cryptocurrency volatility, and any future Bitcoin price swings will directly impact the company's balance sheet and stock price.