Pursuant to Regulation 30 of the SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, it is hereby disclosed that the Company has preferred an appeal against BSE Ltd in ....
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Jetking Infotrain has filed an appeal before the Securities Appellate Tribunal (SAT) against BSE Ltd. BSE had returned (rejected) the company's listing application for a preferential allotment of equity shares via a letter dated September 23, 2025. BSE cited that the company's investments in Virtual Digital Assets (VDAs) are speculative and that policy on VDAs is still under consideration. Jetking has pointed out that BSE had earlier granted in-principle approval on May 9, 2025, and only retracted after the company had already raised funds and invested in VDAs. The company says there are no financial implications or claims involved at this stage.
Shareholders should note that the company's preferential share allotment plan is currently stuck due to the dispute with BSE, which could delay fundraising and capital expansion plans. The outcome of the SAT appeal will determine whether Jetking can proceed with the planned equity issuance.