Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform you that, the ....
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The Board of Directors of Jetking Infotrain Ltd met on 21st July 2025 and approved two key items. First, it re-appointed Mr. Avinash Bharwani (DIN: 00981105) as Chairman & Whole-time Director for a 3-year term from 11th August 2025 to 10th August 2028, subject to shareholder approval. Mr. Bharwani has 21 years of experience across IT, Skill Development, and F&B sectors, and is related to the Managing Director and Joint Managing Director. Second, the Board approved a preferential allotment of up to 4,60,000 equity shares at Rs. 250 per share (face value Rs. 10, premium Rs. 240) to identified non-promoters, raising up to Rs. 11.50 crores. Major allottees include Mr. Nitish Mittersain (1,60,000 shares), Choksi Capital (1,60,000 shares), and SSJ Trading LLP (40,000 shares), with several smaller individual investors. Post-allotment, Nitish Mittersain's holding will rise to 2.44% and Choksi Capital will hold 2.37%.
Shareholders will see modest equity dilution from the preferential issue, but the Rs. 240 per share premium signals the company is valued at Rs. 250 by incoming investors — well above face value. The fundraise strengthens the balance sheet without touching promoter shareholding. The re-appointment of the Chairman provides leadership continuity, though the upcoming shareholder vote is the next key event to watch.