The Board of Directors in it''s meeting held today i.e. July 21, 2025 has approved raising of funds by issuing and allotting the equity shares on Preferential Basis to the member of the ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts more than Nifty Microcap 250 and 2.7 pts more than its Other Consumer Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Jetking Infotrain's board, meeting on July 21, 2025, approved raising up to Rs. 11.50 crore by issuing 4,60,000 equity shares on a preferential basis to non-promoter investors at Rs. 250 per share (face value Rs. 10, premium Rs. 240). The largest allottees are Mr. Nitish Mittersain and M/s Choksi Capital, each getting 1,60,000 shares, with the rest spread across 8 other non-promoter investors. The board also approved the re-appointment of Mr. Avinash Bharwani as Chairman & Whole-time Director for 3 years (Aug 11, 2025 to Aug 10, 2028), subject to shareholder approval. Mr. Bharwani is a relative of the existing MD & CEO and Joint MD & CFO.
The preferential issue will dilute existing shareholders, but the strong premium of Rs. 240 over face value suggests confidence in the stock's fair value. The re-appointment of the promoter-family Chairman provides leadership continuity but is a related-party decision requiring shareholder approval.