Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jetmall Spices and Masala has issued a Postal Ballot Notice to shareholders seeking approval for three key resolutions. The first resolution seeks to raise the authorised share capital from Rs. 6 crore (60 lakh equity shares of Rs. 10 each) to Rs. 22 crore (2.20 crore equity shares of Rs. 10 each). The second resolution proposes a preferential issue of up to 1,52,82,000 convertible warrants at Rs. 23 per warrant to Bridge India Fund (a non-promoter entity), aggregating to about Rs. 35.15 crore (equivalent to USD 4 million at RBI's reference rate). The third resolution seeks shareholder approval to raise the Section 186 limit for loans, investments, guarantees and securities to Rs. 1,000 crore. E-voting runs from September 2, 2025 to October 1, 2025, with results expected on or before October 3, 2025.
If approved, the warrants could lead to significant equity dilution — over 1.52 crore new shares could be issued at a floor price of Rs. 22.52 per share. The fundraise is earmarked for making strategic financial investments in startups and early-stage companies, suggesting the company is pivoting towards an investment/investment-holding role. Shareholders should watch for the voting outcome around October 3, 2025, as successful approval will expand the company's investment bandwidth considerably.