To Authorise CS Daksha Agarwal to represent the company before any regulatory bodies in connection with the issue and allotment of warrants.
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Awaiting price reaction for this filing.
The board of Jetmall Spices and Masala Ltd, at its meeting on October 10, 2025, approved the authorization of Company Secretary Daksha Agarwal to represent the company before regulators such as BSE, SEBI, and ROC. This authorization is specifically for matters connected with the issue and allotment of 1,52,82,000 (approximately 1.53 crore) Convertible Equity Warrants. The meeting lasted only 15 minutes, from 2:00 p.m. to 2:15 p.m. The filing itself is procedural and does not disclose pricing, conversion ratio, or identity of allottees for the warrants.
This is a procedural filing rather than a substantive announcement — it only confirms that the company is moving forward with a warrant issue of about 1.53 crore warrants. The lack of pricing or allotment details means investors should wait for further disclosures to assess dilution and potential cash inflow. Shareholders may see future dilution once these warrants are converted into equity shares.