Jhandewalas Foods Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/12/2025 ,inter alia, to consider and approve Pursuant to Regulation 29(1) ....
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Jhandewalas Foods Ltd has informed BSE that its Board of Directors will meet on 5 December 2025 to consider and approve the conversion of 29,50,000 Convertible Warrants into an equal number of Equity Shares of face value Rs. 10 each. The warrants were originally allotted on 11 June 2024 at an offer price of Rs. 71 per warrant. The conversion is subject to the warrant holders paying the remaining 75% of the issue price, meaning they had already paid 25% upfront at the time of allotment. Once approved, the company's equity share capital will increase by 29,50,000 shares, potentially leading to dilution for existing shareholders.
The conversion will expand the equity base of the company upon receipt of the balance warrant money, bringing in additional funds but also diluting existing shareholders' holdings. Short-term share price may face mild pressure depending on the size of dilution relative to current capital.