Pursuant to the provisions of Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015, I undersigned wish to inform that the following promoters are allotted Equity ....
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Jhandewalas Foods Limited has allotted 17,46,535 equity shares to four promoters following the conversion of their existing warrants into shares, as approved in a board meeting held on 05-12-2025. The promoters involved are Raakesh B Kulwal (8,38,000 shares, taking his holding to 10.03%), Renu Koolwal (6,70,789 shares, holding now 8.13%), Jhanvi Koolwal (1,20,282 shares, 0.79%), and Milan Koolwal (1,17,465 shares, 0.77%). The total allotment represents about 11.40% of the post-issue share capital. The conversion was carried out at an implied price of roughly Rs 60–71 per share based on the disclosed transaction values.
This is a dilution event but limited to the promoter group, so ownership stays within the family and no new external shareholders are introduced. Existing minority shareholders may see a modest negative impact due to the increase in share count, though promoter confidence in staying invested long-term is a positive signal.