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 informed the stock exchanges that four promoters were allotted equity shares on 05-12-2025 (intimated on 08-12-2025, revised intimation on 24-01-2026) following the conversion of their previously held warrants. A total of 16,82,712 equity shares (11.03% of post-issue capital) were allotted, valued at roughly ₹11.93 crore. The promoters involved are Raakesh B Kulwal (8,38,000 shares, now holding 10.07% post-allotment), Renu Koolwal (6,61,051 shares, now at 8.10%), Jhanvi Koolwal (93,708 shares, now at 0.60%), and Milan Koolwal (89,953 shares, now at 0.59%). The warrant conversion terms mention 25%+75% payment received, and no derivatives trading was carried out by these persons.
This is a positive signal of promoter confidence, as the promoter family is converting warrants into actual equity, increasing their skin in the game. Shareholders should note the dilution of roughly 11% of post-issue capital, but promoter alignment with shareholders is strengthened.