Filing of Letter of offer of Rights Issue
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 3.2 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Josts Engineering Company Ltd is launching a rights issue of up to 18,50,000 equity shares at ₹270 per share (including a premium of ₹269 over face value of ₹1), aggregating up to ₹4,995 lakhs (approx ₹49.95 crore). The ratio is 5 rights shares for every 27 fully paid-up shares held by eligible shareholders on the record date of August 20, 2025. The issue opens on August 29, 2025 and closes on September 9, 2025, with on-market renunciation allowed until September 3, 2025. The shares are listed on BSE (Scrip Code 505750), and Bigshare Services is the registrar. The company confirmed it is not classified as a wilful defaulter or fraudulent borrower by any bank or financial institution.
Existing shareholders as of August 20, 2025 will get the right to buy 5 new shares for every 27 held, which may dilute their holdings if they do not subscribe or renounce. The stock may trade ex-rights shortly before the record date, and short-term price pressure is possible depending on the discount of the issue price to the prevailing market price.