Intimation regarding receipt of In Principle approval from BSE for Rights Issue.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Josts Engineering Company Ltd has received in-principle approval from BSE (vide letter dated August 5, 2025) for its proposed Rights Issue of fully paid-up equity shares. The company had originally applied for this approval on April 30, 2025. As next steps, the company will need to fix a record date (giving BSE at least 3 working days advance notice) and disclose the rights issue price at least 3 working days before the record date. The approval is subject to the company completing post-issue requirements and complying with all applicable statutory, legal, and listing formalities. The Letter of Offer and Composite Application Form must be dispatched to shareholders with copies sent to BSE simultaneously.
Existing shareholders should watch for the upcoming record date announcement, as they will need to act within the rights entitlement window to subscribe to the new shares. The rights issue will dilute existing shareholdings for those who do not participate, but offers them a chance to maintain their stake at the issue price.