Josts Engineering Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2025 ,inter alia, to consider and approve 1) To fix the Issue ....
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Josts Engineering Company Limited has informed BSE that the Rights Issue Committee of its Board will meet on 13th August 2025 to finalize the terms of a proposed rights issue to existing shareholders. The committee will decide the issue price, issue size, terms of payment, record date, rights entitlement ratio, and approve the Letter of Offer. The rights issue was originally approved by the Board on 28th January 2025. No specific pricing, ratio, or issue size figures have been disclosed yet — these will be decided at the upcoming meeting. The insider trading window is already closed since 1st July 2025.
Shareholders should watch the 13th August announcement closely, as the entitlement ratio and issue price will determine how much additional capital they may need to invest. A rights issue dilutes existing holdings but can be value-accretive if the pricing is reasonable relative to the market price.