Newspaper Advertisement regarding Rights Issue
Price
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Awaiting price reaction for this filing.
Josts Engineering Company Ltd has filed a newspaper advertisement (pre-issue advertisement) with BSE as required under Regulation 84 of SEBI ICDR Regulations, ahead of its upcoming Rights Issue. The company is issuing up to 18,47,913 fully paid-up equity shares of face value ₹1 each at a price of ₹270 per share (including ₹269 premium), aggregating up to ₹4,989.37 lakhs (~₹49.89 crores). The ratio is 5 rights shares for every 27 shares held, with the record date set as Wednesday, August 20, 2025. The issue opens on Friday, August 29, 2025, and closes on Tuesday, September 09, 2025. The Abridged Letter of Offer and Composite Application Form were already dispatched to eligible shareholders on August 22-23, 2025. Bigshare Services Private Limited is the registrar and Kotak Mahindra Bank is the banker to the issue.
Eligible shareholders as on the record date (August 20, 2025) will receive rights entitlements to subscribe to additional shares at ₹270 each. The issue will dilute existing holdings but provides shareholders an opportunity to maintain their proportional stake. Existing shareholders should review the Letter of Offer and consider subscribing, renouncing, or letting entitlements lapse before September 9, 2025.