Outcome of Rights Issue Committee Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.1 pts more than Nifty Microcap 250 and 6.4 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 has completed its Rights Issue, allotting 18,47,913 fully paid-up equity shares at ₹270 per share (face value ₹1, premium ₹269 per share), raising approximately ₹49.89 crores. The issue opened on August 29, 2025, and closed on September 10, 2025, with allotment approved by the Rights Issue Committee on September 16, 2025. Following the allotment, the company's paid-up equity share capital increased from ₹99.79 lakhs (99,78,730 shares) to ₹118.27 lakhs (1,18,26,643 shares). This is a capital-raising exercise, resulting in a dilution of about 18.5% for shareholders who did not subscribe to their rights entitlements.
Shareholders who did not subscribe to the Rights Issue face a dilution of roughly 18.5% in their equity stake, while the company strengthens its capital base by nearly ₹49.89 crores. The stock may see short-term pressure from the dilution, though long-term impact depends on how the raised funds are deployed.