Outcome of Rights Issue Committee Meeting
Price
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Josts Engineering Company has finalised the terms of its rights issue, which was originally approved by the Board on January 28, 2025. The company will issue 18,50,000 equity shares at ₹270 per share, including a premium of ₹269, aggregating up to ₹49.95 crore (assuming full subscription). The entitlement ratio is 5 shares for every 27 shares held on the record date of August 20, 2025. The rights issue opens on August 29, 2025 and closes on September 9, 2025. Post-issue, the total outstanding shares will increase from 99,78,730 to 1,18,28,730.
Existing shareholders will get an opportunity to subscribe to new shares and maintain their proportional ownership. If they choose not to participate, their stake will be diluted by about 18.5%. The issue price of ₹270 reflects a significant premium over the face value, indicating strong confidence in the share's market price.