Outcome of Rights Issue Committee Meeting held on 16th September, 2025
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Josts Engineering has completed the allotment of 18,47,913 equity shares through its Rights Issue at ₹270 per share (face value ₹1, premium ₹269). The total issue size is about ₹49.89 crore (₹4,989.37 lakhs). The issue opened on August 29, 2025, and closed on September 10, 2025, with allotment approved on September 16, 2025. As a result, the company's paid-up equity share capital has risen from 99,78,730 shares to 1,18,26,643 shares. The shares have been allotted to eligible shareholders and renouncees on a rights basis per the Letter of Offer.
This is the formal completion of the company's earlier announced fund-raising via rights issue. Shareholders who did not subscribe or renounce their rights saw their effective stake diluted by roughly 18.5%, while subscribers paid ₹270 per share to maintain/increase their holding.