Post Issue Advertisement pursuant to SEBI (ICDR) Regulation 2018
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Josts Engineering Company has completed its rights issue and filed the post-issue advertisement with BSE as required under SEBI ICDR Regulations. The company issued 18,47,913 equity shares of ₹1 face value at ₹270 per share (including ₹269 premium), aggregating to about ₹49.89 crores, in the ratio of 5 rights shares for every 27 held. The issue opened on August 29, 2025 and closed on September 10, 2025, with the basis of allotment finalized on September 16, 2025. The issue was oversubscribed at 135.69%, with 2,892 valid applications for 25,07,436 shares worth ₹67.70 crores received. BSE approved the listing application on September 18, 2025, and shares were credited to demat accounts on September 19, 2025.
The successful rights issue, oversubscribed at 135.69%, strengthens the company's capital base by around ₹49.89 crores and signals solid shareholder confidence. New shares have already been credited to demat accounts and will trade on BSE once trading approval is formally notified, potentially leading to short-term share price adjustment.