Record date for the purpose of Rights Issue is fixed on 20th August, 2025
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Josts Engineering Company is launching a rights issue to raise up to ₹49.95 crore by issuing 18,50,000 equity shares at ₹270 per share (including a ₹269 premium). Eligible shareholders can subscribe in the ratio of 5 shares for every 27 shares held on the record date of 20 August 2025. The issue opens on 29 August 2025 and closes on 9 September 2025, with an on-market renunciation window from 29 August to 3 September. If fully subscribed, the company's outstanding equity shares will increase from 99,78,730 to 1,18,28,730 — an expansion of roughly 18.5%. Shareholders holding fewer than 6 shares on the record date will have zero entitlement and cannot renounce their rights.
Existing shareholders must act by the record date to be eligible for the rights entitlement. Those who do not subscribe will see their effective stake diluted by about 15.6%, while participating shareholders will need to fund the ₹270 per share price to maintain their proportional ownership.