Jtekt India Limited has informed the Exchange that Board of Directors at its meeting held on July 21, 2025, has decided to issue equity shares on rights basis in the ratio of 1 : 11, i.e 1 Equity Shares for every 11 Equity Shares held. Issue Price is Rs. 108 per share.
JTEKTINDIA · price
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On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.0 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Jtekt India's Board has approved a rights issue of up to ₹249.89 crores, offering 23,116,407 equity shares at ₹108.10 per share (including a premium of ₹107.10) in a ratio of 1 new share for every 11 shares held. The record date is fixed for Friday, July 25, 2025, to determine eligible shareholders. The issue opens on August 4, 2025, and closes on August 12, 2025. If fully subscribed, the company's equity base will expand from 254.28 million shares to 277.40 million shares, representing a dilution of about 8.3%. Shareholders may subscribe to their entitlements, renounce them on or off the market, or let them lapse.
Eligible shareholders should compare the ₹108.10 issue price with the prevailing market price to decide whether subscribing makes economic sense. Failure to act by the issue closing date will result in the rights entitlements lapsing with no shares allotted, while full subscription by all holders will dilute existing ownership by roughly 8.3%.