Jyoti Structures Limited has informed the Exchange regarding outcome of the Board meeting held on September 30, 2025.
JYOTISTRUC · price
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Jyoti Structures' board met on September 30, 2025 and took four key decisions. First, it cancelled 5,02,333 equity shares that were wrongly allotted under the JSL ESOS 2021 scheme on August 14, 2025 due to a calculation error. The company clarified these shares were never listed or traded, so no market impact resulted from the cancellation. Second, the board approved fresh allotments totaling 3,11,333 equity shares (face value Rs. 2) to employees who exercised their stock options at exercise prices of Rs. 5, Rs. 10, and Rs. 15 per share respectively. After all these adjustments, the total issued share capital stands at Rs. 238,21,08,274, which is slightly lower than before due to the net cancellation of roughly 1.91 lakh shares.
This is a housekeeping announcement that corrects a past error in ESOP allotment and records routine stock option exercises. Existing shareholders see a marginal reduction in total share count (small accretion to their proportional ownership), and there is no negative earnings or business impact disclosed.