Jyoti Structures Limited has informed the Exchange regarding Board meeting held on Jun 18, 2025.
JYOTISTRUC · price
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Jyoti Structures' board, at its meeting on June 18, 2025, approved the conversion of 7,50,000 fully convertible warrants into equity shares. The conversion was applied for by one warrant holder, Sanjeev Aggarwal (Non-Promoter), who paid the remaining 75% exercise price of Rs. 9.90 per warrant on top of the 25% already paid earlier. Total consideration received is Rs. 99,00,000 (including premium of Rs. 11.20 per share). As a result, the company's paid-up equity capital rises from 118,99,92,804 shares to 119,07,42,804 shares. The new shares will rank equally with existing shares for dividend and voting rights. The balance of the original 6,07,50,000 warrants can still be converted by June 30, 2025.
This is a small, non-promoter-led conversion adding only ~7.5 lakh shares to a base of nearly 119 crore shares — minimal dilution for existing shareholders. The company receives roughly Rs. 99 lakh in fresh funds, with no change in promoter holding.