Jyoti Structures Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 18, 2025.
JYOTISTRUC · price
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Jyoti Structures Limited's board, at its meeting on June 18, 2025, approved the conversion of 7,50,000 fully convertible warrants into equity shares. The warrants were originally allotted on December 30, 2023, at Rs. 13.20 each (face value Rs. 2, premium Rs. 11.20). One non-promoter allottee, Sanjeev Aggarwal, paid the remaining 75% exercise price of Rs. 9.90 per warrant, bringing total consideration to Rs. 99,00,000. As a result, the company's issued capital rises from 119,00,08,064 to 119,07,58,064 equity shares. The remaining warrant holders have until June 30, 2025, to exercise their warrants, or they will lapse.
This is a minor equity dilution of about 0.06% (7.5 lakh new shares on ~119 crore existing shares) from warrant conversion by a non-promoter. Shareholders should note the June 30, 2025 deadline for remaining warrant conversions, which could lead to further dilution if exercised.