Jyoti Structures Limited has informed the Exchange about General Updates
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 by one non-promoter allottee, Sanjeev Aggarwal. This is part of an earlier allotment of up to 6,07,50,000 warrants made on December 30, 2023 at an issue price of Rs. 13.20 per warrant (Rs. 2 face value + Rs. 11.20 premium). The allottee paid the remaining 75% exercise price of Rs. 9.90 per warrant, totaling Rs. 74,25,000, and the total consideration including premium amounts to Rs. 99,00,000. As a result, the company's paid-up equity capital rises from 118,99,92,804 shares to 119,07,42,804 shares. The newly issued shares will rank equally with existing equity shares for dividends and voting rights. The deadline for converting the remaining warrants is June 30, 2025.
This is a small equity dilution of about 0.06% with a modest capital infusion of Rs. 74.25 lakh from one non-promoter investor. It is unlikely to materially affect share price or promoter holding, but reflects continued progress in the company's warrant conversion program originally initiated in late 2023.