Jyoti Structures Limited has informed the Exchange regarding Outcome of Board Meeting held on September 30, 2025.
JYOTISTRUC · price
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The Board of Jyoti Structures, at its meeting on September 30, 2025, approved the cancellation of 5,02,333 equity shares that were erroneously allotted under the JSL ESOS 2021 Scheme on August 14, 2025 due to a calculation mistake. These shares were never listed or traded. The Board simultaneously approved fresh allotments under the same ESOS scheme in three tranches: 2,45,000 shares at Rs. 5 each, 13,000 shares at Rs. 10 each, and 53,333 shares at Rs. 15 each (all with Rs. 2 face value). Total shares newly allotted come to 3,11,333, which is a net reduction of about 1.91 lakh shares versus the cancelled lot. After these adjustments, the total issued shares stand at approximately 119.10 crore with a share capital of Rs. 238.21 crore.
Minimal impact on shareholders — the share count is marginally reduced on a net basis, and no shares were ever traded on exchanges. This is a routine ESOS housekeeping exercise with no material financial or dilutionary impact for existing retail shareholders.