Revision of Outcome of Board Meeting dated 31st March, 2025

Fund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹83.10

prior close

₹83.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-3.6%+4.2% vs market

Heavy Electrical Equipment peers, median of 26sector-4.3%+4.9% vs sector

On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.9 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.3

10m

-3.6

15m

-1.7

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.6-3.6+4.2-4.3+4.9

Next day

-2.9-7.8+4.9-8.6+5.7

-1.3-5.6+4.3-7.4+6.1

-4.0-6.8+2.8-9.3+5.3

-1.1-3.6+2.5-4.8+3.7

+3.7-0.5+4.2-0.7+4.5

+10.7+1.1+9.6+2.1+8.6

15d

-3.7-1.2-2.5+1.3-5.0

+2.3+0.2+2.1+3.0-0.7

+53.2+11.1+42.1+14.5+38.7

+32.4+14.5+17.8+19.9+12.5

UpDownMarket · Nifty Microcap 250Sector · Heavy Electrical Equipment peers, median of 26Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Jyoti Ltd's board has approved a revised filing regarding the preferential allotment of 59,63,636 equity shares at Rs. 55 per share (face value Rs. 10, premium of Rs. 45) to Rare Asset Reconstruction Pvt. Ltd. (now Rare Asset Reconstruction Limited). These shares were issued on conversion of debt into equity under the SARFAESI Act, 2002, meaning an asset reconstruction company has converted the company's debt into a significant equity stake. A postal ballot will be sent to shareholders to ratify this allotment. Additionally, Mr. Jignesh A. Patel has been promoted from Assistant General Manager to Deputy General Manager effective April 1, 2025. The revised filing was made in response to a BSE observation on the earlier submission.

Likely market impact

This confirms that a debt-to-equity conversion has taken place, which will dilute existing shareholders but also reduce the company's debt burden. Investors should note that Rare Asset Reconstruction now holds a significant stake in the company as a result of this conversion.