Announced Fri, 6 Nov, 2026 · 16:18 IST
Board approves preferential shares, warrants and business realignment
SJLOGISTIC · price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The board approved up to 13,00,000 preferential equity shares at Rs 326 each for up to Rs 42.38 crore, plus 15,40,000 warrants at Rs 326 each for up to Rs 50.204 crore. Promoters and public investors are among the proposed allottees. Approvals and a December 7 shareholder meeting are pending. Freight forwarding will move to a wholly owned subsidiary over 6 to 8 months.
Likely market impact
The raise may add capital, but up to 2.84 million potential new shares could dilute existing holders and create an overhang if converted.