Board Approves Up To Rs 1,55 Crore Rights Issue for Jaykay Enterprises Ltd
Jaykay Enterprises Limited announced that its Board of Directors has approved plans to raise funds through a Rights Issue involving partly-paid up equity shares. The company's board meeting on July 13, 2026, considered and sanctioned the issuance of securities amounting to up to Rs 1,55,00,00,000 (Rupees One Hundred and Fifty-Five Crore).The decision grants eligible shareholders a right to purchase these shares during the Rights Issue. The company's Board has authorized a specific 'Rights Issue Committee' to oversee the transaction. This committee will be responsible for determining several key operational aspects of the issue.
Terms that fall under the mandate of the authorized committee include, but are not limited to, the final issue size, the issue price, the rights entitlement ratio, and the schedule of payment. The company is expected to notify shareholders subsequently regarding the record date.
A summary of the proposed issuance details has been confirmed by the Board:
| Particulars | Details |
|---|---|
| Type of securities proposed to be issued | Partly paid-up Equity Shares |
| Type of issuance | Rights Issue |
| Maximum amount for which securities will be issued | Up to Rs 1,55,00,00,000 (Rupees One Hundred and Fifty-Five Crore) |
JAYKAY Stock Price Movement
Jaykay Enterprises Limited shares closed today after shedding 0.49% to settle at ₹183.53, following a slip of ₹0.90 during trading hours. The stock accounted for 149,991 shares traded during the session, which saw it trade within a range of ₹182 and ₹190.95.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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