Jainik Power Cables Limited Updates Details of Preferential Issue Warrants and Shareholding Percentages
Jainik Power Cables Limited, formerly known as Jainik Power and Cables Limited, has provided revised outcomes concerning its preferential issue of warrants convertible into equity shares. These revisions involve corrections regarding the name of one proposed allottee and details of pre and post-issue shareholding percentages for specific investors.The company conducted a preferential issue involving Warrants that are convertible into an equal number of Equity Shares. The total offering size is up to 30,00,000 Convertible Warrants, priced at Rs. 151.50/- per Warrant, amounting to a total raise of Rs. 45,45,00,000/- (Rupees Forty-Five Crores Forty-Five Lakhs Only).
Key terms related to the warrants state that each warrant is convertible into one Equity Share. The conversion can be exercised within 18 months from the date of allotment. The payment structure requires an amount equivalent to 25% of the Warrant price upon the allotment date, with the remaining 75% payable by the Warrant holder when exercising the option against each warrant at the time of equity share allotment.
The specific details of the investors who received the warrants and their post-allotment status have been updated, reflecting changes in holdings for several parties.
Summary of Convertible Warrants Issuance
A total of 30,00,000 Convertible Warrants were issued across 18 proposed allottees, categorized as Promoter/Individual, Non-Promoter/Other, or Non-Promoter/Alternate Investor Fund (AIF). Promoters and promoter group members collectively received a significant portion of the warrants.The distribution across the different categories is detailed in the table below:
| Category | Total Number of Warrants Issued |
|---|---|
| Promoter/Individual | 4,57,100 |
| Non-Promoter/Other & Individual | 9,67,800 |
| Promoters Group/HUFs | 3,25,800 |
| Non-Promoter/AIF or Bodies Corporate | 2,09,200 |
Post Allotment Shareholding Details
The revised data details the pre and post-issue shareholding percentages for various investors following the allotment of securities and conversion of warrants.For instance, Shashank Jain, a Promoter/Individual, held 30,14,800 shares (21.01% pre-issue) and this stake reduced to 31,27,600 shares or 18.03% post-issue. Similarly, Prateek Jain's holding dropped from 12.97% to 14.32%.
The Post Allotment details for key investors are provided in the following table:
| Proposed Allottee | Category | Pre-issue Shares (as of July 17, 2026) | Pre-issue % | Post-issue Shares and After Conversion | Post-issue % |
|---|---|---|---|---|---|
| Shashank Jain | Promoter/Individual | 30,14,800 | 21.01% | 31,27,600 | 18.03% |
| Prateek Jain | Promoter/Individual | 18,60,800 | 12.97% | 24,83,600 | 14.32% |
| Anju Jain | Promoter/Individual | 15,84,000 | 11.04% | 16,96,800 | 9.78% |
| Subhash Chand Jain | Promoter/Individual | 12,71,400 | 8.86% | 13,84,200 | 7.98% |
| Subhash Jain & Sons HUF | Promoter Group/HUF | 6,57,000 | 4.58% | 7,69,800 | 4.44% |
| Shivangi Jain | Promoter Group/Individual | 7,11,000 | 4.96% | 13,24,200 | 7.63% |
JAINIK Stock Price Movement
Shares of Jainik Power Cables Limited today slipped 2.08% to settle at ₹186, having shed ₹3.95 in trading. The stock recorded strong volatility, hitting its 52-week HIGH during the session despite closing down after trading 30,000 shares.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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