Jainik Power Cables Releases Revised Valuation Report and Details Preferred Allottee for Warrant Issue
Jainik Power Cables Limited has provided critical updates regarding its preferential issue of warrants, including the availability of a revised valuation report and naming one of the proposed allottees. These details relate to the Corrigendum issued in reference to the Notice of Extra Ordinary General Meeting dated August 06, 2026.The company clarified that a revised Valuation report is available online. This report addresses the revision in the price based on the 90 trading days volume weighted average price and can be accessed through the company's website.
Regarding the preferential issue of warrants, M/s. Saraaf Investments has been identified as one of the proposed allottees. The arrangement stipulates that Mr. Naresh Saraaf shall hold the shares allotted pursuant to this issue in his name, acting as a nominee for and on behalf of M/s. Saraaf Investments.
JAINIK Stock Price Movement
Jainik Power Cables Limited settled flat in the market today, closing at ₹199.15. The stock saw a total traded volume of 1200 shares during trading hours.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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