Jattashankar Industries Allots 14,25,000 Convertible Warrants to Non-Promoters
Jattashankar Industries Ltd has completed the allotment of 14,25,000 Convertible Warrants following a Board meeting held on June 24, 2026. The warrants were issued to entities belonging to the Non-Promoter Category.Each allotted Warrant entitles the holders to convert it into one fully paid-up Equity Share of the company, which has a face value of Rs. 10/-. The conversion option must be exercised within 18 months from the date of allotment, subject to specific terms outlined in the explanatory statement dated May 12, 2026.
The warrants were issued at an issue price of Rs. 92/- per Warrant, which includes a premium of Rs. 82/- per Warrant. The issuance was conducted on a preferential basis to Non-Promoters.
According to the company records, conversion of the Warrants into Equity Shares is contingent upon the payment of the balance consideration, which amounts to 75.00% of the Issue price per Warrant.
A total of 14,25,000 Convertible Warrants were issued across seven allottees. The distribution and associated considerations are detailed below:
| Name of Allottee | Category of Allottee | Number of Convertible Warrants Allotted | Consideration Amount (Rs.) |
|---|---|---|---|
| Jebaliya Vimlaben Vijaybhai | Non-Promoter | 3,50,000 | 80,50,000 |
| Jebaliya Aditya Vijaybhai | Non-Promoter | 1,50,000 | 34,50,000 |
| Odedra Hiteshbhai Rajabhai | Non-Promoter | 1,00,000 | 23,00,000 |
| Veerrajbhai Bhabhlubhai Vala | Non-Promoter | 1,00,000 | 23,00,000 |
| Vijay Dadubhai Jebaliya HUF | Non-Promoter | 2,25,000 | 51,75,000 |
| Patel Prafulaben D | Non-Promoter | 2,00,000 | 46,00,000 |
| Finvention Finvest Private Limited | Non-Promoter | 3,00,000 | 69,00,000 |
| TOTAL | 14,25,000 | 3,27,75,000 |
Stock Price Movement
Jattashankar Industries Ltd settled on Wednesday at ₹420.00, registering a solid gain of 4.33% for the day. The shares traded effectively throughout the session, ranging from a low of ₹400.00 to an intraday high of ₹420.00.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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