Jattashankar Industries Allots 16 Lakh Convertible Warrants to Promoter and Non-Promoter Categories
Jattashankar Industries Ltd announced the successful allotment of 1,600,000 Convertible Warrants following its Board meeting held on June 26, 2026. The warrants were issued to investors belonging to both the Promoter Group and the Non-Promoter category on a preferential basis.The warrants entitle their holders to convert each warrant into one fully paid-up Equity Share of the company, which has a face value of Rs. 10/- (Rupees Ten Only). The Warrants were allotted at an issue price of Rs. 92/- per Warrant, reflecting a premium of Rs. 82/-, for cash consideration.
The allotment included both Non-Promoter and Promoter Group entities. Under the terms set out by the company, each warrant is convertible into one Equity Share. To facilitate this conversion, investors are required to pay the balance consideration equivalent to 75.00% of the Issue price per Warrant before exercising the option to convert. The Warrants holders will have a period of 18 months from the date of allotment to exercise the conversion option.
The allocation details and total commitment amount for the allotment, which totaled 16,00,000 warrants, are as follows:
| Allottee Category | Number of Convertible Warrants Allotted | Total Amount (25% Consideration) |
|---|---|---|
| Non-Promoter | 9,75,000 | Rs. 2,34,85,000 |
| Promoter Group | 3,00,000 | Rs. 6,90,000 |
| Total | 16,00,000 | Rs. 3,00,75,000 |
Details of the allottees and their respective allocations are provided in the table below:
| Sr. No. | Name of Allottee(s) | Category of Allottee(s) | No. of Convertible Warrants allotted | 25% Consideration (Amount in Rs.) |
|---|---|---|---|---|
| 1. | Vasoya Dipakbhai B | Non-Promoter | 1,00,000 | 23,00,000 |
| 2. | Gida Deshubhai Lakhubhai | Non-Promoter | 2,00,000 | 46,00,000 |
| 3. | Gida Mahavirbhai Aligbhai | Non-Promoter | 75,000 | 17,25,000 |
| 4. | Thaker Hemantkumar Labhshankar | Non-Promoter | 75,000 | 17,25,000 |
| 5. | Gida Vishvajeet Devayatbhai | Non-Promoter | 75,000 | 17,25,000 |
| 6. | Gida Harapalsinh Devayatbhai | Non-Promoter | 75,000 | 17,25,000 |
| 7. | Rajabhai Bhura Odedra | Non-Promoter | 3,00,000 | 69,00,000 |
| 8. | Ajay Dadubhai Jebaliya | Non-Promoter | 1,00,000 | 23,00,000 |
| 9. | Vishal Mahendrabhai Thekdi | Non-Promoter | 1,50,000 | 34,50,000 |
| 10. | Ripalben V Thekadi | Non-Promoter | 1,50,000 | 34,50,000 |
| 11. | Alantis Exim LLP | Promoter Group | 1,50,000 | 34,50,000 |
| 12. | OTP Advisory LLP | Promoter Group | 1,50,000 | 34,50,000 |
Stock Price Movement
Jattashankar Industries Ltd settled at ₹408.90 on Thursday, declining by 2.64% with the stock falling ₹11.10 from the previous close. The shares traded within an intraday range of ₹399.00 to ₹419.90.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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