Jattashankar Industries Allots 30 Lakh Convertible Warrants at Rs 92 Per Unit
Jattashankar Industries Ltd has announced the allotment of 30,00,000 Convertible Warrants following a board meeting held on June 23, 2026. These warrants entitle the holders to convert each unit into an equity share of the company with a face value of Rs. 10/- (Rupees Ten Only), fully paid-up.The allotment was made on a preferential basis to entities falling under the 'Promoter and Promoter Group' and 'Non-Promoter Category'. The warrants were issued at an issue price of Rs. 92/-, which includes a premium of Rs. 82/- per warrant, for cash consideration.
Under the terms of the allotment, each warranted unit is convertible into one fully paid-up Equity share. To exercise this option, the holder must pay the balance consideration equivalent to 75.00% of the Issue price per Warrant before converting it into Equity Shares. The conversion period for warrant holders extends up to 18 months from the date of allotment.
The allocation was distributed among various investors categorized as Promoters and Non-Promoters, with a total consideration collected amounting to Rs. 6,90,00,000.
The details of the allotment are summarized below:
| Category | Total Convertible Warrants Allotted | Total Consideration (Amount in Rs.) |
|---|---|---|
| Non-Promoter | 25,00,000 | 6,90,00,000 |
| Promoter Group | 3,00,000 | 74,00,000* |
| Grand Total | 30,00,000 | 7,64,00,000 |
Note: The provided data shows a total allotment of 30,00,000 warrants with a grand total consideration of Rs. 6,90,00,000 across all categories.
Stock Price Movement
Jattashankar Industries Ltd shares settled at ₹402.55, edging higher by 0.29% in today’s trading session. The stock experienced a wide intraday range, moving between a low of ₹385.00 and an intraday high of ₹405.00.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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