Jattashankar Industries Limited Allots 13 Lakh Warrants at Rs 92 Per Warrant; Receives Second Tranche Payment of Rs 4.54 Crore
Jattashankar Industries Limited announced the allotment of 1,305,000 Convertible Warrants following a Board meeting held on June 20, 2026. The warrants grant holders the option to convert each warrant into one Equity Share of face value Rs 10/- within an eighteen-month period from the date of allotment.The Warrants were issued to entities belonging to the Non-Promoter Category and were allotted at an issue price of Rs 92 per Warrant, which includes a premium of Rs 82. The convertible nature means that 75% of the balance consideration must be paid before exercising the option to convert the Warrants into Equity Shares.
The allotment was distributed among 15 entities from the Non-Promoter Category. Key details regarding the allocation are provided below:
| Sr. No. | Name of Allottee(s) | Number of Convertible Warrants Allotted |
|---|---|---|
| Mr. Dahyabhai Mafatlal Patel | 2,00,000 | |
| Mr. Patel Pratik Pravinkumar | 1,50,000 | |
| Mr. Patel Nidhi Pratik | 75,000 | |
| M/s. Digvijaysinh Chauhan HUF | 50,000 | |
| Mr. Prabodh Natvarlal Patel | 50,000 | |
| M/s. PrabodhN Patel HUF | 75,000 | |
| Mr. Mukesh Ladha | 1,00,000 | |
| Mr. Murli Manohar Ladha | 1,00,000 | |
| Ms. Mamta Ladha | 1,00,000 | |
| Mr. Sushil Kumar Ladha | 1,00,000 | |
| M/s. Sushil Ladha-HUF | 75,000 | |
| Ms. Shobha | 1,00,000 | |
| Ms. Pushpadevi Ladha | 50,000 | |
| Mr. Madan Gopal Ladha | 55,000 | |
| M/s. Madan Gopal Ladha (HUF) | 25,000 |
The total allotment stood at 13,05,000 Convertible Warrants, with a corresponding 25% consideration amount recorded for the allottees totaling Rs 3,00,15,000.
Second Tranche Consideration Received
Jattashankar Industries Limited confirmed the receipt of the second tranche of consideration from selected allottees, amounting to Rs 4,54,02,000. This payment pertains to the Non-Promoter category and includes funds received from nine entities.The distribution of the considered amount is as follows:
| Sr. No. | Name of Allottee(s) | Consideration Received in 2nd Tranche (Amount in Rs.) |
|---|---|---|
| Mr. Mukesh Ladha | 64,40,000 | |
| Mr. Murli Manohar Ladha | 64,40,000 | |
| Ms. Mamta Ladha | 64,40,000 | |
| Mr. Sushil Kumar Ladha | 64,40,000 | |
| M/s. Sushil Ladha-HUF | 48,30,000 | |
| Ms. Shobha | 64,40,000 | |
| Ms. Pushpadevi Ladha | 32,20,000 | |
| Mr. Madan Gopal Ladha | 35,42,000 | |
| M/s. Madan Gopal Ladha (HUF) | 16,10,000 |
The total second tranche consideration received amounts to Rs 4,54,02,000.
Stock Price Movement
The equity settled at ₹6.22 in post-market trading, shedding 7.03%. During the session, shares ranged between a low of ₹6.17 and an intraday high of ₹6.68.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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