Jaykay Enterprises Acquires Preference Shares in JK Digital & Advance Systems
Jaykay Enterprises Limited (JKE) has acquired additional preference shares in its wholly owned subsidiary, JK Digital & Advance Systems Private Limited. The transaction was completed on June 09, 2026.The acquisition involved the purchase of 1,50,000 additional preference shares of JK Digital & Advance Systems Private Limited. These shares were purchased for a total amount of Rs. 1,50,00,000/- (Rupees One Crore Fifty Lakhs Only), with each share having a face value of Rs. 100/-.
The acquisition was carried out through the Rights Issue and the consideration for these additional preference shares was paid in cash. This transaction ensures that JK Digital remains a wholly owned subsidiary of JKE, as JKE continues to hold 100% paid-up share capital in the entity.
Details of JK Digital & Advance Systems Private Limited
JK Digital & Advance Systems Private Limited is a private company operating in the Digital and IT Services industry. It was incorporated on July 27, 2023. The core business objects of JK Digital include 3D Printing works and advanced systems, research and development services, and other allied services.Financial details regarding the subsidiary for FY 2025-26 are as follows:
| Metric | Detail |
|---|---|
| Target Entity Name | JK Digital & Advance Systems Private Limited |
| Industry | Digital and IT Services |
| Turnover (FY 2025-26) | Rs. 47.49 Lakhs |
Purpose of Acquisition
The acquisition is intended to facilitate the utilization of net proceeds received through the Rights Issue. These funds will be used by JK Digital, as per the objects outlined in the Letter of Offer dated August 17, 2024, and subsequently amended following approval by shareholders at the 79th Annual General Meeting of JKE.JAYKAY Stock Price Movement
Jaykay Enterprises Limited shares gained 1.85% today, concluding in post-market trading at ₹179.90. The stock saw healthy activity during the session, with a total traded volume of 147,430 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.