Jet Freight Logistics Allots Warrants Worth 2,22,40,000 Shares To Promoter Group Members
Jet Freight Logistics Ltd has seen a change in its promoter and promoter group shareholding consequent to the preferential allotment of warrants. These warrants were issued to select members of the Promoter Group following an approval by the Company’s Board of Directors held on June 5, 2026.The transaction involved the issuance of 2,22,40,000 warrants at an issue price of Rs. 18/- per warrant. Each warrant is designed to be convertible into or exchangeable for one fully paid-up equity share of the company, which has a face value of Rs. 5/- each.
The warrants were allocated to Ms. Thea Richard Theknath, Mr. Tyrus Richard Theknath, and Ms. Tyra Richard Theknath. Although these specific members have not yet received the warrants, their allotment impacts the shareholding percentage of the Promoter and Promoter Group when calculated on a fully diluted basis.
Shareholding Details and Dilution Impact
The allotment of these convertible securities has been documented, detailing the standing of various individuals within the Promoters and Persons Acting in Concert (PACs). The following table summarizes the acquisition details for the individual members of the Promoter Group.| Individual | Shares Carrying Voting Rights Acquired | % w.r.t. Total Diluted Share/Voting Capital |
|---|---|---|
| Richard Francis Theknath | 1,08,48,452 | 23.38% |
| Dax Francis Theknath | 96,18,000 | 20.73% |
| Agnes Francis Theknath | 31,60,000 | 6.81% |
| Arlene Sandra Theknath | 16 | 0.00% |
| Christina Dax Theknath | 8 | 0.00% |
| Elizabeth Muriel Dias | 8 | 0.00% |
| Achamma Coutinho | 4 | 0.00% |
| Tyra Richard Theknath | 0 | 0.00% |
| Thea Richard Theknath | 0 | 0.00% |
| Tyrus Richard Theknath | 0 | 0.00% |
Pre and Post Acquisition Diluted Share Capital
The allotment details show a significant increase in the total diluted share/voting capital of Jet Freight Logistics Ltd upon the exercise of these warrants.Pre-acquisition, the Equity share capital or total voting capital of the company was Rs. 23,20,18,920 (4,64,03,784 Equity Shares of INR 5/- each).
After the acquisition and potential conversion of these warrants, the Total diluted share/voting capital has increased to Rs. 41,91,57,390 (8,38,31,478 Equity Shares of INR 5/- each).
The acquisition involved "Preferential Allotment," and the warrants may be exercised into Equity Shares by the warrant holders at any time before the expiry of 18 months from the date of allotment.
JETFREIGHT Stock Price Movement
Today, shares of Jet Freight Logistics Limited shed 0.09% in post-market trading, settling at ₹21.86. The stock saw an intraday trading band between a high of ₹23.00 and a low of ₹21.85.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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