Jattashankar Industries Limited has received in-principle approval from BSE Limited for the preferential issue of 81,55,000 (Eighty-One Lakhs Fifty-Five Thousand) warrants convertible into equity shares. The approval was granted vide letter reference LOD/PREF/MV/FIP/387/2026-27 dated 16th June, 2026.

Key Details of the Approval:

  • Security Type: 81,55,000 warrants convertible into equity shares
  • Conversion Ratio: 1 warrant = 1 equity share
  • Face Value: ₹10 per share
  • Issue Price: Not less than ₹92 per warrant
  • Allottees: Promoters and non-promoters
  • Basis: Preferential issue

Regulatory Compliance Requirements:

The company must ensure strict compliance with:

  • Companies Act, 2013
  • Securities Contracts (Regulation) Act, 1956
  • SEBI Act, 1992
  • Depositories Act, 1996
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations)
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations)
  • Listing Agreement with BSE

Specific Compliance Instructions from BSE:

1. Internal Controls: Company must strengthen internal controls to monitor trades by proposed allottees

2. Undertaking Requirement: Must obtain undertaking from allottees confirming:

  • No intra-day trading in company scrip
  • No sale in company scrip until allotment date

3. Company Responsibility: Sole responsibility on issuer company to verify and ensure compliance with Regulation 167(6) of SEBI ICDR regulations

4. Consequences: Non-compliances may impact listing of shares

Post-Allotment Requirements:

  • Listing application must be filed without delay with applicable fees under Regulation 14 of LODR Regulations
  • Application must be made within 20 days from date of allotment as per SEBI circular SEBl/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
  • Non-compliance will attract fines as specified in the SEBI circular

Additional Notes:

  • For convertible securities, depositories will automatically release excess lock-in period of pre-preferential holding without requiring NOC from Exchange
  • BSE reserves right to withdraw approval if information is found incomplete/incorrect/misleading/false or if contravenes any regulations

Document Signatories:

  • Company Representative: Keval Jayanti Khudai, Managing Director (DIN: 11153664)
  • BSE Representatives: Janardhan Wagle (Deputy Vice President), Mayuri Visaria (Deputy Manager)

Company Address:

11, Parasrampuria Apartment, Film City Road, Opp. Bank of India, Gokuldham, Goregaon (E), Mumbai, Maharashtra, 400063