Target Entity: JK Digital & Advance Systems Private Limited

  • Incorporated: July 27, 2023
  • Business: 3D Printing works and advanced systems, research and development services and other allied services
  • Country of Operation: India
  • FY 2025-26 Turnover: ₹47.49 Lakhs

Type of Deal: Acquisition of additional preference shares in wholly owned subsidiary

Stake/Capacity:

  • JKE along with its nominees holds 100% paid-up share capital of JK Digital
  • Acquired: 1,50,000 additional preference shares of face value ₹100 each

Deal Value: ₹1,50,00,000 (Rupees One Crore Fifty Lakhs Only)

Funding Source:

  • Net proceeds received under the Rights Issue vide Letter of Offer dated August 17, 2024
  • Consideration paid in cash

Strategic Rationale:

  • Utilization of Rights Issue proceeds as per objects given in the Letter of Offer
  • Objects amended pursuant to variation approved by shareholders at the 79th Annual General Meeting
  • JK Digital will utilize this amount as per the objects specified in the Rights Issue documentation

Approval Status:

  • Transaction completed on June 09, 2026
  • No governmental or regulatory approvals required

Additional Information:

  • Disclosure hosted on company website: www.jaykayenterprises.com
  • Signed by Shikha Rastogi, Company Secretary & Compliance Officer