Target Entity
JK Defence & Aerospace Limited (CIN: U26515DL2023PLC416434)
Type of Deal
Investment in subsidiary via Rights Issue
Stake/Capacity
Acquisition of 25,00,000 Preference Shares of face value ₹100 each. The acquisition maintains JKE's 100% ownership in JK Defence & Aerospace Limited, which remains a wholly-owned subsidiary.
Deal Value
₹25,00,00,000 (Rupees Twenty Five Crore Only)
Funding Source
Net proceeds received under the Rights Issue as per Letter of Offer dated August 25, 2026. Consideration paid in cash.
Financial Impact
JK Defence & Aerospace Limited has nil turnover and has yet to commence operations. The investment represents utilization of rights issue proceeds for the subsidiary's business objectives as outlined in the Letter of Offer.
Timeline
The acquisition was completed on October 05, 2026.
Strategic Rationale
The investment utilizes the net proceeds from the rights issue to fund JK Defence & Aerospace Limited's operations in the defence and aerospace sector, specifically for manufacturing and trading defence and aerospace equipment.
Approval Status
Completed. No governmental or regulatory approvals were required for this acquisition.
Company Background
JK Defence & Aerospace Limited is a public company incorporated on July 03, 2023, with registered office at 4th Floor, JK Building, A-2, Local Shopping Centre, Masjid Moth, New Delhi 110048. The company focuses on manufacturing and trading defence and aerospace equipment and operates exclusively in India.