Date: September 25, 2026

Board Meeting Outcomes

The Board of Directors of Jet Freight Logistics Limited approved the allotment of equity shares on conversion of 45,19,663 equity warrants into 45,19,663 equity shares at an issue price of ₹18 per share (including a premium of ₹13) on a preferential basis. The conversion was approved via circular resolution passed on September 25, 2026.

Conversion Details

Total Amount Received: ₹6,10,15,450.50 (after refund adjustment of ₹49.50 for fractional entitlement)

Allottee Details:

  • Tyra Richard Theknath (Promoter Group): 12,35,555 shares allotted, 61,77,778 warrants pending conversion
  • Tyrus Richard Theknath (Promoter Group): 12,35,555 shares allotted, 61,77,778 warrants pending conversion
  • Thea Richard Theknath (Promoter Group): 12,35,555 shares allotted, 61,77,779 warrants pending conversion
  • Aqsa Rais (Non-Promoter Group): 33,333 shares allotted, 66,667 warrants pending conversion
  • Shrawan Kumar Babulal Jajodia (Non-Promoter Group): 3,33,333 shares allotted, 6,66,667 warrants pending conversion
  • Farhat Jahan (Non-Promoter Group): 93,333 shares allotted, 1,86,667 warrants pending conversion
  • Deepika (Non-Promoter Group): 20,666 shares allotted, 41,334 warrants pending conversion
  • Madhu Bala (Non-Promoter Group): 31,000 shares allotted, 0 warrants pending conversion
  • Subhash Chandra Juyal (Non-Promoter Group): 55,000 shares allotted, 0 warrants pending conversion
  • Bhupendra Singh Negi (Non-Promoter Group): 38,000 shares allotted, 0 warrants pending conversion
  • Jayesh Modi (Non-Promoter Group): 1,56,250 shares allotted, 3,12,500 warrants pending conversion
  • Niraj Prakashchand Bhandari (Non-Promoter Group): 52,083 shares allotted, 1,04,167 warrants pending conversion

Capital Structure Change

Pre-Conversion Capital: ₹23,20,18,920 consisting of 4,64,03,784 equity shares of ₹5 each

Post-Conversion Capital: ₹25,46,17,235 consisting of 5,09,23,447 equity shares of ₹5 each

Shareholding Impact

The new equity shares rank pari-passu with existing shares and will be listed on BSE and NSE upon receipt of listing approval.

Promoter Group Holdings Post-Conversion:

  • Tyra Richard Theknath: 2.43% (12,35,555 shares)
  • Tyrus Richard Theknath: 2.43% (12,35,555 shares)
  • Thea Richard Theknath: 2.43% (12,35,555 shares)

Non-Promoter Holdings Post-Conversion:

  • Shrawan Kumar Babulal Jajodia: 0.65% (3,33,333 shares)
  • Farhat Jahan: 0.18% (93,333 shares)
  • Jayesh Modi: 0.31% (1,56,250 shares)
  • Others: Holdings between 0.04% to 0.11%

Warrant Details

Original Warrant Allotment: June 05, 2026 for 3,74,27,694 warrants

Conversion Terms: 25% payment (₹4.5 per warrant) at allotment, 75% payment (₹13.5 per warrant) at conversion

Remaining Warrants: 3,29,08,031 warrants eligible for conversion within 18 months from June 05, 2026