Jetking Infotrain517063Preferential allotment
Board approves withdrawal of proposed preferential issue of up to 4.6 lakh shares
Jetking Infotrain's Board has approved not going ahead with its proposed preferential issue and withdrawing the application made to BSE for in-principle listing approval.
By ScoutQuest · · 2 min read
- Preferential issue size
- up to 4.6 lakh equity shares of face value Rs. 10/- each
- Issue price
- Rs. 250/- per share
- Aggregate issue amount
- Rs. 11,50,00,000/-
What the company told the exchange
- The Board of Directors, at its meeting held on November 04, 2026, considered and approved the proposal for not going ahead with the Proposed Preferential Issue.
- The Board also approved withdrawing the application made to BSE Limited for grant of in-principle listing approval for that issue.
- The reason stated for the withdrawal is "prevailing market conditions".
- The meeting commenced at 2:30 p.m. and concluded at 3:36 p.m.
What was originally planned
- The Board had approved the fund raising on July 21, 2025: a preferential issue of up to 4.6 lakh Equity Shares.
- Face value of each share: Rs. 10/-; issue price: Rs. 250/- per Equity Share.
- Total amount to be raised: Rs. 11,50,00,000/-.
- Shareholders approved the proposal through a postal ballot on August 20, 2025.
- The company had applied to BSE for in-principle approval of the issue.
How to read this
- A preferential issue means new shares are issued to a select set of investors. It brings in money for the company, but it also increases the total number of shares, which is called dilution.
- With this withdrawal, the 4.6 lakh shares proposed under this plan will not be issued and the Rs. 11,50,00,000/- that was to come in through this route will not be raised.
- On the other hand, the dilution that would have come with those shares also does not take place under this proposal.
- The stated reason is market conditions, which is a common reason companies give when the terms of a fund raise no longer look workable.
What stays unchanged
- This is a withdrawal of one specific fund-raising proposal; it does not by itself change the company's existing share capital.
- The approval of shareholders obtained through the postal ballot on August 20, 2025 related to this proposal, which is now being withdrawn.
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4 Nov 2026
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28 Oct 2026
Sale Deed executed for Delhi office premises; Lease Deeds executed to keep occupying the same premises
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More numbers
- Equity shares proposed in the preferential issue4,60,000 Equity Shares
- Face value per equity shareRs. 10/-
- Issue price per equity shareRs. 250/-
- Aggregate size of the proposed preferential issueRs. 11,50,00,000/-
Source: BSE · 4 Nov 2026
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