Jowela Exim allots 16 lakh equity shares of ₹10/- each; becomes a subsidiary
Jowela Exim Private Limited has allotted 16 lakh equity shares of ₹10/- each to the company under a rights issue.
By ScoutQuest · · 1 min read
- Shares allotted
- 16 lakh equity shares of ₹10/- each
- Allotment date
- 15th October 2026
- Intimation received
- 22nd October 2026
A rights issue allotment makes Jowela Exim a subsidiary
- Jowela Exim Private Limited has allotted 16 lakh equity shares of ₹10/- each to the company.
- The allotment was made under a rights issue undertaken by Jowela Exim Private Limited.
- The allotment was done on 15th October 2026, and the intimation regarding the allotment was received by the company on 22nd October 2026.
- Following this allotment, Jowela Exim Private Limited has become a subsidiary of the company.
What is a rights issue
In a rights issue, a company offers additional shares to its existing shareholders, usually in proportion to the shares they already hold. By taking up these shares, the company has added to its holding in Jowela Exim Private Limited. The shares were issued at a face value of ₹10/- each, which is the nominal/nominal-par value of the share and not necessarily the price at which they were issued.
What becoming a subsidiary means
A subsidiary is a company that is controlled by another company, called the parent. Because Jowela Exim Private Limited is now a subsidiary of the company, its business and financials would form part of the parent's consolidated accounts going forward. For a retail reader, this is a structural change in the group: the company now has a subsidiary relationship with Jowela Exim rather than only an investment holding.
Key numbers to note
- Shares allotted: 16 lakh equity shares
- Face value per share: ₹10/- each
- Effective date of allotment: 15th October 2026
The company has asked the exchange to take the documents on record and to disseminate the information under the Corporate Announcement section of its website.
Also from Nidhi Granites
Board approves subscribing to rights issue of Jowela Exim; 50.50% stake to make it a subsidiary
14 Oct 2026
More numbers
- Equity shares allotted by Jowela Exim to the company16,00,000 equity shares
- Face value per equity share allotted₹10/-
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