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Jet Freight Logistics to Raise ₹76.74 Crore via Preferential Issue of 4.26 Crore Warrants
Jet Freight Logistics Limited has scheduled an Extra-Ordinary General Meeting (EGM) on February 20, 2026, to approve the issuance of 4,26,32,750 convertible warrants. The warrants are priced at ₹18 each, aiming to raise a total of ₹76.74 crore from both promoter and non-promoter categories. Members of the promoter group, including Tyra, Tyrus, and Thea Richard Theknath, are set to subscribe to over 2.22 crore warrants, demonstrating significant insider commitment. Subscribers will pay 25% of the issue price upfront, with the remaining 75% payable upon conversion into equity shares within 18 months.
Key Highlights
Issuance of 4,26,32,750 convertible warrants at a price of ₹18 per warrant (including ₹13 premium).
Total fundraise size aggregates to approximately ₹76.74 crore.
Promoter group entities to subscribe to 2,22,40,000 warrants, representing a major portion of the issue.
Warrants are convertible into equity shares of face value ₹5 each within a period of 18 months.
Relevant date for determining the minimum issue price is fixed as January 21, 2026.
💼 Action for Investors
Investors should view the substantial promoter participation as a sign of confidence in the company's growth trajectory. Monitor the EGM outcome and subsequent announcements regarding the specific utilization of these funds for expansion or debt reduction.