Jaykay Enterprises Limited has deferred the meeting of its Rights Issue Committee, which was scheduled for July 17, 2026, to determine the issue price and entitlement ratio for its proposed rights issue. The committee postponed the consideration because the company has not yet received the requisite in-principle approvals from the BSE Limited and National Stock Exchange of India Limited. The fund raise aims to aggregate up to Rs 155 crore through the issuance of partly-paid-up equity shares.

The Board of Directors had approved the fund raise on July 13, 2026, to eligible shareholders as on a record date to be notified later. The proceeds are intended for investment in its wholly-owned subsidiary, JK Defence & Aerospace Limited, and for general corporate purposes. The issue remains subject to receiving regulatory clearances from the stock exchanges.

Key Issue Details

The trading window for dealing in the company's securities remains closed since July 1, 2026. It will continue to stay shut until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. The company informed the exchanges pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Jaykay Enterprises Limited has acquired 1,50,000 additional preference shares in its wholly owned subsidiary, JK Digital & Advance Systems Private Limited, for a total consideration of ₹1.50 crore on June 09, 2026. The acquisition was completed pursuant to a rights issue, with the consideration paid in cash, and the company maintains 100% control over the subsidiary following this transaction.

The investment utilizes the net proceeds received from the rights issue referenced in a Letter of Offer dated August 17, 2024. JK Digital will deploy these funds according to the objects outlined in that letter, as amended and approved by shareholders at the company's 79th Annual General Meeting. The subsidiary operates in the digital and IT services sector, specializing in 3D printing works and advanced systems.

JK Digital & Advance Systems Private Limited was incorporated on July 27, 2023, and reported a turnover of ₹47.49 Lakhs for FY 2025-26. Although the transaction involves a related party, the acquisition of additional preference shares does not fall within related party transactions as defined by the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was submitted to the exchanges in compliance with Regulation 30 of the SEBI Listing Regulations and the relevant SEBI Master Circular. The acquisition was finalized on June 09, 2026, with no change in the ultimate shareholding percentage, which remains at 100%.

Transaction Details

The key parameters of the acquisition are summarised below: