Jet Freight Logistics has allotted 2,22,40,000 warrants to members of its promoter group, increasing the group's holding on a fully diluted basis to 54.70%. The warrants were issued at a price of ₹18 per warrant, convertible into one fully paid-up equity share with a face value of ₹5 each. The allotment was approved by the Board of Directors on June 05, 2026.

Warrant Allotment Details

The preferential allotment was made to three members of the promoter group: Ms. Thea Richard Theknath, Mr. Tyrus Richard Theknath, and Ms. Tyra Richard Theknath. The warrants can be exercised into equity shares at any time before the expiry of 18 months from the date of allotment. The total diluted share capital post-allotment stands at ₹41.91 crore, comprising 8,38,31,478 equity shares.

Shareholding Changes

Prior to the allotment, the promoter and promoter group held 50.92% of the total voting capital, representing 2,36,26,488 shares. Following the issuance of warrants, the group's holding on a fully diluted basis rises to 54.70%, accounting for 4,58,66,488 shares. The disclosure regarding this substantial acquisition was submitted to the stock exchanges on June 09, 2026, under Regulation 29(1) of the SEBI (Substantial Acquisition and Takeover) Regulations, 2011. The filing was made by Ms. Tyra Richard Theknath on behalf of the acquirers, promoters, and members of the promoter group.

Jet Freight Logistics Limited has revised its participation schedule for the India International Cargo Show 2026 (IICS 2026) following an update from the event organizers. The company will now engage with clients and industry stakeholders at the exhibition, which is scheduled to take place from June 04, 2026 to June 06, 2026. This adjustment ensures the company's presence at South Asia’s largest and premier multimodal logistics exhibition and conference.

The event will be hosted at Hall 3 & 4, Bharat Mandapam, New Delhi. All other details regarding the company's participation, as disclosed in the earlier intimation, remain unchanged. Jet Freight Logistics has invited its esteemed stakeholders, customers, and visitors to connect with its representatives at Booth No. C19 during the three-day event.

Event Details

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on June 03, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.