Jayant Infratech Limited has announced the forfeiture of ₹4.5 crore from 15.92 lakh convertible warrants that were not exercised within the stipulated 18-month deadline. The company had initially allotted 22.22 lakh convertible warrants to eight allottees at ₹113 per warrant, collecting a 25% upfront payment totaling ₹6.28 crore.

Unexercised Warrants

According to the company's filing with the BSE, three allottees failed to convert their warrants, totaling 15.92 lakh units, by the deadline of August 22, 2025. The allottees who did not exercise their conversion options are:

1. Bindu Ashwin Gandhi
2. Kaushal Ashwin Gandhi (HUF)
3. Evolution Capital Advisory Services Private Limited

Forfeiture Details

The forfeited amount represents the initial subscription money paid at the time of warrant allotment. The breakdown of the forfeited amounts is as follows:

Regulatory Compliance

The forfeiture is in accordance with Regulation 169(3) of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Jayant Infratech Limited has duly informed the BSE of this development as part of its compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Statement

Nilesh Jobanputra, Managing Director of Jayant Infratech Limited, signed the intimation to the BSE, stating that the company had initially informed about the warrant allotment on February 22, 2024. The 18-month period for conversion ended on August 22, 2025, after which the company proceeded with the forfeiture of the upfront amounts for the unexercised warrants.

This development may impact the company's capital structure and could be of interest to investors and market analysts tracking Jayant Infratech Limited's financial position and equity dilution plans.

Jayant Infratech Limited has secured a significant ₹34.00 crore Engineering, Procurement, and Construction (EPC) contract from DCC Infra Projects Limited for railway infrastructure development in Assam. This contract marks an important milestone in the company's growth trajectory within the railway sector.

Contract Details

The newly awarded contract involves the following key aspects:

• Project Scope: Doubling of track and electrification works for a 45.278 km stretch between Naojan and Furkating
• Specific Tasks: Design, drawings, erection, testing, and commissioning of overhead electrical (OHE) systems
• Project Location: From Km 285.860 (Naojan) to Km 330.043 (Furkating)
• Contract Value: ₹33,99,99,945.01 (inclusive of all duties and taxes)
• Completion Deadline: July 2027

This project is part of the larger Lumding-Tinsukia Junction-Dibrugarh Doubling Project under the Northeast Frontier Railway in Assam.

Project Significance

The contract represents a strategic win for Jayant Infratech Limited in the railway infrastructure sector. It aligns with the company's core competencies and is considered part of its ordinary course of business. The project contributes to the development of crucial transportation links in Northeast India, potentially impacting the company's financial performance and market position in the coming years.

Regulatory Compliance and Corporate Governance

Jayant Infratech has disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. This demonstrates the company's commitment to transparency and regulatory adherence.

Importantly, the contract does not involve any related party transactions or interests from the promoter/promoter group companies, underscoring the arm's length nature of the deal and reinforcing the company's commitment to ethical business practices.

As Jayant Infratech Limited embarks on this significant project, it not only strengthens its position in the railway infrastructure sector but also contributes to the broader development of India's transportation network.