Jeevan Scientific Technology Unveils Rs. 30.74 Crore Capital Raising Plan
Jeevan Scientific Technology Limited (JSTL) has approved a capital raising plan of Rs. 30.74 crore through convertible warrants and equity shares. The plan includes issuing 35,00,000 convertible warrants at Rs. 40 per warrant and 41,85,000 equity shares at Rs. 40 per share. The warrants will be allotted to both promoters and non-promoters, while the equity shares are exclusively for non-promoters. The company also plans to increase its authorized share capital from Rs. 21 crore to Rs. 25 crore. An Extraordinary General Meeting is scheduled for November 12, 2025, to seek shareholder approval. Post-allotment, promoters' holding is expected to be 38.37%, with public holding at 61.63%.
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Jeevan Scientific Technology Limited (JSTL) has announced a significant capital raising initiative, as approved by its Board of Directors on October 15, 2025. The company plans to raise approximately Rs. 30.74 crore through a combination of convertible warrants and equity share issuances.
Key Highlights of the Capital Raising Plan
Convertible Warrants Issue:
- Up to 35,00,000 convertible warrants to be issued
- Issue price: Rs. 40.00 per warrant
- Total amount to be raised: Rs. 14.00 crore
- Allotted to both promoters and non-promoters
Equity Shares Issue:
- Up to 41,85,000 equity shares to be issued
- Issue price: Rs. 40.00 per share
- Total amount to be raised: Rs. 16.74 crore
- Allotted exclusively to non-promoters
Detailed Breakdown of the Proposed Allotment
Convertible Warrants Allotment
| Category | Allottee | Number of Warrants |
|---|---|---|
| Promoter | Krishna Kishore Kuchipudi | 12,00,000 |
| Promoter | K Vanaja | 6,00,000 |
| Promoter | Jeevan Krishna Kuchipudi | 6,00,000 |
| Promoter | Snigdha Mothukuri | 6,00,000 |
| Non-Promoter | 3 Decibels Properties Private Limited | 5,00,000 |
Top Equity Shares Allottees (Non-Promoters)
| Allottee | Number of Shares |
|---|---|
| Padmaja Private Trust | 15,00,000 |
| Alpha Financials | 5,00,000 |
| Shradha Bangad | 4,00,000 |
| Pranali Bangad | 3,00,000 |
| Sushma Bangad | 3,00,000 |
Additional Corporate Actions
Increase in Authorized Share Capital:
- From Rs. 21.00 crore to Rs. 25.00 crore
- New structure: 2,50,00,000 equity shares of Rs. 10.00 each
Adoption of New Memorandum of Association:
- To align with the Companies Act, 2013
Committee Reconstitution:
- Audit, Nomination and Remuneration, Stakeholder Relationship, Risk Management, and Corporate Social Responsibility committees have been reconstituted
Shareholder Approval and Regulatory Compliance
- An Extraordinary General Meeting (EGM) is scheduled for November 12, 2025, to seek shareholder approval for these proposals
- The preferential allotment is subject to regulatory approvals
Impact on Shareholding Pattern
Post-allotment, assuming full subscription and conversion of warrants:
- Promoters' holding: 90,24,585 equity shares (38.37%)
- Public holding: 1,44,94,380 equity shares (61.63%)
This capital raising initiative by Jeevan Scientific Technology Limited represents a strategic move to strengthen its financial position. The company's decision to offer a significant portion of the new securities to non-promoters could potentially lead to a more diverse shareholder base. Investors and market watchers will be keenly observing the outcome of the upcoming EGM and the subsequent steps in this capital raising process.
Historical Stock Returns for Jeevan Scientific Technology
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.80% | +2.52% | +0.80% | +61.33% | +22.26% | +79.74% |
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