Jet Freight Logistics Limited has announced an Extra-Ordinary General Meeting (EGM) scheduled for February 20, 2026, seeking shareholder approval for a significant warrant issuance under Regulation 30 of SEBI Listing Regulations. The meeting will be conducted through video conference at 11:30 AM (IST) to discuss the preferential allotment of convertible warrants.

Warrant Issuance Details

The company proposes to issue up to 4,26,32,750 convertible warrants at ₹18 per warrant, aggregating to ₹76,73,89,500. These warrants will be convertible into equity shares with a face value of ₹5.00 each at a premium of ₹13 per share within 18 months from the date of allotment.

Allottee Distribution

The warrant issuance includes both promoter group and non-promoter category investors. The promoter group allocation comprises three members from the Theknath family, while the remaining warrants will be distributed among 81 non-promoter investors including individuals and corporate entities.

Key Promoter Group Allottees:

• Tyra Richard Theknath: 74,13,333 warrants
• Tyrus Richard Theknath: 74,13,333 warrants
• Thea Richard Theknath: 74,13,334 warrants

Major Non-Promoter Allottees:

• Alphacap Advisors Private Limited: 33,00,000 warrants
• Alphacap Corporate Services Private Limited: 17,50,000 warrants
• Pankaj Lachhman Khatwani: 10,00,000 warrants
• Shrawan Kumar Babulal Jajodia: 10,00,000 warrants

Pricing and Valuation

The warrant pricing has been determined in accordance with SEBI (ICDR) Regulations. The relevant date for price calculation is January 21, 2026, being 30 days prior to the EGM date. The floor price based on volume weighted average price calculations is ₹17.62 per equity share, making the proposed issue price of ₹18 per warrant compliant with regulatory requirements.

Use of Proceeds

The company intends to utilize the proceeds from the warrant issuance for:

• Working capital requirements
• Repayment and/or prepayment of existing borrowings
• General corporate purposes

Shareholding Impact

Post-conversion of all warrants, the company's shareholding pattern will see the promoter group holding increase to 51.51% from the current 50.92%. The total number of equity shares will expand to 8,90,36,534 from the existing 4,64,03,784 shares.

Meeting and Voting Details

The EGM notice has been dispatched to shareholders and is available on the company's website. Shareholders can participate through video conference and cast their votes electronically. The remote e-voting period will commence on February 17, 2026 at 9:00 AM and conclude on February 19, 2026 at 5:00 PM. The cut-off date for determining eligible shareholders is February 13, 2026.

The warrant allotment, subject to shareholder approval, must be completed within 15 days of passing the special resolution. The warrants will be subject to lock-in provisions as per SEBI regulations, and the conversion into equity shares can be exercised at any time within the 18-month period from allotment.

Jet Freight Logistics Limited has announced that its Board of Directors will meet on February 02, 2026, to review and approve the company's quarterly financial performance. The meeting represents a key milestone in the company's regular financial reporting cycle and regulatory compliance obligations.

Board Meeting Details

The scheduled board meeting will address several important agenda items for the logistics company. The primary focus will be on reviewing the financial performance for the recently concluded quarter and nine-month period.

Financial Results Review

The board will consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. This comprehensive review will provide stakeholders with insights into the company's operational and financial performance across both individual entity and group levels. The meeting agenda also includes provisions for discussing other matters that may require board attention.

Trading Window Restrictions

In accordance with the company's Code of Conduct for Prevention of Insider Trading, Jet Freight Logistics Limited has implemented a trading window closure effective from January 01, 2026. This measure ensures compliance with insider trading regulations and maintains market integrity during the period leading up to the financial results announcement.

Regulatory Compliance

The announcement has been made pursuant to Regulation 29(1)(a) of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. This notification ensures that all stakeholders, including investors and regulatory authorities, are informed about the upcoming board meeting and its agenda items. The company has also made this information available on its official website at www.jetfreight.co , demonstrating transparency in its communication practices.

The logistics company continues to maintain its commitment to regulatory compliance and corporate governance standards through timely disclosures and adherence to established protocols. The upcoming board meeting represents another step in the company's regular financial reporting and governance processes.