Josts Engineering Announces ₹50 Crore Rights Issue
Josts Engineering Company Limited has announced a rights issue to raise up to ₹49.95 crore. The company will issue up to 18,50,000 equity shares at ₹270 per share, with a rights entitlement ratio of 5:27. The issue opens on August 29, 2025, and closes on September 9, 2025. Proceeds will primarily fund working capital requirements (₹43.58 crore) and general corporate purposes (₹5.57 crore). In FY2025, the company reported a 27.5% increase in revenue to ₹238.91 crore and a 77.2% rise in net profit to ₹17.54 crore.
13Aug 25
Josts Engineering Unveils ₹49.95 Crore Rights Issue at ₹270 Per Share
Josts Engineering Company Limited has finalized terms for a rights issue to raise up to ₹49.95 crore. The company will offer 18,50,000 equity shares at ₹270 per share, with a ratio of 5 shares for every 27 held. The rights issue opens on August 29, 2025, and closes on September 9, 2025, with the record date set for August 20, 2025. Post-issue, assuming full subscription, the company's share capital will increase from 99,78,730 to 1,18,28,730 equity shares. Provisions have been made for fractional entitlements and small shareholders.
08Aug 25
Josts Engineering Company Limited Sets Rights Issue Committee Meeting for August 13, 2025
Josts Engineering Company has announced a Rights Issue Committee meeting for August 13, 2025, to determine key aspects of their upcoming rights issue. The committee will decide on the issue price, size, payment terms, record date, and rights entitlement ratio. They will also review the Letter of Offer. This follows the Board's approval of the equity shares rights issue on January 28, 2025. The company's trading window will remain closed from July 1, 2025, until 48 hours after the Board Meeting approving Q2 2025 financial results.
06Aug 25
Jost's Engineering Company Secures BSE Approval for Rights Issue
Josts Engineering Company Limited has received in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares. The approval, granted on August 5, allows the company to use BSE's name in its Letter of Offer and provides in-principle approval for listing the equity shares to be issued. The company must meet specific conditions, including adding disclaimer clauses, fixing a record date, disclosing the rights issue price, and complying with post-issue requirements. The company's Company Secretary confirmed the receipt of the approval letter in a filing dated August 6.