Jet Solar has informed that the Board of Directors at its Meeting held today i.e. May 8, 2025, considered and approved the following; In continuation to letter dated October 9, 2024, with respect to allotment of warrants, and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (Listing Regulations), the Board of Directors of Jet Solar Limited (formerly known as Jet Infraventure) (Company) in their meeting held today Thursday, May 8, 2025, considered and approved the allotment of equity shares on conversion of 5,56,000 (Five Lakhs Fifty Sixty Thousand Only) warrants into 5,56,000 (Five Lakhs Fifty Sixty Thousand Only) equity shares at an issue price of Rs 21 (Rupees Twenty One only) (including a premium of Rs 11) each, to person belonging to the Non Promoter Category, on preferential basis, upon receipt of amount aggregating to Rs. 87,57,000 (Rupees Eighty Seven Lakhs Fifty Seven Thousand Only) (being 75% of the issue price Rs 15.75 per warrant) at the rate of Rs 21 (Rupees Twenty One only) per warrant from the allottee pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Following are the details of the allottees.
The above information is a part of company’s filings submitted to BSE.
