JTEKT India has received approval for the fund raising by way of offer and issuance of fully paid-up equity shares of the company having face value of Rs 1 each for an amount not exceeding Rs 250 crore by way of a rights issue (Rights Issue) to the eligible equity shareholders of the Company, as may be permitted under applicable laws including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with the relevant circulars issued by the SEBI and subject to receipt of regulatory/ necessary approvals, as may be required under the applicable laws. The Board of Directors of the company at its meeting held on July 15, 2025, approved the same.
JTEKT India is engaged in the business of manufacturing / production, supply and sale of steering systems, axles and other auto ancillaries to almost all Indian passenger car and utility vehicle manufacturers.
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