Jattashankar Industries Approves ₹79.99 Cr Preferential Warrant Issue, Raises Authorised Capital

Jattashankar Industries held a meeting of its Board of Directors on Tuesday, May 12, 2026, at its Registered Office located at 11, Parasrampuria Apartment, Film City Road, Gokuldham, Goregaon (East), Mumbai – 400 063. The meeting commenced at 12:00 P.M. and concluded at 12:30 P.M. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed the stock exchange of the outcome of this meeting. The Board considered and approved several significant corporate actions, including an increase in authorised share capital and a preferential issue of convertible warrants.

Increase in Authorised Share Capital

The Board approved an increase in the Authorised Share Capital of the company from Rs. 10,50,00,000/- (Rupees Ten Crores Fifty Lakhs Only), divided into 1,05,00,000 (One Crore Five Lakhs) Equity Shares of Rs. 10/- each, to Rs. 13,10,00,000/- (Rupees Thirteen Crores Ten Lakhs Only), divided into 1,31,00,000 (One Crore Thirty-One Lakhs) Equity Shares of Rs. 10/- each. This change is subject to approval of the shareholders through Postal Ballot and will also entail a consequent alteration of the Capital Clause of the Memorandum of Association of the Company.

Parameter: Details Existing Authorised Capital: Rs. 10,50,00,000/- (1,05,00,000 Equity Shares of Rs. 10/- each) Revised Authorised Capital: Rs. 13,10,00,000/- (1,31,00,000 Equity Shares of Rs. 10/- each) Subject To: Shareholder approval via Postal Ballot

Preferential Issue of Convertible Warrants

The Board approved raising of funds aggregating up to Rs. 79,99,40,000/- (Rupees Seventy-Nine Crores Ninety-Nine Lakhs Forty Thousand Only) through the issuance of up to 86,95,000 (Eighty-Six Lakhs Ninety-Five Thousand) Convertible Warrants, each convertible into one fully paid-up Equity Share of face value Rs. 10/- each. The warrants are priced at Rs. 92/- per Warrant, including a premium of Rs. 82/- per Warrant, on a preferential basis, in one or more tranches. The allotment is proposed to persons/entities belonging to the "Promoter and Promoter Group" category and "Non-Promoter" category, subject to shareholder and other statutory/regulatory approvals.

Parameter: Details Total Warrants: Up to 86,95,000 Convertible Warrants Face Value: Rs. 10/- per Equity Share Issue Price per Warrant: Rs. 92/- (including premium of Rs. 82/-) Total Fund Raise: Up to Rs. 79,99,40,000/- Allottee Categories: Promoter & Promoter Group; Non-Promoter Relevant Date: Tuesday, May 12, 2026 Conversion Period: Within 18 months from date of allotment Upfront Payment: 25% of total issue price at allotment Balance Payment: 75% at time of conversion into Equity Shares Valuation Report: M/s. Procurve Valux Private Limited (Reg. No. IBBI/RV-E/02/2025/218), Ahmedabad

In accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, 25% of the total issue price of the Warrants shall be payable upfront at the time of allotment, and the balance 75% shall be payable at the time of conversion into Equity Shares. In the event the balance consideration is not paid within 18 months, the amount already paid shall stand forfeited and the Warrants shall lapse.

Proposed Allottees

The Board has identified 58 proposed allottees across the Promoter & Promoter Group and Non-Promoter categories. The key allottees and their respective warrant allocations are detailed below:

Sr. No.: Name of Proposed Allottee No. of Convertible Warrants 1. Keshwala Panisha Rajeshbhai 2,50,000 2. Keshwala Rishi Rajeshbhai 2,50,000 3. Kamalkishore Valaitiram Handa 2,50,000 4. Lakhmanbhai Bhurabhai Odedara 3,00,000 5. Jebaliya Vimlaben Vijaybhai 3,50,000 6. Jebaliya Aditya Vijaybhai 1,50,000 7. Ashokkumar Raghuram Thakker 75,000 8. Odedra Hiteshbhai Rajabhai 1,00,000 9. Veerrajbhai Bhabhlubhai Vala 1,00,000 10. Vasoya Dipakbhai B 1,00,000 11. Gida Deshubhai Lakhubhai 2,00,000 12. Mahesh Alabhai Odedra 2,00,000 13. Odedra Minaben Mahesh 75,000 14. Odedra Varun 75,000 15. Gida Mahavirbhai Aligbhai 75,000 16. Thakkar Khushi Dharmeshbhai 2,00,000 17. Thakkar Chetanaben Dharmeshkumar 2,00,000 18. Magestic Capital Finance Advisory Private Limited 11,00,000 19. Thaker Hemantkumar Labhshankar 75,000 20. Gida Vishvajeet Devayatbhai 75,000 21. Gida Raviraj Aaligbhai 75,000 22. Gida Harapalsinh Devayatbhai 75,000 23. Rajabhai Bhura Odedra 3,00,000 24. Ajay Dadubhai Jebaliya 1,00,000 25. Vijay Dadubhai Jebaliya HUF 2,25,000 26. Vishal Mahendrabhai Thekdi 1,50,000 27. Ripalben V Thekadi 1,50,000 28. Dahyabhai Mafatlal Patel 2,00,000 29. Patel Prafulaben D 2,00,000 30. Patel Pratik Pravinkumar 1,50,000 31. Patel Nidhi Pratik 75,000 32. Desai Lalji Gandabhai 25,000 33. Chauhan Gajendrasinh Ranjitsinh 40,000 34. Digvijaysinh Chauhan HUF 50,000 35. Prabodh Natvarlal Patel 50,000 36. Prabodh N Patel HUF 75,000 37. Finvention Finvest Private Limited 3,00,000 38. Spazioa Formulations Limited 2,00,000 39. Alantis Comtrade LLP 1,50,000 40. Alantis Exim LLP 1,50,000 41. OTP Tradex LLP 1,50,000 42. Alantis Globe LLP 1,50,000 43. OTP Advisory LLP 1,50,000 44. Mukesh Ladha 1,00,000 45. Murli Manohar Ladha 1,00,000 46. Pioneer Trading 1,00,000 47. Venture Global Traders 1,00,000 48. Fusion Commerce Hub 1,00,000 49. Plus Trading Co 1,00,000 50. Jai Balaji Trading Co 1,00,000 51. Global Commerce HUB 1,00,000 52. Mamta Ladha 1,00,000 53. Sushil Kumar Ladha 1,00,000 54. Sushil Ladha-HUF 75,000 55. Shobha 1,00,000 56. Pushpadevi Ladha 50,000 57. Madan Gopal Ladha 55,000 58. Madan Gopal Ladha (HUF) 25,000 Total: 86,95,000

Upon full conversion of all 86,95,000 Warrants into Equity Shares, the post-preferential shareholding of all allottees combined would amount to 66.46% of the expanded share capital.

Postal Ballot Process

The Board also approved seeking shareholder approval through Postal Ballot by way of remote e-voting, along with the draft Postal Ballot Notice and its explanatory statement. The schedule approved for the Postal Ballot process is as follows:

Sr. No.: Particulars Date 1. Cut-off date for dispatch of Postal Ballot Notice and E-voting entitlement Friday, May 8, 2026 2. Commencement of Remote E-voting 09:00 A.M. (IST), Wednesday, May 13, 2026 3. End of Remote E-voting 05:00 P.M. (IST), Thursday, June 11, 2026

Trading Window Closure

In accordance with Clause 4 of Schedule B of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and the company's Code of Conduct for Prevention of Insider Trading, the trading window for dealing in the equity shares of the company by designated persons and insiders shall remain closed from April 1, 2026, until 48 hours after the conclusion of the meeting.

The disclosure was signed by Keval Jayanti Khudai, Managing Director (DIN: 11153664) on May 12, 2026.

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