JTEKT India Limited's board has approved a rights issue of 23,116,407 equity shares at a price of ₹108.10 per share, including a premium of ₹107.10, to raise up to ₹249.89 crore. The rights issue is available to shareholders holding equity shares as of the record date, July 25, 2025, with an entitlement ratio of 1 rights equity share for every 11 fully paid-up equity shares held.
| Particulars | Details |
|---|---|
| Instrument | Fully paid-up Equity Shares of face value of ₹1 each |
| Rights Issue Shares | 23,116,407 |
| Rights Issue Price | ₹108.10 per share (including a premium of ₹107.10) |
| Rights Issue Size | Up to ₹249.89 crore |
| Record Date | July 25, 2025 |
| Rights Entitlement Ratio | 1:11 |
| Issue Opening Date | August 4, 2025 |
| Closure of REs trading (Last date for on market renunciation of Rights Entitlement) | August 7, 2025 |
| Last date for off market renunciation of Rights Entitlement | August 11, 2025 |
| Issue Closing Date | August 12, 2025 |
| ISIN for Rights Entitlement | INE643A20019 |
Rights Issue Details
The eligible shareholders will receive Rights Entitlements (REs) in their demat accounts under ISIN INE643A20019. These REs can be used to apply for the Rights Issue or can be renounced either through the secondary market platform or via off-market transfer within the specified timelines. If no application is made by the RE holders by the Issue Closing Date, the REs will lapse.
Timeline and Procedure
The Rights Issue opens on August 4, 2025, and closes on August 12, 2025. The last date for on-market renunciation of Rights Entitlement is August 7, 2025, while the last date for off-market renunciation is August 11, 2025. The board retains the right to extend the Issue closing date, provided the Issue Period does not exceed 30 days from the Issue Opening Date.
Share Capital Structure
Prior to the Rights Issue, the outstanding equity shares of the company are 254,280,483. Post the Rights Issue, assuming full subscription, the total number of equity shares will increase to 277,396,890.
Additional Information
The meeting of the Board of Directors was held on July 21, 2025, commencing at 03:15 p.m. IST and concluding at 04:05 p.m. IST. Further details regarding the Rights Issue, including fractional entitlement and zero entitlement, are available in the Letter of Offer on the company's website.
