Description
JOSTS ENGINEERING CO. LTD. announces rights issue of 5 equity shares for every 27 held at Rs. 270 per share with record date August 20, 2025.
Summary
JOSTS ENGINEERING CO. LTD. (Scrip Code: 505750) has announced a rights issue of equity shares with a record date of August 20, 2025. The company will issue 5 equity shares of Re. 1/- each at a premium of Rs. 269/- per share for every 27 existing equity shares held by shareholders.
Key Points
- Rights ratio: 5 new shares for every 27 existing shares held
- Issue price: Rs. 270 per share (Re. 1/- face value + Rs. 269/- premium)
- Record date: August 20, 2025
- Ex-rights trading begins: August 20, 2025
- Settlement number: DR-698/2025-2026
Regulatory Changes
No regulatory changes. This is a standard corporate action under existing BSE regulations for rights issues.
Compliance Requirements
- Trading members must execute transactions on ex-rights basis from August 20, 2025
- All equity share transactions must reflect the rights adjustment
- Trading members are required to take note of the record date and ex-rights provisions
Important Dates
- August 20, 2025: Record date for rights issue eligibility
- August 20, 2025: Ex-rights trading begins (Settlement DR-698/2025-2026)
Impact Assessment
The rights issue will dilute existing shareholding for those who do not participate. Shareholders will need to decide whether to exercise their rights, sell them, or let them lapse. The ex-rights adjustment will affect the stock’s trading price and volume patterns around the record date.
Impact Justification
Rights issue affects existing shareholders' ownership and requires trading adjustments