Description
Rights Issue Committee extends the closing date of ongoing rights issue from September 9 to September 10, 2025 due to bank holiday and shareholder requests.
Summary
Josts Engineering Company Limited (Scrip Code: 505750) has extended the closing date of its ongoing Rights Issue from September 9, 2025 to September 10, 2025. The extension was approved by the Rights Issue Committee on September 6, 2025, citing Monday September 8 as a bank holiday and multiple shareholder requests for extension.
Key Points
- Rights Issue Committee meeting held on September 6, 2025 (6:00 PM - 6:45 PM)
- Original closing date: September 9, 2025
- Extended closing date: September 10, 2025
- Issue opened on August 29, 2025
- Extension granted due to bank holiday and shareholder requests
- No changes to LOF, CAF and ALOF documents except closing date modification
Regulatory Changes
No regulatory changes - purely procedural extension of existing rights issue timeline.
Compliance Requirements
- Eligible shareholders must submit duly filled CAF with application amount by September 10, 2025
- Company has fulfilled disclosure requirements under Regulation 30 of SEBI LODR 2015
Important Dates
- Issue Opening: Friday, August 29, 2025
- Extended Issue Closing: Wednesday, September 10, 2025
- Basis of Allotment Finalization: Thursday, September 18, 2025 (on or about)
- Date of Allotment: Friday, September 19, 2025 (on or about)
- Date of Credit: Tuesday, September 23, 2025 (on or about)
- Date of Listing: Wednesday, September 24, 2025 (on or about)
Impact Assessment
Limited market impact as this is a procedural extension. Provides eligible shareholders additional time to participate in the rights issue, potentially improving subscription levels. The one-day extension accommodates the bank holiday and addresses shareholder concerns without materially affecting the overall rights issue process.
Impact Justification
Procedural extension affecting shareholder participation timeline in ongoing rights issue