Description

Rights issue closing date extended from September 9 to September 10, 2025 due to bank holiday and shareholder requests for better participation.

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 being a bank holiday and requests from eligible shareholders for additional time to participate.

Key Points

  • Rights issue closing date extended by one day to Wednesday, September 10, 2025
  • Original closing date was Tuesday, September 09, 2025
  • Extension approved due to bank holiday on September 8 and shareholder requests
  • Issue originally opened on Friday, August 29, 2025
  • No changes to LOF, CAF and ALOF documents except closing date and timeline modifications

Regulatory Changes

No regulatory changes - this is a procedural extension of an existing rights issue timeline.

Compliance Requirements

  • Eligible shareholders must submit duly filled CAF with payment by Wednesday, September 10, 2025
  • Shareholders entitled to participate should note the revised closing date
  • Company has fulfilled disclosure requirements under Regulation 30 of SEBI LODR 2015

Important Dates

  • Issue Opening: Friday, August 29, 2025
  • Revised Closing Date: Wednesday, September 10, 2025 (extended from September 9)
  • Basis of Allotment: 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

The one-day extension provides additional opportunity for eligible shareholders to participate in the rights issue. The extension is minimal and should not significantly impact the overall timeline or market operations. Post-issue activities have been adjusted accordingly with the allotment and listing schedule pushed forward appropriately.

Impact Justification

Extension affects existing shareholders' ability to participate in rights issue with revised timeline