Description

Josts Engineering Company Limited extends its rights issue closing date 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 Tuesday, September 9, 2025 to Wednesday, September 10, 2025. The extension was approved by the Rights Issue Committee on September 6, 2025, due to Monday, September 8, 2025 being a bank holiday and multiple requests from eligible shareholders for additional time.

Key Points

  • Rights issue closing date extended by one day to September 10, 2025
  • Extension approved by Rights Issue Committee meeting held on September 6, 2025
  • Decision made due to bank holiday on September 8, 2025 and shareholder requests
  • No changes to LOF, CAF and ALOF documents except for closing date modification
  • Issue originally opened on Friday, August 29, 2025

Regulatory Changes

No regulatory changes announced. 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 in rights issue must note the revised closing date
  • Company has informed BSE as per Regulation 30 of SEBI LODR Regulations, 2015

Important Dates

  • Issue Closing Date (Revised): Wednesday, September 10, 2025
  • 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 eligible shareholders with additional time to participate in the rights issue, potentially improving subscription rates. The impact is moderate as it only affects the immediate timeline without changing fundamental terms. The extension demonstrates company responsiveness to shareholder needs while maintaining compliance with regulatory requirements.

Impact Justification

Extension provides eligible shareholders additional time to participate in rights issue, moderate impact on timeline