Jainam Ferro Alloys (I) Limited — QIP/Rights/Pref., 28-01-2025: Preferential issue

Jainam Ferro Alloys has announced a board meeting to approve a preferential issue of 1,150,000 warrants convertible into equity shares at an issue price of ₹221 each, aiming to raise up to ₹25.41 crore. The approved issuance is subject to shareholder approval during an Extraordinary General Meeting scheduled for February 24, 2025. The valuation report indicated a floor price of ₹2216.48 per share, ensuring the issue price meets regulatory requirements. The warrants can be converted into equity shares within 18 months of allotment.