Jayant Agro Organics Limited — Important, 02-12-2024: Updates

The Scheme of Merger by Absorption between Jayant Finvest Limited and Jayant Agro-Organics Limited has been sanctioned by the National Company Law Tribunal. As part of the process, 1,81,64,000 equity shares of Rs. 5 each held by the Transferor Company have been cancelled, and an equal number of fully paid-up equity shares of Rs. 5 each have been allotted to the shareholders of Jayant Finvest Limited. The company’s issued, subscribed, and paid-up capital remains unchanged at Rs. 15 Crores, divided into 3,00,00,000 equity shares of Rs. 5 each. This transaction maintains the promoter’s shareholding percentage at 67.12%. Investors should watch closely for any impacts on market sentiment following the merger process.