Jet Freight Logistics Limited — Important, 03-04-2025: Updates

Jet Freight Logistics Limited has decided not to proceed with the allotment of share warrants due to unfavorable market conditions. Despite receiving in-principal approval from both the National Stock Exchange and BSE for converting equity shares for promoters and non-promoters on a preferential basis, there has been a lack of willingness from participants to subscribe to the warrants. This decision could have implications for the company’s capital-raising efforts and future liquidity. Investors should watch closely how this development affects the company's strategic plans and financial health moving forward.