Jetmall Spices and Masala Ltd — Important, 01-09-2025: Company Update

JETMALL SPICES AND MASALA LIMITED's Board has approved a preferential allotment of up to 1.53 Cr warrants. Each warrant, priced at Rs. 23, is convertible into one equity share, with the total issue aggregating to Rs. 35.15 Cr. Bridge India Fund, a non-promoter, will be the sole allottee. This move is a significant capital infusion for the company's funding and could lead to substantial dilution for existing shareholders, as Bridge India Fund's stake is projected to reach 71.83% upon full conversion of these warrants.