Jetmall Spices and Masala Ltd — Important, 28-10-2025: Company Update

Jetmall Spices and Masala shared that the BSE rejected its application for in-principle approval to issue 1,52,82,000 convertible equity warrants. The BSE indicated the issue's stated purpose of providing financial assistance to startups was not aligned with the company's core business of spices and foodgrains as per its foundational documents. Additionally, BSE raised concerns about the proposed Rs. 35.14 Cr issue size significantly exceeding the current Rs. 9.05 Cr balance sheet. The company is now evaluating its options and will provide updates on further developments.