Jet Freight Logistics Limited said its board, on 5 June 2026, approved the allotment of 3,74,27,694 warrants at Rs 4.5 per warrant, being 25% of the issue price received upfront, aggregating Rs 16.84 crore.
The issue follows board approval of 20 January 2026, shareholder approval at an EGM on 20 February 2026, and in-principle approvals from BSE and NSE dated 21 May 2026. Warrant holders pay the balance on conversion into equity within the prescribed period.
Jet Freight Logistics is a logistics services company with a market value of about Rs 105 crore. Its shares rose about 9.7% on the day to around Rs 24, and are up about 54% over the past year.
The details are taken from Jet Freight’s board-meeting outcome filed with NSE and BSE on 5 June 2026. This note is for information only and is not investment advice.