Jet Freight Logistics Limited has issued a corrigendum to its notice for an Extra Ordinary General Meeting (EGM) scheduled for Friday, February 20, 2026, at 11:30 AM via video conference. This corrigendum amends the Special Resolution under Item No. 01 and related aspects of the Explanatory Statement. The EGM will consider the issuance of up to 4,06,07,750 warrants convertible into equity shares on a preferential basis to promoter group and non-promoter category individuals and entities. The warrants are proposed to be issued at ₹18 per warrant, aggregating up to ₹73,09,39,500. Each warrant will be convertible into one fully paid-up equity share of face value ₹5 at a premium of ₹13 per share within 18 months of allotment. The proceeds from this preferential issue are intended for working capital requirements, repayment of existing borrowings, and general corporate purposes. The company has also revised Note No. 9 regarding the appointment of a scrutinizer for the remote e-voting process and updated the Explanatory Statement with detailed information on the preferential issue, including the objects of the issue and the tentative timeline for utilization of funds. The shareholding pattern before and after the proposed issue has also been provided, indicating changes in the percentage of equity shares held by various categories of shareholders. The company has clarified the current and proposed status of the allottees and identified the ultimate beneficial owners and their post-preferential issue shareholding percentages.
