Jet Freight Logistics Limited has issued a corrigendum to the notice of its Extra Ordinary General Meeting (EGM) scheduled for Friday, February 20, 2026. The EGM will be held at 11:30 AM via video conference or other audio-visual means. The corrigendum pertains to amendments in the Special Resolution under Item No. 01 and related Explanatory Statement details. The primary focus is on the preferential issue of up to 4,06,07,750 warrants convertible into equity shares, to be issued to promoter group and non-promoter category. The total issue size for these warrants is up to ₹73,09,39,500, with each warrant priced at ₹18. These warrants will be convertible into one fully paid-up equity share of face value ₹5 each, at a premium of ₹13 per share, within 18 months from the allotment date. The proceeds from this preferential issue are intended for working capital requirements (₹55 crore), repayment of existing borrowings (₹6 crore), and general corporate purposes (₹12.09 crore). The timeline for utilization of these funds ranges from 12-18 months for working capital and general purposes, and within the current or succeeding financial year for debt repayment. The company has also revised Note No. 9 regarding the appointment of M/s. Parikh & Associates as scrutinizers for the remote e-voting process. The shareholding pattern before and after the preferential issue has been detailed, showing a post-issue shareholding of approximately 52.71% for the promoter group and 47.29% for public shareholders. All other terms and contents of the original EGM notice dated January 20, 2026, remain unchanged, except as detailed in the corrigendum. The corrigendum will be available on the company's website, www.jfll.com.
