Jaykay Enterprises Rights Issue 2026: Dates, ₹75 Price

What has been announced

Jaykay Enterprises Ltd has lined up a rights issue of partly paid-up equity shares, offering existing shareholders the chance to subscribe to additional shares at a fixed price. The rights issue size is stated as 2.06 crore equity shares, with the issue amount shown at about ₹154.28 crore to ₹154.29 crore across the details provided. The issue price is ₹75 per share, and the face value is repeatedly stated as ₹1 per share in multiple places, although one offer-details table also mentions a face value of ₹10 per share. The rights issue is scheduled to open on September 7, 2026 and close on September 18, 2026. The record date for determining eligible shareholders is August 28, 2026, with the entitlement ratio set at 3 rights equity shares for every 19 fully paid-up equity shares held. The company has also noted that investors may apply using their rights entitlements (REs) or sell the REs on the exchange.

Key terms: issue size, price, and entitlement ratio

The rights issue involves 2,05,71,642 partly paid-up equity shares, which is also presented as 2.06 crore shares. The issue price is ₹75 per share, including a premium of ₹74 as per the issue price table shared in the provided information. On entitlement, eligible shareholders are offered 3 rights shares for every 19 shares held as of the record date. This is shown as a 3:19 ratio in the offer details. The listing venues are mentioned as BSE and NSE in one section, while another section references listing on BSE. The company identifiers cited include BSE Code 500306 and NSE Code JAYKAY.

Important dates investors should track

The schedule shared includes a last date to buy shares of August 27, 2026 and a record date of August 28, 2026. The rights issue opens on September 7, 2026 and closes on September 18, 2026. A renunciation window is also provided, with on-market renunciation of rights entitlements allowed until September 15, 2026. Off-market transfers are stated to cease on September 17, 2026. The deemed date of allotment is indicated only as “2026” in the information provided, without a specific day and month. This set of dates matters because eligibility depends on holdings on the record date, while RE trading and renunciation depend on the renunciation cut-offs.

How the partly paid structure and payments work

The rights issue is described as “partial” and “partly paid-up” under terms of payment. One section states “₹75 per share payable on application, with the balance payable in call(s),” which implies staged payments but does not specify the split. Another table provides a specific split: an application amount of ₹37.50 per share and call money of ₹37.50 per share payable in one or more subsequent calls. That same section adds that the remaining amount will be collected in calls as determined by the Board. Because the materials provide both formulations, investors typically rely on the final Letter of Offer for the definitive payment schedule and call timelines.

Registrar and application routes

Alankit Assignments Ltd is named as the Registrar to the Issue. The application modes listed include Net Banking (ASBA) and the Registrar’s Website via the R-WAP facility. The information also notes that investors can use their rights entitlements to apply for rights shares or sell the entitlements on the exchange. As with most rights issues, the operational process and cut-off timings are expected to be detailed in the Letter of Offer. The text provided indicates that the Letter of Offer for Jaykay Enterprises Rights Issue 2026 can be downloaded.

Timeline: board approvals and offer document trail

The rights issue process described includes multiple milestones. A Draft Letter of Offer dated July 13, 2026 is cited, with a BSE source item dated July 14, 2026. The company’s Board of Directors is stated to have approved the fund-raising on July 13, 2026. Separately, the Rights Issue Committee is stated to have met on August 20, 2026 and approved a price of ₹75 per partly paid-up equity share, targeting a raise of up to ₹154.28 crore. Early draft commentary in the supplied text also notes that the record date and commercial terms were “not yet announced” at that time, indicating that the terms were firmed up later.

Use of proceeds mentioned in the details

The supplied information includes a stated use of proceeds: investment in the subsidiary JK Defence & Aerospace of ₹118.86 crore, alongside general corporate purposes. No further breakup is provided in the text, and there is no project timeline or capex schedule mentioned in the extract. Since rights issues can be structured for multiple objectives, investors generally look for the final offer document’s detailed objects of the issue and risk factors. Here, the subsidiary investment line item is the clearest stated destination for proceeds in the material provided.

Financial snapshot included in the material

A summary table in the provided text lists revenue, expenses, and net income for FY 2024 to FY 2026. These figures are stated in ₹ crore. According to that table, revenue is ₹53 crore (FY24), ₹81 crore (FY25), and ₹258 crore (FY26). Expenses are ₹49 crore (FY24), ₹81 crore (FY25), and ₹216 crore (FY26). Net income is shown as ₹10 crore (FY24), ₹7 crore (FY25), and ₹216 crore (FY26), with ROCE at 2%, 1%, and 8% respectively. The extract does not provide an audit note, segment mix, or explanatory commentary for the sharp changes shown in FY26.

Summary table: key facts from the announcement

What shareholders should watch next

Shareholders typically focus on three practical points in a partly paid rights issue: the eligibility cut-off (record date), the ability to renounce or sell REs within the stated windows, and the cash flow impact of call money. In this case, the payment structure is described as partial, with one table specifying ₹37.50 payable on application and ₹37.50 as call money. The company also provides a renunciation timeline, separating on-market and off-market deadlines. Investors will also track the final Letter of Offer for final operational timelines, including the basis of allotment and listing/credit dates, which are not fully specified in the provided extract.

Conclusion

Jaykay Enterprises’ rights issue is structured as a partly paid offering at ₹75 per share, with eligibility based on holdings as of August 28, 2026 and subscription open from September 7 to September 18, 2026. The entitlement ratio is 3:19, and the materials also outline renunciation deadlines up to mid-September. The next concrete step for shareholders is to refer to the Letter of Offer for final, authoritative details on payment calls, allotment timelines, and exchange-specific procedures.