Jaykay Enterprises Ltd

ISIN allocation for rights issue

• ISIN IN9903A01015 for partly paid-up equity shares (Re 0.50 paid-up, Re 1 face) credited after application money receipt.
• ISIN INE903A20025 for Rights Entitlement credited before issue opening.

Rights Issue details

• Purpose: Rights Issue of partly paid-up equity shares to eligible shareholders.
• Security: Partly paid-up equity shares, Re 0.50 paid-up, face value Re 1.
• Record Date: to determine entitlement to the Rights Issue.
• Rights issue size: up to Rs 154,28,73,150; full subscription Rs 77,14,36,575.
• Rights entitlement ratio: 3 rights for every 19 equity shares.
• Issue price: Rs 75 per Rights share; premium Rs 74.
• Opening date: Sep 7, 2026; last on-market renunciation Sep 15, 2026.
• Off-market transfer closure: Sep 17, 2026; issue closing Sep 18, 2026.
• Record-date entitlements to be credited in demat via NSDL/CDSL arrangements.
• Rights Issue subject to applicable laws; post-subscription shares expected 15,08,58,708.

Rights Issue Committee update

• Rights Issue Committee to consider issue price, entitlement ratio, and other modalities.
• Meeting scheduled for August 20, 2026.
• Rights issue involves partly paid-up equity shares of Re 1 face value.
• Earlier board approval on July 13, 2026 for the rights issue.
• Trading window closed from Aug 18, 2026 until 48 hours post-meeting.

Issue Overview

• Type and securities: Rights Issue, equity shares.
• Net proceeds: not specified; no undersubscription indicated.
• Objectives: capex (plant, land, building, labs), loan repayment, working capital, general corporate purposes.

Utilisation of Proceeds

• Utilisation as disclosed: Yes; however progress shows delays.
• No material deviation observed from disclosed objects.
• Means of finance unchanged; no changes observed.
• Progress: utilisation is delayed; complete deployment not achieved.
• Shareholder approvals obtained for revised costs.
• Board approvals for allocation not explicitly stated.
• Statutory approvals not required.
• GCP: no funds utilised toward GCP in this period.
• Total unutilised proceeds: 11.29 Cr.
• Unutilised by object: JK Defence approx 3.04 Cr.
• Unutilised by object: JK Digital approx 6.39 Cr.
• Unutilised by object: General Corporate Expenses approx 1.86 Cr.

Governance and Compliance

• Statutory approvals not required; shareholder approvals obtained for revised costs.
• No material events affecting viability observed.
• Board approvals for allocation not explicitly stated; revisions approved by shareholders.

General Corporate Purpose

• GCP utilisation: no funds used toward this object in this period.

Key financial highlights

• Consolidated Q1 FY2026-27 revenue 7,463 Lakh; Operating EBDITA 1,062 Lakh.
• Defence & Aerospace revenue 579 Lakh; EBITDA 73 Lakh.
• Digital Manufacturing revenue 903 Lakh; EBITDA 59 Lakh.
• Digital Services revenue 5,981 Lakh; EBITDA 930 Lakh.
• YoY revenue growth 35%; YoY EBITDA growth 54%; QoQ revenue growth 22%.

Business highlights

• Devanahalli Project on track for commissioning by Q4 FY2026-27.
• Pune plant ramping up; warheads and shells business gaining traction.
• Allen Reinforced Plastics facility certified AS9001; NABL labs accreditation.
• Medical implants: certifications in place; CDSO approvals in process.
• Defence: Additive manufacturing products in development for existing customers.
• Discussions with global suppliers for medical-grade titanium and 3D printing machines.

Outlook and management commentary

• Outlook remains robust; momentum in revenues and profitability expected to continue.
• Management notes Devanahalli progress and positive response to Medical Implants.

Certification details

• Allen Reinforced Plastics Ltd obtained AS9100:D and ISO 9001:2015 certifications.
• Scope covers design, development, manufacturing, assembling and testing of FRP products.
• Certification issued by Intertek Testing Services NA, Inc.
• Initial certification date: 10 August 2026.
• Certificate issue date: 10 August 2026.
• Certificate expiry date: 09 August 2029.
• Main site: Hyderabad, 155/B/1 & 2, IDA Bollaram.
• Certificate number: 0253647-00.
• Allen is a step-down subsidiary of Jaykay Enterprises Ltd.
• Provides immediate advantages for tender eligibility and defense/industrial market expansion.

Meeting Details

• Board meeting on Friday, August 14, 2026.

Key Agenda Items

• Approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results declaration, remains closed August 16, 2026.

Enhancement of Corporate Guarantee

• Enhancement of Corporate Guarantee to Rs 56.27 crore for Allen Reinforced Plastics Limited.
• Original guarantee of Rs 29.22 crore replaced; new cap equals Rs 56.27 crore.
• Agreement executed on July 20, 2026.
• Allen is a step-down subsidiary; guarantee covers enhanced credit facilities.
• Promoter group has no interest; arrangement is at arm's length.
• Guarantee constitutes a contingent liability for the company.
• Regulatory disclosure under Regulation 30; Annexure A attached.

Rights Issue update

• Rights Issue Committee deferred consideration of price, entitlement ratio, and modalities until in-principle stock exchange approvals are obtained.
• Decision postponed pending approvals from BSE and NSE; meeting decisions to follow once approvals are granted.