Mumbai: Jaykay Enterprises Limited (JKE) on Monday announced the acquisition of 25 lakh additional preference shares, each with a face value of ₹100, in its wholly owned subsidiary, JK Defence & Aerospace Limited. The total acquisition value is ₹25,00,00,000, or ₹25 crore, completed on October 5, 2026.
Acquisition Details
The acquisition was made pursuant to a Rights Issue by JK Defence & Aerospace Limited. The consideration for these additional preference shares was paid in cash.
Impact on Shareholding
This acquisition does not alter JKE's ultimate shareholding in JK Defence & Aerospace Limited, which remains at 100%. JK Defence & Aerospace continues to operate as a wholly owned subsidiary of Jaykay Enterprises.
Company Background
JK Defence & Aerospace Limited is a public company incorporated on July 03, 2023. Its main business objective is the manufacture and trade of products related to defence and aerospace equipment. The company reported a turnover of nil as it is yet to commence operations.
Utilisation of Proceeds
The funds from this acquisition, received under the Rights Issue, will be utilised by JK Defence & Aerospace Limited as per the objects outlined in its Letter of Offer dated August 25, 2026.
Disclaimer: This story is based on company exchange filings and is for informational purposes only. Investors should evaluate risks before making decisions.
