Jetking Infotrain Limited has announced the withdrawal of its previously approved proposal for a preferential issue of equity shares. The decision, made by the Board of Directors on November 4, 2026, cites prevailing market conditions as the reason for not proceeding with the fund-raising initiative. The company has also withdrawn its application for in-principle approval from BSE Limited for this preferential allotment.
Preferential Issue Withdrawal
Jetking Infotrain Limited has decided to withdraw its proposal for a preferential issue of equity shares. The company’s Board of Directors, in a meeting held on November 4, 2026, approved this withdrawal. This decision comes after the company had initially sought to raise funds through the issue of up to 4,60,000 equity shares at an issue price of ₹250 per share, aiming to raise approximately ₹11.50 crore.
Reasons for Withdrawal
The Board cited prevailing market conditions as the primary reason for not proceeding with the Proposed Preferential Issue. Consequently, Jetking Infotrain has also withdrawn its application made to the BSE Limited for the grant of in-principle approval for this fund-raising activity. The proposal had previously received approval from the company’s members via a postal ballot on August 20, 2025.
Board Meeting Details
The Board Meeting that concluded with this decision commenced at 2:30 p.m. and ended at 3:36 p.m. on November 4, 2026.
Source: BSE
