Jain Irrigation plans ₹500 crore QIP to raise funds

Jain Irrigation Systems Ltd. (JISL) announced on September 2, 2025, that its board of directors approved a proposal to raise funds up to ₹500 crores through a Qualified Institutional Placement (QIP). This decision was made in accordance with Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The fundraising will involve the issuance of equity shares with a face value of ₹2/- each, and/or other eligible securities, or a combination thereof. The pricing for these securities will be determined according to SEBI (ICDR) Regulations, 2018. The QIP is subject to necessary regulatory and statutory approvals, including shareholder approval.

In addition to the fundraising, the board approved the draft notice for the 38th Annual General Meeting (AGM) and its explanatory statement. The book closure dates for the 38th AGM will be announced separately.