Jaykay Enterprises invests further in defense subsidiary JK Defence

Jaykay Enterprises Limited (JKE) announced today, October 9, 2025, the acquisition of an additional 3,600,000 Preference Shares in its wholly-owned subsidiary, JK Defence & Aerospace Limited. The shares, each with a face value of INR 100, were acquired for a total of INR 36,00,00,000 through a Rights Issue. This transaction maintains JKE’s 100% shareholding in JK Defence.

The acquisition is part of JKE’s strategy to utilize net proceeds from a prior Rights Issue to fund JK Defence & Aerospace Limited, a public company incorporated on July 3, 2023. JK Defence's main objective is to manufacture and trade defense and aerospace equipment. Despite this acquisition, JK Defence is yet to commence operations and has a turnover of nil.

The consideration for these additional preference shares was paid in cash.