Synopsis: A veteran investor joins a logistics firm’s preferential allotment round, signalling fresh institutional confidence in the small-cap space.
When a well-known equity investor quietly picks up warrants in a listed logistics company, it rarely goes unnoticed on Dalal Street. The move adds a layer of credibility to what is otherwise a routine capital-raising exercise, and retail investors often track such disclosures closely as an early signal of conviction in a stock.
Shares of Jet Freight Logistics Limited, with a market capitalization of Rs. 111crore, are trading at a price of Rs.24 i.e. 11.2% up from its previous closing price of Rs.21.58. It is trading at a P/E ratio of 14.7.
Mukul Aggarwal Among Key Warrant Allottees
Jet Freight Logistics Limited has allotted 3,74,27,694 warrants convertible into equity shares on a preferential basis at an issue price of Rs 18 per warrant. Among the 55 allottees is Mukul Aggarwal, the well-known ace investor, who has been allotted 1,56,250 warrants in the non-promoter category. Each warrant is convertible into one fully paid-up equity share of face value Rs 5. Allottees have paid 25% of the issue price – Rs 4.5 per warrant – as subscription money upfront, with the remaining Rs 13.5 per warrant payable at the time of exercising the conversion option.
The allotment was approved at the Board of Directors meeting held on June 05, 2026, following earlier approvals from the Board in January 2026, members at an Extraordinary General Meeting in February 2026, and in-principle approvals from both BSE and NSE in May 2026. The total amount received as warrant subscription money aggregates to Rs 16.84 crore, with the full issue size aggregating to Rs 67.37 crore.
Promoter Group Allotment and Other Key Names
On the promoter side, Tyra Richard Theknath, Tyrus Richard Theknath, and Thea Richard Theknath have each been allotted approximately 74.13 lakh warrants, making the promoter group the single largest block of allottees in this round. Among non-promoter allottees, Alphacap Advisors Private Limited received the largest non-promoter allocation of 33 lakh warrants, followed by Shrawan Kumar Babulal Jajodia at 10 lakh warrants and Vandana Kumari S at 8.75 lakh warrants.
Strong Q4 and Full-Year Financial Performance
Jet Freight Logistics posted a robust set of numbers for Q4 FY26, with revenue from operations rising 11.41% year-on-year to Rs 127.60 crore. EBITDA more than doubled, surging 110.80% YoY to Rs 7.95 crore, with EBITDA margin expanding sharply to 6.18% from 3.28% in Q4 FY25. Profit before tax came in at Rs 5.59 crore, up 524.23% year-on-year. Profit after tax stood at Rs 3.08 crore for the quarter, a jump of 809.27% YoY. For the full year FY26, revenue from operations was nearly flat at Rs 444.30 crore, up just 0.12% over FY25. However, full-year PAT grew 81.54% to Rs 6.81 crore, with PAT margin improving to 1.52% from 0.84%, reflecting strong operating leverage through the year..
About the Company
Jet Freight Logistics Limited is a Mumbai-based integrated logistics company listed on both NSE and BSE. The company offers freight forwarding, customs clearance, warehousing, and supply chain solutions across domestic and international markets. It operates through a wide network spanning major Indian cities and maintains an international presence through a wholly-owned subsidiary in Dubai, Netherlands, and the USA.
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