Jaykay Enterprises Acquires ₹25 Crore Preference Shares In JK Defence & Aerospace

Jaykay Enterprises Limited announced on Monday the acquisition of 25 lakh preference shares, each with a face value of ₹100, in its wholly-owned subsidiary, JK Defence & Aerospace Limited. The total value of the acquisition is ₹25 crore, finalized on October 5, 2026. The shares were purchased through a Rights Issue by JK Defence & Aerospace Limited, with the consideration paid in cash.

This transaction does not change JKE's overall shareholding in JK Defence & Aerospace, which remains at 100%. JK Defence & Aerospace continues to function as a wholly-owned subsidiary of Jaykay Enterprises. Jaykay Enterprises, an industrial technology firm, made its debut on the National Stock Exchange, with shares closing down 3%.

The company was incorporated on July 3, 2023, with the primary objective of manufacturing and trading defense and aerospace equipment. As it has not yet commenced operations, the company reported a turnover of nil. The proceeds from this acquisition, received through the Rights Issue, will be utilized by JK Defence & Aerospace Limited in accordance with the objectives outlined in its Letter of Offer dated August 25, 2026.