- Jetking’s September 29 AGM will be its first shareholder meeting since SAT blocked listing of Bitcoin-funded shares.
- The company continues evaluating the ruling while maintaining its broader Bitcoin treasury strategy and overseas crypto plans.
Jetking Infotrain will hold its 42nd annual general meeting on September 29, 2026. The company will conduct the meeting through video conference at 11:30 a.m. IST. The AGM comes four months after the Securities Appellate Tribunal rejected Jetking’s appeal. The ruling prevented the company from listing shares issued to fund its Bitcoin purchases. The agenda covers FY26 accounts and a second five-year term for statutory auditor PYS & Co LLP. It does not include a separate resolution on Jetking’s Bitcoin treasury policy.
The dispute began after Jetking issued 3,96,156 shares at ₹154 each in May 2025. The preferential issue raised roughly ₹6.1 crore for the company. Jetking combined those proceeds with existing cash to purchase Bitcoin through CoinDCX. BSE had initially granted in-principle approval for the share issue. BSE later rejected Jetking’s listing application after reviewing its use of virtual digital assets. Jetking appealed the decision to SAT in October 2025. SAT dismissed the appeal on May 8, 2026, without imposing penalties or costs.
The Ruling Leaves Jetking’s Funding Model Under Pressure
Jetking repeated its position in an August 6 filing following the tribunal’s decision. The company said the new shares cannot currently trade on BSE. It also said management continues evaluating the ruling’s implications. The company has not disclosed another legal route or alternative solution for the shares. That leaves its Bitcoin funding model facing a different environment from Strategy. Strategy uses equity sales, convertible notes, and preferred stock to expand its Bitcoin holdings. Jetking’s own equity raise for Bitcoin remains unlisted following the SAT decision. Its public Bitcoin strategy therefore faces a funding constraint within India’s listed-market framework.
UAE Expansion Adds Another Crypto-Related Structure
Jetking has also established a UAE subsidiary with virtual digital assets among its stated business objectives. The board approved the subsidiary in November 2025, before its incorporation in June 2026. Its objects include acquiring, trading, staking, transferring, and dealing in virtual digital assets. The company said the UAE unit had not started operations by June 30.
Its filings do not state that the subsidiary will purchase Bitcoin. Public trackers list Jetking with 21 BTC based on its latest dated holding figure. Jetking separately reported 23.43 BTC at the end of August 2025 through its official X account. Those social media figures do not replace statutory disclosures. Jetking reported a ₹1.34 crore loss for FY26, compared with a ₹3.43 crore profit. IT training remains its core operating business as shareholders approach the September meeting.
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