Overview

• Jetking Infotrain’s application was denied after it disclosed that roughly 60% of a planned ~₹6 crore share raise would go into Bitcoin and other virtual digital assets.
• Indian practice allows companies to buy crypto using retained earnings, but exchanges restrict listings that channel public fundraising specifically into digital assets.
• Reports describe this as the first known instance of an Indian exchange rejecting a listing explicitly because of a crypto treasury plan.
• Jetking says it is evaluating options and may appeal the decision to the Securities Appellate Tribunal, which could set an important precedent.
• A BSE spokesperson said final approval was held to consult the regulator and the application was then rejected under revised norms, according to local media.