Josts Engineering Company Ltd — Updates, 16-05-2025: Company Update

Jost’s Engineering Company Limited has announced the withdrawal of a recovery notice issued for attachment or blocking of its accounts related to alleged dues of Paladiaon Network Private Limited. The recovery notice, previously causing operational uncertainty, has been officially withdrawn by the Deputy Commissioner of Commercial Taxes. This resolution removes potential liquidity and compliance risks for the company, reassuring shareholders about the continuity of normal banking operations and financial stability.