Josts Engineering Company Ltd — Important, 15-09-2025: Company Update

Jost’s Engineering has initiated legal action, filing a recovery suit in New Delhi courts against RENEW SOLAR ENERGY (JHARKHAND ONE) PRIVATE LIMITED. The company aims to recover approximately Rs. 0.79 Cr, including interest, for unpaid machinery supply and a wrongfully invoked Bank Guarantee. If the suit is successful, Jost's Engineering expects to recoup the full principal and interest. Importantly, this action carries no financial risk of outflow for the company, even if the verdict is unfavorable, as they are the claimant. This move seeks to protect and recover the company's financial interests.