Josts Engineering Company Ltd — Important, 06-02-2026: Company Update

Josts Engineering Company has agreed to sell its entire stake in material subsidiary, JECL Engineering Limited, for ₹72 Cr, subject to shareholder approval. The sale will result in JECL Engineering ceasing to be a subsidiary. In the last financial year, JECL contributed ₹6.21 Cr (2.60%) to consolidated income and ₹21.21 Cr (27.04%) to consolidated net worth. For the nine months ended December 2025, its contribution was ₹49.84 Cr (26.41%) to income and ₹20.97 Cr (16.29%) to net worth. The transaction is expected to close by May 5, 2026.