ALPHA TRIBE

Josts Engineering Company LtdImportant, 30-03-2026: Company Update

30-03-2026 | 10:02 pm

The company has finalized the sale of its entire 50% equity investment in its Joint Venture, Suryavayu Renewable and Energy Solutions Private Limited (SRESPL), to Kay Cee Energy & Infra Limited. This follows a prior approval for the divestment. Upon receiving Rs. 103,100, the company transferred its stake, resulting in SRESPL no longer being a Joint Venture. This strategic move concludes the company's exit from SRESPL, simplifying its business structure and focusing its resources. Investors should see this as the definitive closure of the previously disclosed divestment.

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