Jayant Infratech Ltd

Key Decisions

• Withdrawal of proposed preferential issue up to 12,55,000 equity shares to Jayant Infraprojects
• Termination of Business Transfer Agreement with Jayant Infraprojects with immediate effect
• Authorize Managing Director/Whole-time Director and Company Secretary to execute termination documents
• Board approved preferential issue Apr 27, 2026; shareholders approved at EGM May 27, 2026
• In-principal approval to BSE for the proposed issue is under process
• Withdrawal to restructure; no adverse impact on financial position, operations, or growth prospects

Order details

• Awarding entity: West Central Railway, domestic Indian railway authority.
• Scope: Design, supply, erection, testing and commissioning of OHE for Itarsi–Jhujharpur, with modifications and services.
• Contract value: ₹13,31,88,572.19 inclusive of duties and taxes.
• Execution timeline: completion by April 2027; nine months from LOA date.
• Terms: Railway OHE works; includes power supply arrangements and general electrical services.
• Promoter/related party: No promoter interest; not a related party.
• Impact: Expected to contribute to revenue and operational growth.

Independent Director Appointment

• Appointed Dr. Tavinderpal Singh Arora as Non-Executive Independent Director for 5 years, effective 6 July 2026.
• Subject to shareholders’ approval and regulatory requirements.

Committee Reconstitution

• Reconstituted Audit, Nomination & Remuneration, and Stakeholders Relationship Committees as per new Independent Director appointment.

Auditors

• Internal Auditors: Shrivastava Gupta & Associates reappointed for FY 2026-27.
• Cost Auditors: Yash & Associates appointed for 2025-26 and 2026-27.

📍 Fund-Raising Decisions

• Board discussed fund-raising options including preferential and rights issue of equity shares.
• Decision on fund-raising deferred for further evaluation and future board meeting consideration.

🗓️ Meeting Details

• Board meeting scheduled for March 11, 2026, at the Registered Office in Bilaspur.

📍 Key Agenda Items

• Consideration of raising funds via equity shares or other securities through preferential issue.
• Fundraising subject to member approval and regulatory/statutory clearances.

📍 Fundraising Decisions

• Board evaluated fund-raising options including preferential and rights issue of equity shares.
• Decided to hold a separate board meeting for detailed discussion and approval of share issuance.
• Share issuance subject to regulatory approvals and compliance requirements.

🗓️ Meeting Details

• Board meeting scheduled for March 7, 2026, at 4:00 p.m. at the registered office in Bilaspur.

📍 Key Agenda Items

• Consideration of raising funds via equity shares or other securities, including warrants.
• Potential preferential issue subject to member and regulatory approvals.

Order Details

• Central Railway awarded the contract for railway overhead electrification works in Bhusawal Division.
• Scope includes design, supply, erection, testing, and commissioning of 25KV, Single Phase, AC OHE works.
• Contract value is ₹186,440,099.67 inclusive of all duties and taxes.
• Contract execution deadline is January 30, 2028.
• Work involves sectioning arrangements, additional OHE support, and shifting insulated overlaps near stop signals.
• Central Railway is a domestic government authority and not a related party to the company.