Josts Engineering Company Ltd

Incorporation of Wholly Owned Subsidiary

• Josts Engineering announced incorporation of wholly owned subsidiary JOSTS TECHNO SOLUTIONS LIMITED on 24 August 2026.
• Certificate of Incorporation received from MCA on 25 August 2026.
• Authorized capital Rs 1,00,000; paid-up capital Rs 1,00,000.
• 100% ownership by Josts Engineering; 10,000 equity shares of Rs 10 each.
• Subsidiary is a related party; promoter directors are directors of the subsidiary.
• Audit Committee approved the proposed investment; investment is at arm's length.
• Objects: Engineered Products and Service; subsidiary to carry out related business.
• Regulatory approvals: Not Applicable.
• Incorporation completed on 24 August 2026; MCA certificate received 25 August 2026.
• Initial subscribed capital Rs 1,00,000; 10,000 equity shares of Rs 10.

Standalone highlights

• Standalone revenue rose to Rs 5,046 lakhs from Rs 4,003 lakhs.
• Standalone PBT (before exceptional items and tax) rose to Rs 407 lakhs from Rs 90 lakhs.
• Standalone PAT rose to Rs 252 lakhs from Rs 60 lakhs.

Consolidated highlights

• Consolidated revenue stood at Rs 5,348 lakhs vs Rs 5,604 lakhs.
• Consolidated PBT rose to Rs 395 lakhs from Rs 56 lakhs.
• Consolidated PAT rose to Rs 240 lakhs from Rs 33 lakhs.

Strategic and operational update

• Strategic restructuring focuses on Engineered Products Division; MHE Rentals India continues equipment rental.
• Transition ongoing with orders from existing and new contracts post-divestment.

Backlog and product launches

• EPD orders in hand total Rs 8,190 lakhs; EPC projects Rs 7,041 lakhs.
• Launched Josts branded Rain Chamber and Dust Chamber for environmental simulation.

Network and facilities expansion

• Two NABL-accredited laboratories in Mumbai and Kolkata; two more planned.
• Nine branch offices across India support operations.
• Plans to open two NABL service centers: North India and Pune.

Divestment and transition status

• Transition period ongoing following divestment of erstwhile subsidiary; orders ongoing under mutual terms.

Financial results

• Unaudited standalone and consolidated Q1 2026 results approved.
• Limited Review Reports from Shah Gupta & Co enclosed.

Appointments and governance

• Jai Prakash Agarwal re-appointed Executive Chairman from 1 April 2027 for five-year term, subject to shareholders' approval.
• Vishal Jain re-appointed MD and CEO from 4 October 2026 for five years, subject to shareholders' approval.

Shareholder meeting timings and dates

• 119th AGM to be held via VC on 18 September 2026.
• Record date fixed at 11 September 2026 for dividend eligibility.
• Registers closed 12-18 September 2026 for AGM.
• AGM to be held via VC per MCA/SEBI guidelines.

Meeting Details

• Board meeting scheduled for Thursday, 30 July 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited standalone and consolidated financial results for quarter ended 30 June 2026.
• To decide the date, time and mode of the 119th AGM and record date for dividend eligibility.
• To finalize Register of Members/Share Transfer Book closure dates and approve Directors' Report and AGM notice.
• To consider appointment of depositories for e-voting facility and appointment of Scrutinizer.
• To consider and approve other usual routine matters brought before the Board.

Other Notes

• Trading window closed from 1 July 2026 until 48 hours after unaudited results.

Dematerialisation status

• No dematerialisation requests were received during the reporting period.

Resignation details

• Vidya Sakpal resigns as HOD-HR, IR & Admin; senior management personnel.
• Effective date: close of business June 30, 2026.
• Reason: personal reasons.
• Replacement details to be determined per company policy.
• Resignation letter received; Annexure-B attached.

FY26 results

• Standalone revenue fell to Rs. 20,217 lakhs from Rs. 21,931 lakhs.
• Standalone PAT rose to Rs. 3,042 lakhs, including Rs. 3,241 lakhs exceptional gain.
• Consolidated revenue increased to Rs. 24,855 lakhs from Rs. 23,981 lakhs.
• Consolidated PAT rose to Rs. 3,338 lakhs, including Rs. 3,516 lakhs exceptional gain.

Dividend

• Board recommended total dividend of 500%, or Rs. 5.00 per share.
• This includes final dividend of 125% and special dividend of 375%.

Restructuring

• Company sold wholly owned subsidiary JECL Engineering Limited during the year.
• JECL ceased to be a subsidiary on 24 March 2026.
• Management said the transaction should strengthen the balance sheet and sharpen core focus.

Thane land

• Board approved development of an IT-ITES business park on Thane land.
• Land area is 6,921 square meters with estimated GDV of about Rs. 700 crores.
• Project is under various approval stages.

EPD services

• Service revenue rose to Rs. 1,219 lakhs from Rs. 1,184 lakhs.
• Order book in Engineering Product Division was Rs. 15,415 lakhs at 31 March 2026.
• Company plans two more service centres and targets 15-20% service revenue growth in FY27.