Josts Engineering Company Ltd

Jost's Engineering Company Limited: Trading Window closed from 1 October 2026, would be opened only after the expiry of 48 hours of Public Announcement of Un-Audited Financial Results for the Quarter and half year ended 30 September 2026.

AGM Details

• AGM held on 18 September 2026 at 02:00 PM via VC/OAVM.
• Remote e-voting period ran 15–17 September 2026.
• Eligibility cut-off date: 11 September 2026.

Resolutions and outcomes

• Item 1: Ordinary resolution to adopt standalone and consolidated financial statements; passed.
• Item 2: Ordinary resolution to declare final and special dividend; passed.
• Item 3: Ordinary resolution to re-appoint director; passed with 54.39% favour.
• Item 4: Special resolution to re-appoint Vishal Jain as MD & CEO for five years; passed.
• Item 5: Special resolution to re-appoint Jai Prakash Agarwal as Executive Chairman; passed.

AGM Details

• Date: 18 September 2026; Time: 2:00 PM; Mode: VC/OAVM.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of standalone and consolidated financial statements for FY2026.
• Resolution 2 (Ordinary): Declaration of final and special dividends for FY2026.
• Resolution 3 (Ordinary): Re-appointment of Mr. Jai Prakash Agarwal (retiring by rotation).
• Resolution 4 (Ordinary): Re-appointment of Vishal Jain as MD & CEO for five years.
• Resolution 5 (Special): Re-appointment of Mr. Jai Prakash Agarwal as Executive Chairman for five years.

Voting Status

• Resolution 1: Results pending; not disclosed.
• Resolution 2: Results pending; dividend details not disclosed.
• Resolution 3: Results pending.
• Resolution 4: Results pending.
• Resolution 5: Results pending.

Additional Notes

• Results of e-voting to be informed to Stock Exchange and placed on the company website.

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.