Jayant Infratech approves business transfer & ₹8.78 Cr preferential issue

Jayant Infratech Ltd's Board of Directors approved the execution of a Business Transfer Agreement for the acquisition of M/s. Jayant Infraprojects (an Association of Persons) as a going concern via a slump sale. To fund this acquisition, the Board also approved a preferential allotment of up to 12,55,000 fully paid-up equity shares at ₹70 per share (a premium of ₹60), aggregating to ₹8,78,50,000. These shares will be issued to the members of M/s. Jayant Infraprojects as consideration other than cash. The acquisition is a related party transaction involving promoters and promoter group members, conducted on an arm's length basis with an independent fair market valuation. The acquired entity is engaged in railway overhead electrification, electrical contract work, and civil construction. An Extra Ordinary General Meeting (EGM) is scheduled for May 27, 2026, to seek necessary approvals.