Jayant Infratech Corrects Board Outcome Typo on Acquisition

Jayant Infratech Ltd has issued a clarification regarding a clerical and typographical error in the outcome of its Board of Directors meeting held on October 01, 2026. The error was in the 'Indicative time period for completion of the acquisition' of M/s. Jayant Infraprojects (Association of Persons) via slump sale. The company has submitted a revised Annexure-A detailing the acquisition. The target entity, Jayant Infraprojects, incorporated on March 15, 2016, is involved in railway electrification and electrical contract work, with a turnover of Rs. 22,58,33,237/- in FY 2025-26. The acquisition is a related party transaction, considered material, and is being undertaken on an arm's length basis. The total lump-sum purchase consideration is Rs.1256.67 Lakhs (₹12.57 Crore) for the remaining 70% stake, with the company already holding 30%. The acquisition is expected to be completed within six months, subject to shareholder and stock exchange approvals.