Jayant Infratech to acquire Jayant Infraprojects via ₹8.78 Cr share swap

Jayant Infratech Ltd's Board of Directors approved the acquisition of M/s. Jayant Infraprojects (an Association of Persons) as a going concern through a slump sale. The acquisition will be financed by a preferential allotment of up to 12,55,000 fully paid-up equity shares at ₹70 each, totaling ₹8,78,50,000. These shares will be issued to the members of M/s. Jayant Infraprojects as consideration, effectively a share swap. M/s. Jayant Infraprojects, with a turnover of ₹1.21 crore as of March 31, 2025, is involved in railway electrification and civil construction. The transaction is a related party transaction, as the company's promoters are members of the acquired entity, but it is stated to be at arm's length and supported by an independent fair market valuation. An Extra Ordinary General Meeting (EGM) is scheduled for May 27, 2026, to seek shareholder approval for these proposals.