Acquisitions5 Feb 2026, 09:33 pm
Josts Engineering Company Ltd. Approves Sale of Material Subsidiary JECL Engineering Limited for Rs. 73 Crores
AI Summary
Josts Engineering Company Ltd. announced the approval of the sale of its material subsidiary, JECL Engineering Limited, to Mr. Rahul Dhoot for an aggregate consideration of Rs. 73,00,00,000. The sale is subject to approval by the shareholders of the Company through a postal ballot including e-voting. The transaction is expected to be completed by 30th April 2026. The Company will also execute a Share Purchase Agreement and a Transition Services Agreement with the Buyer and JECL Engineering Limited respectively.
Key Highlights
- Josts Engineering Company Ltd. has approved the sale of its material subsidiary, JECL Engineering Limited, to Mr. Rahul Dhoot.
- The sale is for an aggregate consideration of Rs. 73,00,00,000 and is subject to approval by the shareholders of the Company through a postal ballot including e-voting.
- The transaction is expected to be completed by 30th April 2026.
- The Company will also execute a Share Purchase Agreement and a Transition Services Agreement with the Buyer and JECL Engineering Limited respectively.