Sale25 Mar 2026, 07:01 pm
Josts Engineering Company Ltd Transfers Shareholding in Material Subsidiary JECL Engineering Limited
AI Summary
Josts Engineering Company Ltd has transferred its 100% shareholding in its material subsidiary, JECL Engineering Limited, upon receipt of consideration and entering into definitive agreements on 24th March, 2026. This decision was approved by the shareholders of the company through a postal ballot on 11th March, 2026, and as a result, JECL has ceased to be a subsidiary of Josts Engineering Company Ltd.
Key Highlights
- Josts Engineering Company Ltd has transferred its 100% shareholding in JECL Engineering Limited.
- The transfer was made upon receipt of consideration and entering into definitive agreements on 24th March, 2026.
- The decision was approved by the shareholders of Josts Engineering Company Ltd through a postal ballot on 11th March, 2026.
- JECL Engineering Limited has ceased to be a subsidiary of Josts Engineering Company Ltd.
- The transfer includes Brand Assignment Agreement, Trademark License Agreement and Transition Services Agreement.