Please find enclosed herewith the Notice convening the EGM.
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Jayant Infratech Ltd has called an EGM on May 27, 2026 to seek shareholder approval for two interconnected special business items. First, the company proposes to issue up to 12,55,000 equity shares at Rs. 70 per share (face value Rs. 10) aggregating Rs. 8.79 crore to promoters Nilesh Jobanputra (5,37,857 shares) and Jai Jobanputra (7,17,143 shares) via a share swap. Second, the company seeks approval to acquire the entire business undertaking of M/s. Jayant Infraprojects ('Association of Persons') on a slump sale basis as a going concern for Rs. 1256.67 lakhs. The company already holds 30% stake in Jayant Infraprojects, which is engaged in railway electrification, electrical contract work, and civil construction. The transaction is classified as a material related party transaction as promoters are members of both entities. Voting will be conducted electronically from May 23-26, 2026.
This acquisition will consolidate Jayant Infraprojects' railway infrastructure business into the company, potentially expanding operational scale. However, being a related party transaction involving promoters acquiring shares, it warrants close shareholder scrutiny. The share swap at Rs. 70 per share represents a significant dilutive issuance to existing shareholders.