Appointment of Internal Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.8 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Josts Engineering Company reported strong FY2026 results with standalone revenue of Rs. 21,731 Lakh (up ~8.4% from Rs. 20,047 Lakh). Net profit jumped nearly 3x to Rs. 3,042 Lakh vs Rs. 1,096 Lakh the previous year. EPS improved to Rs. 27.33 per share from Rs. 15.59. The Board approved a final dividend of Rs. 1.25 per share plus a special dividend of Rs. 3.75 per share (total 500%), subject to shareholder approval. The company also appointed P C Ghadiali & Co. LLP as internal auditor for FY 2026-27 and approved development of a Real Estate/IT-ITES Business Park on its Thane land. Exceptional items of Rs. 3,502 Lakh include gain on sale of subsidiary JECL (Rs. 3,402 Lakh) and provision for employee benefits (Rs. 2,161 Lakh).
The sharp jump in net profit and generous 500% total dividend payout signal strong financial health and cash generation, which could positively impact the stock. The new internal auditor appointment and business park development indicate active governance and diversification plans.