Intimation regarding execution of share Purchase Agreement

Core Business DivestedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-8.7%Reaction day

₹270.00

prior close

₹250.45

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-7.9% vs market

Industrial Products peers, median of 121sector-0.0%-8.7% vs sector

On the reaction day the stock moved 7.9 pts less than Nifty Microcap 250 and 8.7 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

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15m

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30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-8.7-0.8-7.9-0.0-8.7

Next day

-4.1+1.8-5.9+1.8-5.9

+3.3+2.8+0.5+2.2+1.2

+8.5+2.3+6.2+2.2+6.3

+11.4+1.8+9.7+1.2+10.3

+3.7+0.3+3.4+0.1+3.6

+0.2+0.5-0.3-0.6+0.8

15d

-9.2-2.5-6.7-3.2-6.0

-13.0-6.3-6.6-5.5-7.5

-13.1-8.0-5.1-9.0-4.1

-2.6+8.3-10.9+5.1-7.7

UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 121Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Josts Engineering Company Limited has signed a Share Purchase Agreement dated February 5, 2026, to sell its entire 100% stake in material subsidiary JECL Engineering Limited to Mr. Rahul Dhoot for Rs. 72 crores (subject to closing date adjustments). The subsidiary contributed 26.41% of consolidated income (Rs. 49.84 crores) and 16.29% of consolidated net worth (Rs. 20.97 crores) as of December 31, 2025. The transaction is subject to shareholder approval via postal ballot (including e-voting) and is expected to be completed on or before May 5, 2026. The buyer is not related to the promoter/promoter group, and the deal is not a related party transaction. Upon completion, JECL Engineering Limited will cease to be a subsidiary of the company.

Likely market impact

Shareholders will receive a postal ballot to approve this significant divestment. The Rs. 72 crore inflow could strengthen the company's balance sheet, but losing a subsidiary that contributed over a quarter of consolidated income may raise concerns about future revenue and growth prospects. The stock may see volatility around the postal ballot and completion timeline.