Newspaper advertisement for Postal Ballot Notice
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Josts Engineering Company Ltd has published a newspaper advertisement in Free Press Journal (English) and Navshakti (Marathi) regarding a Postal Ballot Notice seeking shareholder approval. The only resolution on the ballot is a Special Resolution for the proposed sale of 100% shareholding in its material subsidiary, JECL Engineering Limited. The Postal Ballot Notice was dispatched to eligible shareholders on 7th February 2026 via electronic mode only. Remote e-voting via NSDL begins on 10th February 2026 (9:00 am) and ends on 11th March 2026 (5:00 pm), with 30th January 2026 as the cut-off date.
Shareholders need to vote on the proposed sale of JECL Engineering Limited, a material subsidiary — approval would result in the subsidiary being fully divested. The outcome could affect the company's consolidated structure and future earnings profile.