Notice of 118th Annual General Meeting
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Josts Engineering Company has filed its Annual Report for FY 2024-25 and Notice for the 118th AGM scheduled for 29th September 2025 at 2:00 PM via video conferencing. Total income grew to ₹21,931 lakhs from ₹17,553 lakhs (~25% growth), with standalone Profit After Tax rising sharply to ₹1,608 lakhs from ₹968 lakhs (about 66% growth). Return on Capital Employed improved to 30% from 27%. The Board has recommended a final dividend of ₹1.25 per share (125%) on equity shares of ₹1 each, subject to shareholder approval. The Company discontinued its in-house manufacturing of Material Handling Equipment due to ageing factory and machinery, transferring the business to its wholly owned subsidiary JECL Engineering, which commenced a new greenfield facility at Murbad with capacity for ~2,100 units per year. A Rights Issue of up to ₹50 crore has been approved and filed with BSE to fund working capital needs.
Shareholders stand to benefit from a robust 125% dividend, strong profit growth, and improved capital efficiency. However, the upcoming Rights Issue (up to ₹50 crore) may lead to some dilution, while the operational shift of MHE manufacturing to the subsidiary could improve long-term flexibility and focus on the higher-margin Engineered Products Division.