Proceedings of Postal Ballot
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Josts Engineering Company Ltd conducted a Postal Ballot through remote e-voting to seek shareholder approval for a Special Resolution to sell 100% of its shareholding in material subsidiary 'JECL Engineering Limited'. The voting window ran from 10th February 2026 to 11th March 2026, with results scheduled to be declared on 13th March 2026. M/s Anubhuti Akshay & Associates acted as the Scrutinizer for the process. The Postal Ballot Notice was sent to members whose names appeared on the register as of 30th January 2026 (cut-off date).
This is a significant corporate action — the full divestment of a material subsidiary could materially reshape the company's business portfolio and revenue base. Shareholders should watch for the voting outcome on 13th March 2026 and the scrutinizer's report, as approval will likely have a notable effect on the company's future earnings and strategic direction.