Result of Postal Ballot is enclosed

Core Business DivestedStrategic Transactions View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.5%Reaction day

₹229.05

prior close

₹230.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.9%+2.4% vs market

Industrial Products peers, median of 121sector-2.0%+1.5% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 1.5 pts more 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

+0.0

10m

+0.0

15m

+0.7

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5-2.9+2.4-2.0+1.5

Next day

-4.0-3.5-0.5-3.5-0.6

-5.2-2.5-2.6-2.9-2.2

-2.7+0.1-2.7-2.1-0.6

-3.5-2.7-0.8-3.9+0.4

-4.3-1.9-2.5-3.2-1.2

-9.6-3.7-5.9-6.6-3.0

15d

+6.5+3.5+3.0+3.6+2.9

+12.2+5.6+6.6+5.3+6.8

+9.2+13.7-4.5+12.7-3.5

+9.6+20.0-10.4+11.9-2.3

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 Ltd sought shareholder approval via postal ballot to sell its entire 100% shareholding in its material subsidiary, JECL Engineering Limited. The e-voting closed on March 11, 2026, with 64.81% of total outstanding shares (76,64,626 shares) participating in the vote. The special resolution was passed with overwhelming support — 98.37% of votes polled (75,39,449 shares) were in favour, while only 1.63% (1,25,177 shares) voted against. Promoters and promoter group voted 100% in favour, and among public non-institutional holders, 93.68% backed the sale. The promoter group declared no conflict of interest in the transaction.

Likely market impact

Shareholders have approved the complete exit from JECL Engineering Limited, which the company classifies as a material subsidiary. Investors should watch for the next announcement disclosing the buyer, deal value, and the resulting impact on Josts Engineering's consolidated financials — proceeds and any one-time gain/loss from the divestment will be key near-term catalysts.