Result of Postal Ballot is enclosed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.
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.