Sale of Undertaking

Core Business DivestedStrategic Transactions View source PDF Explain this filing

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

-8.7%Reaction day

₹270.00

prior close

₹241.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-7.9% vs market

Industrial Products peers, median of 121sector-0.0%-8.7% vs sector

On the reaction day the stock moved 7.9 pts less than Nifty Microcap 250 and 8.7 pts less 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

+2.4

10m

+2.6

15m

+3.4

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-8.7-0.8-7.9-0.0-8.7

Next day

-4.1+1.8-5.9+1.8-5.9

+3.3+2.8+0.5+2.2+1.2

+8.5+2.3+6.2+2.2+6.3

+11.4+1.8+9.7+1.2+10.3

+3.7+0.3+3.4+0.1+3.6

+0.2+0.5-0.3-0.6+0.8

15d

-9.2-2.5-6.7-3.2-6.0

-13.0-6.3-6.6-5.5-7.5

-13.1-8.0-5.1-9.0-4.1

-2.6+8.3-10.9+5.1-7.7

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

Jost's Engineering's board approved the sale of its entire 100% shareholding and assets in material subsidiary JECL Engineering Limited to Mr. Rahul Dhoot (an unrelated third party) for an aggregate consideration of Rs. 73 crores, subject to closing adjustments. The deal requires shareholder approval via postal ballot and is expected to close by April 30, 2026. JECL contributed 26.41% of consolidated revenue (Rs. 4,984 lakhs) and 16.29% of consolidated net worth for 9M FY26, making this a sizeable divestment. The board also approved Q3 FY26 standalone results: total income of Rs. 6,217 lakhs (up 31% YoY from Rs. 4,748 lakhs) and PAT of Rs. 122 lakhs, impacted by an exceptional item of Rs. 261 lakhs related to Labour Code implementation. Consolidated 9M FY26 PAT stood at Rs. 254 lakhs.

Likely market impact

The Rs. 73 crore sale is at arms-length to a non-promoter buyer and will reduce the consolidated revenue base by over a quarter post-completion, but brings in significant cash inflow. Shareholders will need to approve the deal via postal ballot. Watch for valuation feedback—stock may react to the sale price versus JECL's contribution of ~Rs. 21 crores in net worth.