Scrutinizer Report alongwith results of Postal Ballot is enclosed.
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Awaiting price reaction for this filing.
Josts Engineering Company has announced the results of its Postal Ballot conducted via remote e-voting, with the last date of voting being April 20, 2025. The single special resolution was to consider, approve, and authorize the development of the company's Thane Factory Land. Out of 12,819 eligible shareholders as of the cut-off date (March 14, 2025), 48 members cast votes on 9,978,730 total outstanding shares. A total of 5,144,553 shares (51.56% of outstanding shares) were polled, with 5,144,373 votes (99.9965%) in favour and only 180 votes (0.0035%) against. Promoters holding 4,815,720 shares voted entirely in favour (100%), while public non-institutional holders polled 6.38% of their holdings, with 99.9453% voting in favour.
The Thane Factory Land development has been approved with near-unanimous shareholder support, including full backing from the promoter group. This clears the path for the company to proceed with development plans, though the resolution's specific financial impact and timeline details were not disclosed in this filing.