Josts Engineering Sells Subsidiary for Rs. 72 Crores

Josts Engineering Company Limited announces sale of 100% stake in subsidiary JECL Engineering Limited to Rahul Dhoot for Rs. 72 crores, subject to shareholder approval through postal ballot.

Jost's Engineering Board Meeting Postponed to Feb 5

Jost's Engineering Company Limited postpones board meeting from January 31, 2026 to February 5, 2026 to consider Q3FY26 unaudited financial results due to unavoidable circumstances.

Josts Engineering Reports Sharp Decline in Revenue and Profitability for Q2 and H1 Results

Josts Engineering Company Limited announced its quarterly results with significant declines across all financial metrics. On a standalone basis, Q2 revenue dropped 19% to Rs. 4,776 lacs, while EBITDA fell 56% to Rs. 299 lacs and PAT decreased 70% to Rs. 123 lacs. Half-year standalone results showed revenue declining 21% to Rs. 8,779 lacs, with PAT falling 76% to Rs. 183 lacs. Consolidated Q2 revenue decreased 13% to Rs. 5,418 lacs, with PAT dropping 84% to Rs. 82 lacs. The company attributed the revenue decline to postponement of orders to the next quarter. However, technical services revenue at consolidated level increased 5% to Rs. 1,840 lacs. Chairman Jai Prakash Agarwal acknowledged the soft performance but expressed optimism for H2, citing orders in hand of Rs. 21,274 lacs. The company operates in material handling and engineering products with presence across infrastructure, defense, automotive, and other sectors.

Josts Engineering Reports No Deviation in Rights Issue Fund Utilization for Quarter Ended September 2025

Josts Engineering Company Limited filed a statement showing no deviation or variation in the utilization of funds raised through its rights issue for the quarter ended September 30, 2025. The company raised Rs. 4,989.37 lakhs through a rights issue with allotment date of September 16, 2025. The funds were allocated for working capital requirements (Rs. 4,358.00 lakhs), general corporate purposes (Rs. 551.37 lakhs), and issue expenses (Rs. 80.00 lakhs). Total funds utilized during the quarter were Rs. 1,830.22 lakhs. The audit committee provided no comments on the fund utilization, and auditors also had no comments. The statement was approved by the audit committee and board of directors.