Jayant Infratech Limited secured shareholder approval for the preferential allotment of equity shares and the acquisition of a related party business undertaking at its Extra-Ordinary General Meeting (EGM) held on May 27, 2026. The resolutions authorized the issuance of shares for consideration other than cash through a share swap arrangement and the purchase of M/s Jayant Infraprojects on a slump sale basis as a going concern. These transactions, classified as material related party transactions, were approved to facilitate corporate restructuring and expansion.

The meeting was convened at the company's registered office in Bilaspur, Chhattisgarh. A total of 21 members, including two representatives of Hindu Undivided Families (HUFs), attended the proceedings. Mr. Nilesh Jobanputra, Chairman and Managing Director, called the meeting to order. The requisite quorum was present, and the session concluded with the adoption of the resolutions.

Voting and Scrutiny

Shareholders utilized a remote e-voting facility, which was open from May 23, 2026, at 9:00 A.M. IST to May 26, 2026, at 5:00 P.M. IST. Bigshare Services Private Limited facilitated the e-voting process. The Board appointed M/s Rohtash Agrawal & Co, Practicing Company Secretaries, as the scrutinizer to ensure the voting process was conducted fairly. The scrutinizer's report confirmed that no votes were cast via ballot paper at the venue.

Resolutions Passed

The members approved two special resolutions during the meeting. The first resolution authorized the company to offer, issue, and allot equity shares on a preferential basis for consideration other than cash. The second resolution granted approval for the acquisition and purchase of the business undertaking of M/s Jayant Infraprojects, an Association of Persons, on a slump sale basis as a going concern.

Key Attendees

The following directors and key managerial personnel were present at the meeting:

The consolidated voting results and the scrutinizer's report have been submitted to BSE Limited.

Jayant Infratech has secured a work order worth ₹12,01,78,803.58 from Central Railway for the execution of railway overhead electrification (OHE) works. The contract was awarded by the Bhusawal Division of Central Railway and encompasses design, supply, erection, testing, and commissioning of 25 KV, single-phase, AC OHE works. This order is expected to contribute to the company's revenue and operational growth.

Contract Scope

The project scope includes three primary components within the Bhusawal Division. The work involves the replacement of under-rated or codal life completed isolators with 1600 ampere capacity isolators. Additionally, the contract covers the electrification of unelectrified sidings and the provision of electrification on pit lines in coaching depots. These activities are critical for the modernization and efficiency of railway infrastructure.

Key Project Details

The following table outlines the specific parameters of the awarded contract:

The company has disclosed this event voluntarily in adherence to the Policy on Materiality of Events and Information, following SEBI regulations. The execution of this order is scheduled to be completed by November 2027.