Jayant Infratech Ltd has approved the notice for an Extra Ordinary General Meeting (EGM) scheduled for Tuesday, November 10, 2026. The meeting will be held at the company's registered office in Bilaspur, Chhattisgarh.

The Board of Directors fixed November 3, 2026 as the cut-off date to determine shareholder eligibility for voting by electronic means. This procedural step ensures that only shareholders holding shares as of this date can participate in the remote e-voting process.

Meeting logistics and scrutiny

The EGM is set to commence at 1:00 pm. The venue is the registered office located at "Mangal Smriti", Bajpai Ground, Tilak Nagar, Bilaspur (C.G.) 495001. To oversee the voting process, the Board appointed M/s Rohtash Agrawal & Co., Company Secretaries based in Raipur, as the scrutinizer. Their role includes managing remote e-voting and voting at the physical meeting.

This intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document was signed by Nilesh Jobanputra, Managing Director, on October 19, 2026.

Jayant Infratech Ltd has submitted a clarification letter to BSE Limited to rectify a typographical error in the indicative time period for the completion of its proposed acquisition of M/s. Jayant Infraprojects on a slump sale basis.

The company stated that the error was unintentional and not deliberate. The revised disclosure confirms that the acquisition is proposed to be completed within six months from the date of execution of the Business Transfer Agreement, subject to shareholder approval and in-principle approval from stock exchanges.

Acquisition details and consideration

The transaction involves the acquisition of the remaining 70% business interest in M/s. Jayant Infraprojects, an Association of Persons (AOP). Jayant Infratech currently holds a 30% stake in the AOP. The total lump-sum purchase consideration for the entire entity is ₹1,256.67 lakh as per valuation. The existing 30% share will be adjusted against this total, with the balance payable for the remaining 70% stake.

The target entity is engaged in railway electrification, electrical contract work, and civil construction. The line of business aligns with the listed entity's operations, enabling consolidation and full control over the acquired undertaking.

Related party transaction status

The proposed acquisition constitutes a Related Party Transaction under Section 2(76) of the Companies Act, 2013, and Regulation 2(1)(zb) of the SEBI Listing Regulations. Nilesh Jobanputra and Jai Jobanputra, members of the AOP, are also promoter and promoter group members of Jayant Infratech. The company disclosed that the transaction is being undertaken on an arm's length basis and is considered material under Regulation 23 of the SEBI Listing Regulations.

Target entity financial history

The target entity, incorporated on March 15, 2016, reported the following turnover figures for the last three financial years:

The significant fluctuation in turnover between FY25 and FY26 highlights the variable nature of contract-based revenue in the infrastructure sector.