Jayant Infratech has scheduled a meeting of its Board of Directors for September 5, 2026. The session will focus on approving the company’s annual report for the fiscal year ended March 31, 2026.

The meeting is set to commence at 4:00 pm at the company’s registered office in Bilaspur, Chhattisgarh. Directors may participate in person or through video conferencing facilities provided by the firm.

Agenda Highlights

The primary objective of the gathering is to consider and approve the draft Annual Report and the Board Report for FY26. The directors will also address governance matters, including the retirement by rotation and reappointment of eligible directors.

Additionally, the board will fix the date and approve the notice for the 23rd Annual General Meeting (AGM). This includes determining the cut-off date and remote e-voting period for the ensuing AGM.

Related Party Transactions

A key item on the agenda involves considering and approving material Related Party Transactions proposed for entry during the financial year 2026-2027. The board will also appoint M/s Rohtash Agrawal & Co., Company Secretaries from Raipur, as the scrutinizer for remote e-voting and voting at the AGM.

The meeting was notified under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Nilesh Jobanputra, Managing Director, signed the intimation issued on August 29, 2026.

Jayant Infratech has withdrawn its proposed preferential issue of up to 12,55,000 equity shares, effectively halting the planned acquisition of M/s. Jayant Infraprojects. The company’s Board of Directors approved the withdrawal during a meeting held on July 27, 2026, at its registered office in Bilaspur. This decision terminates the Business Transfer Agreement dated April 27, 2026, which had outlined the acquisition of the business undertaking as a going concern through a slump sale.

The preferential issue was originally structured for consideration other than cash, with shares to be allotted to members of M/s. Jayant Infraprojects, an Association of Persons. Shareholders had previously approved this issue at an Extraordinary General Meeting held on May 27, 2026. The company had submitted an application for in-principle approval to BSE Limited, which remains under process. By withdrawing the issue, Jayant Infratech aims to restructure the transaction rather than proceed with the current terms.

Key Details of the Withdrawal

The Board noted that the Business Transfer Agreement could no longer be implemented consequent to the withdrawal of the share issuance. The agreement is terminated with immediate effect or such other date as mutually agreed by the parties. Nilesh Jobanputra, Managing Director, authorized the Company Secretary and Whole-time Director to execute all necessary documents to formalize the termination.

Impact on Operations

Management clarified that the withdrawal will not adversely impact the company’s financial position, operations, or growth prospects. The decision is purely strategic, aimed at restructuring the deal mechanics rather than abandoning the underlying business interest entirely. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

What the Numbers Show

The withdrawal of a non-cash consideration deal indicates a shift in negotiation strategy or valuation alignment between the two entities. Since no cash outflow was involved in the original proposal, the immediate financial impact on Jayant Infratech’s balance sheet is neutral. However, the restructuring implies that future capital allocation strategies may differ from the initial equity-swap model, potentially affecting dilution metrics if a revised plan involves different instruments or pricing.