Jost's Engineering Company Limited has announced significant strategic decisions following its Board of Directors meeting held on March 24, 2026, including the divestment of a joint venture stake, incorporation of a new subsidiary, and leadership transition in the Chief Financial Officer position.

Strategic Divestment and Joint Venture Exit

The board has approved the divestment of 50% equity investment in its joint venture, Suryavayu Renewable and Energy Solutions Private Limited (SRESPL), to Kay Cee Energy & Infra Limited at a fair market value of ₹4.124 per share. Following this transaction, SRESPL will cease to be a joint venture of the company.

Kay Cee Energy & Infra Limited is a company incorporated under the Companies Act, 1956, engaged in power transmission and distribution infrastructure business. The buyer does not belong to the promoter/promoter group/group companies, making this a non-related party transaction.

New Subsidiary Incorporation

The board has approved the incorporation of a wholly owned subsidiary in India to leverage future growth opportunities in the engineered products and service business. The proposed subsidiary will operate under the name Josts Techno Solutions Private Limited or Josts Tech Services Private Limited, subject to Ministry of Corporate Affairs approval.

CFO Leadership Transition

The board acknowledged the resignation of Mr. Pranesh Bhandari from his position as Chief Financial Officer and Key Managerial Personnel, effective March 31, 2026, due to personal reasons. Simultaneously, the board approved the appointment of Mr. K C Somani as the new Chief Financial Officer, effective April 1, 2026.

Mr. K C Somani is a qualified Chartered Accountant from the Institute of Chartered Accountants of India with extensive experience in financial planning, budgeting, accounts, and internal controls. The appointment was made based on recommendations from the Nomination and Remuneration Committee and Audit Committee.

Regulatory Compliance and Authorization

The company has updated its authorized officials for determining materiality of events and making disclosures to stock exchanges, effective April 1, 2026. The board meeting was conducted from 7:30 p.m. to 8:22 p.m. on March 24, 2026, with all decisions made in compliance with SEBI Listing Regulations.

All transactions have been structured to comply with regulatory requirements, with the divestment being conducted outside any scheme of arrangement and the subsidiary incorporation requiring standard Ministry of Corporate Affairs approvals.

Jost's Engineering Company Limited has filed its mandatory compliance report with BSE Limited regarding the re-lodgement of physical share transfer requests. The report covers the period from February 5, 2026 to March 4, 2026, as mandated under SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026.

Zero Activity During Reporting Period

The company's registrar and share transfer agent, Bigshare Services Private Limited, reported no activity in physical share transfers during the specified period. The comprehensive status report shows complete absence of any transfer-related requests.

SEBI Compliance Framework

The filing demonstrates Jost's Engineering Company Limited's adherence to SEBI's regulatory framework for physical share transfers. The SEBI circular established a special window mechanism allowing shareholders to re-lodge transfer requests for physical shares that may have been previously submitted but not processed.

Registrar Confirmation

Bigshare Services Private Limited, serving as the company's authorized registrar and share transfer agent, confirmed the zero-activity status through their authorized signatory Vikas Singh. The registrar's report specifically addressed the period requirements under the SEBI circular dated January 30, 2026.

Corporate Governance

Company Secretary Babita Kumari (Membership No. A40774) submitted the compliance report to BSE Limited on March 16, 2026. The submission included the registrar's detailed report and requested BSE to take the information on record as part of ongoing regulatory compliance.

The report also included a template for rejected requests, showing preparedness to handle detailed reporting requirements, though no rejections occurred during this period. This systematic approach reflects the company's commitment to transparent regulatory reporting and shareholder service standards.