Josts Engineering Company Limited has scheduled its 119th Annual General Meeting for September 18, 2026. The meeting will commence at 2:00 pm and will be conducted through Video Conferencing or Other Audio Visual Means, adhering to the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

The company notified the Bombay Stock Exchange regarding the newspaper advertisement published on August 20, 2026. The advertisement appeared in The Free Press Journal (English Edition) and Navshakti (Marathi Edition). Shareholders can access a copy of the newspaper publication on the company’s official website.

The notice was issued by Babita Kumari, Company Secretary (Membership No. A40774), on behalf of the Board of Directors. The communication serves as a formal disclosure pursuant to Regulation 30 of the SEBI LODR Regulations.

Josts Engineering Company reported a consolidated net profit of ₹2.40 crore for the quarter ended June 30, 2026 (Q1FY27), a significant increase from the ₹33 lakh net profit recorded in the corresponding period of the previous year. The company’s consolidated revenue from operations stood at ₹51.96 crore, while standalone revenue was ₹48.94 crore. This performance reflects improved operational efficiency in its core Engineered Products segment, which offset losses in the Material Handling division.

The Board of Directors approved the unaudited financial results on July 30, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by statutory auditors M/s. Shah Gupta & Co., Chartered Accountants. Additionally, the Board convened the 119th Annual General Meeting (AGM) for September 18, 2026, to be held via Video Conferencing or Other Audio-Visual Means.

Key Financial Metrics

Consolidated total income reached ₹53.48 crore, supported by other income of ₹1.52 crore alongside operational revenue. Total expenses amounted to ₹49.53 crore. In the standalone results, total income was ₹50.46 crore against total expenses of ₹46.39 crore. Basic earnings per share increased to ₹2.03 on a consolidated basis and ₹2.13 on a standalone basis, compared to ₹0.32 and ₹0.60 respectively in the prior year period.

Segment Performance

The company operates across three segments: Material Handling, Engineered Products, and MHE Rentals. Engineered Products remained the primary contributor to segment profits, generating ₹5.03 crore before tax and interest, up from ₹4.15 crore in Q1FY26. Material Handling reported a segment loss of ₹63 lakh, compared to a loss of ₹43 lakh in the previous year. MHE Rentals posted a marginal profit of ₹7 lakh.

Corporate Governance and AGM Details

The Board approved the re-appointment of Jai Prakash Agarwal as Executive Chairman and Whole Time Director for a five-year term commencing April 1, 2027. Additionally, Vishal Jain was re-appointed as Managing Director and Chief Executive Officer for a five-year term starting October 4, 2026. Both appointments are subject to shareholder approval.

The record date for the upcoming AGM and dividend entitlement, if declared, is fixed for September 11, 2026. The Register of Members and Share Transfer Books will remain closed from September 12, 2026, to September 18, 2026. Shareholders must hold shares as of the record date to exercise voting rights electronically.

What the Numbers Show

The sharp rise in net profit is primarily attributable to improved operational efficiency in the Engineered Products segment, which offset losses in Material Handling. The absence of exceptional items in the current quarter, unlike the prior year which included gains from discontinued operations and subsidiary sales, indicates that the reported profit is driven by core business activities. The consolidation of subsidiaries MHE Rentals India Private Limited and Josts Engineering Inc contributed ₹30.25 lakh in revenue but incurred a net loss of ₹24 lakh during the quarter.