Josts Engineering incorporates wholly owned subsidiary Josts Techno Solutions
Josts Engineering incorporates Josts Techno Solutions Limited as a wholly owned subsidiary. The entity operates in the engineered products and service business sector. Initial paid-up capital stands at ₹1,00,000 with 100% ownership by the parent. Promoter directors of the parent company also serve as directors of the subsidiary. The subsidiary is yet to commence commercial operations.
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Josts Engineering Company has incorporated a wholly owned subsidiary named Josts Techno Solutions Limited. The Ministry of Corporate Affairs issued the certificate of incorporation on August 24, 2026.
The new entity will operate in the engineered products and service business sector. Josts Engineering holds 100% stake in the subsidiary, which has an authorised share capital of ₹1,00,000 and a paid-up share capital of ₹1,00,000.
Incorporation Details
The subsidiary was incorporated with an initial subscribed capital of ₹1,00,000, comprising 10,000 equity shares of ₹10 each. The company received the incorporation certificate on August 25, 2026, at 12:51 am.
Josts Techno Solutions Limited is yet to commence operations. No governmental or regulatory approvals were required for this incorporation.
Governance and Related Party Disclosure
The subsidiary is classified as a related party of the parent company. Promoter directors of Josts Engineering Company Limited also serve as directors of Josts Techno Solutions Limited.
The investment in the subsidiary was made at arm's length basis. The company obtained prior approval from its Audit Committee for this transaction.
| Particulars | Details |
|---|---|
| Subsidiary Name | Josts Techno Solutions Limited |
| Business Sector | Engineered Products and Service |
| Shareholding | 100% |
| Paid-up Capital | ₹1,00,000 |
| Status | Yet to commence operations |
Historical Stock Returns for Josts Engineering Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.23% | -5.17% | -13.02% | -14.37% | -32.04% | +113.73% |
What specific strategic objectives or market segments is Josts Techno Solutions Limited targeting within the engineered products sector?
How does this new subsidiary align with Josts Engineering's long-term growth strategy and diversification plans?
Are there plans to increase the authorized share capital or seek external funding for Josts Techno Solutions as operations commence?
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