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.

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.