Jash Engineering promoter Pratik Patel has acquired 75,000 equity shares of the company through warrant conversion on December 19, 2025. The acquisition was disclosed to stock exchanges under Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.

Transaction Details

The share acquisition represents a strategic move by the promoter to increase his stake in the company through the conversion of existing warrants into equity shares.

Shareholding Impact

Following this acquisition, Pratik Patel's voting rights in Jash Engineering have been enhanced. The transaction demonstrates the promoter's continued confidence in the company's prospects.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations, with formal notifications submitted to both the National Stock Exchange of India Limited and BSE Limited. The promoter fulfilled the mandatory reporting requirements under the substantial acquisition norms, ensuring transparency in the shareholding change.

This warrant conversion transaction reflects the promoter's strategic approach to increasing his equity participation in Jash Engineering while adhering to all regulatory disclosure requirements.

Jash Engineering Limited has announced a strategic acquisition that will significantly expand its presence in the industrial process equipment sector. The company disclosed its plan to acquire a 90% stake in WesTech Process Equipment India Private Limited through a cash transaction valued at ₹31.37 crores.

Acquisition Details

The acquisition is structured through a Share Purchase Agreement dated December 11, 2025, between Jash Engineering Limited and the existing shareholders of WesTech Process Equipment India Private Limited, including WesTech Engineering, LLC, and other remaining shareholders. The transaction involves the purchase of 53,99,849 equity shares, representing 90% of WesTech's total share capital.

The remaining 10% of WesTech's share capital will be acquired as per the Share Purchase Agreement's Tranche 2 Closing Date provisions. Post-acquisition, WesTech Process Equipment India Private Limited will become a subsidiary of Jash Engineering Limited.

Target Company Profile

WesTech Process Equipment India Private Limited operates in the industrial process equipment sector with a paid-up capital of ₹5.99 crores. The company has demonstrated consistent growth over the past three years, with its business spanning multiple industrial segments.

Business Operations and Strategic Impact

WesTech specializes in providing equipment and systems to the processing industry, covering diverse fields including mineral processing, alumina refinery, paper and pulp industry, and chemical and cellulosic industry. The company offers consultation services and solutions for designing and supervising the commissioning of plant and machinery, along with supply of process equipment to these industries.

This strategic acquisition enables Jash Engineering to enter the fast-growing industrial process equipment segment and expand into new industrial sectors such as mining, metal, and paper industries. The move represents a significant diversification of Jash Engineering's business portfolio and strengthens its position in the capital goods sector.

Transaction Structure

The acquisition is being conducted on an arm's length basis and does not constitute a related party transaction. None of the promoters, promoter group, or group companies of Jash Engineering have any interest in the target entity. The transaction has been structured as a cash deal, providing immediate ownership transfer upon completion.

The company expects to complete the acquisition process by January 15, 2026, subject to the fulfillment of conditions outlined in the Share Purchase Agreement. No governmental or regulatory approvals are required for this acquisition, streamlining the completion process.