Josts Engineering Company , a long-standing engineering firm established in 1907, has announced a rights issue to raise up to ₹49.89 crore. The company aims to offer up to 18,47,913 fully paid-up equity shares at a price of ₹270 per share, including a premium of ₹269.

Rights Issue Details

Key Information for Shareholders

1. Eligibility: The rights issue is open to eligible equity shareholders of the company as of the record date.
2. Application Process: Applications must be made through the ASBA (Application Supported by Blocked Amount) process only.
3. Allotment: Rights equity shares will be allotted in dematerialized form only.
4. Fractional Entitlements: Shareholders with less than 27 shares will have their fractional entitlements ignored but may be given preferential consideration for one additional share if they apply for it.
5. Renunciation: Eligible shareholders can renounce their rights entitlements through on-market or off-market transfer during the renunciation period.

Use of Proceeds

The specific use of proceeds was not detailed in the provided information.

Company Background

Josts Engineering Company Limited, incorporated in 1907, has a rich history in the engineering sector. The company's shares are listed on the BSE under the ISIN: INE636D01041.

Promoter Participation

The company's promoters include Krishna Agarwal, Jai Prakash Agarwal, Anita Agarwal, Rajendra Kumar Agarwal, Vishal Jain, and Shikha Jain. Their participation in the rights issue was not specified in the provided information.

Investors are advised to carefully read the Letter of Offer and related documents for full details of the rights issue before making any investment decisions. The rights issue is subject to market conditions and receipt of necessary approvals.

Josts Engineering Company Limited has announced a rights issue to raise up to ₹49.95 crore.

Key Details of the Rights Issue

• Issue size: Up to 18,50,000 equity shares
• Issue price: ₹270.00 per share (including a premium of ₹269.00 per share)
• Rights entitlement ratio: 5 rights equity shares for every 27 existing shares held
• Record date: August 20, 2025
• Issue opens: August 29, 2025
• Issue closes: September 9, 2025

Use of Proceeds

The company plans to utilize the net proceeds as follows:

Recent Financial Performance

For FY2025, Josts Engineering reported:

The rights issue is aimed at strengthening the company's balance sheet and supporting its growth plans. Existing shareholders will have the opportunity to participate in the company's future growth by subscribing to the rights issue.

Josts Engineering is engaged in the business of material handling equipment and engineered products. The company has a diverse product portfolio including platform trucks, forklifts, racking systems, and other material handling solutions.