Josts Engineering Company Limited has announced an extension to the closing date of its ongoing rights issue, providing shareholders with an additional day to participate. The company's Rights Issue Committee made this decision in response to multiple requests from eligible shareholders and to accommodate a bank holiday.

Key Points of the Extension

• The rights issue closing date has been extended from September 9, 2025, to September 10, 2025.
• The extension aims to allow better participation from eligible shareholders and provide adequate time for subscription.
• The rights issue originally opened on August 29, 2025.

Revised Schedule

The company has provided an updated timeline for the rights issue process:

Important Details for Shareholders

• The last date for submission of the duly filled Composite Application Form (CAF), along with the amount payable on application, is now September 10, 2025.
• Eligible shareholders are advised to take note of the new Issue Closure Date.
• There are no changes to the Letter of Offer (LOF), CAF, and Abridged Letter of Offer (ALOF) dated August 13, 2025, except for the modification in the Issue Closing date and the resultant changes in the post-issue activities timeline.

The decision to extend the closing date was made during a Rights Issue Committee meeting held on September 6, 2025. The meeting commenced at 6:00 PM and concluded at 6:45 PM.

Josts Engineering Company Limited has made this announcement in compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders and potential investors are encouraged to review the updated schedule and make informed decisions regarding their participation in the rights issue.

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.