News Orders & Deals Josts Engineering Announces Postal Ballot Results for JECL Engineering SaleJosts Engineering Announces Postal Ballot Results for JECL Engineering Sale
Josts Engineering Company Limited has successfully completed its postal ballot proceedings for the proposed sale of 100% shareholding in its material subsidiary JECL Engineering Limited. The special resolution received overwhelming shareholder support with 98.37% votes in favour out of 7,664,626 total votes cast, representing a 64.81% voting turnout. The voting process was conducted through NSDL's remote e-voting facility from February 10 to March 11, 2026, with M/s Anubhuti Akshay & Associates serving as scrutinizer.
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Josts Engineering Company Limited has successfully completed its postal ballot proceedings and announced the results for the special resolution regarding the proposed sale of 100% shareholding in its material subsidiary, JECL Engineering Limited. The resolution was passed with overwhelming shareholder support, receiving 98.37% votes in favour.
Postal Ballot Results Overview
The scrutinizer's report dated March 12, 2026, confirmed that the special resolution was duly passed by shareholders with the requisite majority. The voting process was conducted through remote e-voting facility provided by National Securities Depository Limited (NSDL) from February 10 to March 11, 2026.
| Voting Results: | Details |
|---|---|
| Total Votes Cast: | 7,664,626 |
| Votes in Favour: | 7,539,449 (98.37%) |
| Votes Against: | 125,177 (1.63%) |
| Total Members Voted: | 96 |
| Voting Turnout: | 64.81% of outstanding shares |
Category-wise Voting Pattern
The voting results showed strong support across different shareholder categories, with promoters showing unanimous approval and public non-institutional holders demonstrating significant participation.
| Shareholder Category: | Shares Held | Votes Polled | Turnout (%) | Support (%) |
|---|---|---|---|---|
| Promoters and Promoter Group: | 5,683,958 | 5,682,963 | 99.98% | 100.00% |
| Public Institutional Holders: | 6,100 | 0 | 0.00% | 0.00% |
| Public Non-Institutional Holders: | 6,136,585 | 1,981,663 | 32.29% | 93.68% |
Regulatory Compliance and Process
The postal ballot was conducted in accordance with Section 110 read with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. M/s Anubhuti Akshay & Associates, appointed as scrutinizer, oversaw the fair and transparent conduct of the voting process.
| Process Details: | Information |
|---|---|
| Cut-off Date: | January 30, 2026 |
| Voting Period: | February 10 - March 11, 2026 |
| Result Declaration: | March 12, 2026 |
| Total Eligible Shareholders: | 12,665 |
| Scrutinizer: | M/s Anubhuti Akshay & Associates |
Documentation and Transparency
The company has submitted the detailed voting results along with the scrutinizer's report to BSE Limited as required under regulatory provisions. The results have been made available on multiple platforms including the company website ( www.josts.com ), NSDL website ( www.evoting.nsdl.com ), and BSE Limited website for complete transparency.
With the resolution now passed with requisite majority, the proposed sale of 100% shareholding in JECL Engineering Limited can proceed as per the terms outlined in the postal ballot notice dated February 5, 2026.
Historical Stock Returns for Josts Engineering Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.84% | -2.74% | -23.57% | -33.54% | -33.93% | +300.58% |
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