JSL Industries Limited has announced securing a prestigious order worth Rs. 7.88 crores (excluding GST) from Gujarat Energy Transmission Corporation Limited (GETCO), marking a significant achievement for the company's Instrument Transformer Division. The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015, on January 28, 2026.

Order Details and Specifications

The contract involves the supply of 66KV Class Current Transformers and Potential Transformers (CT/PT) to GETCO, headquartered at Sardar Patel Bhavan, Race course, Vadodara, Gujarat. This domestic order represents a substantial business opportunity for JSL Industries in the power transmission equipment sector.

Commercial Terms and Conditions

The order comes with comprehensive commercial terms that include several key provisions. The payment terms follow the conditions mentioned in the commercial terms and conditions under e-procurement guidelines. The contract encompasses inclusive packing and forwarding, freight, and insurance costs, while GST remains exclusive of the quoted price.

Guarantee and Support Structure

The contract includes a robust 60-month guarantee period from the date of receipt of material at the customer's stores. Within this period, 12 months from the date of commissioning or 18 months from the date of supply (whichever is earlier) will be supported by a Bank Guarantee equivalent to 10% of the contract value.

Regulatory Compliance

JSL Industries has confirmed that this order does not constitute a related party transaction, and there is no interest from promoters, promoter groups, or group companies in the entity that awarded the contract. The company has provided all additional details as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Background

JSL Industries Limited operates from its registered office and works located at Village Mogar, Anand district, Gujarat. The company maintains ISO 9001:2015 certification and has been serving the electrical equipment manufacturing sector since its incorporation in 1966.

Source:

JSL Industries Limited has received a favorable order from the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) Ahmedabad in a service tax dispute case. The company disclosed this development to BSE Limited on January 24, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Case Details and Background

The service tax dispute pertained to remuneration paid by JSL Industries to Smt. T.R. Amin, who served as Whole Time Director of the company. The case covered the period from October 2015 to June 2017, during which the director received total remuneration of Rs.89,77,500/-.

Financial Implications

The original demand raised by the tax authorities included service tax of Rs.13,30,501/- on the remuneration amount. However, CESTAT Ahmedabad ruled in favor of JSL Industries, setting aside the entire service tax demand.

Tribunal's Decision

The CESTAT Ahmedabad concluded that the remuneration paid to Smt. T.R. Amin in her capacity as Whole Time Director was not liable to service tax. The company stated that the matter was very strong on merits, which ultimately led to the favorable outcome.

Regulatory Compliance

JSL Industries fulfilled its disclosure obligations by informing BSE Limited about this development. The disclosure was made pursuant to SEBI Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155/2024 dated November 11, 2024, which requires companies to provide additional details regarding litigation matters. Company Secretary and Compliance Officer Yogiraj Hemant Atre signed the disclosure document on behalf of the company.