Josts Engineering Co. Ltd. — Capital/Financing Update 2023

Dec 29, 2023

Jost's Engineering Company Limited

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Diverse Technology Integrated Approach

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C-7 Wagle Industrial Estate, Road No -12, Thane -400604, India

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+91-022-62674000 sales@josts.in

www.josts.com

29[th] December, 2023

To, The Secretary, BSE Ltd., Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001

Scrip Code- 505750 Sub: Intimation of investment in JECL Engineering Limited. Ref: Intimation given under Regulation 30 dated 27[th] March, 2023

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [SEBI (LODR)], we would like to inform that the Board of Directors at their meeting held on Monday, 27[th] March, 2023, had approved the investment in the share capital of M/s. JECL Engineering Limited ("JECL"), a Wholly Owned Subsidiary of the Company and/or grant loans and advances to JECL and/or to give Guarantees on behalf of JECL, in one or more than one tranche with a maximum cap of Rs. 15 Crores.

Out of the approved investment of Rs. 15 Crores, the Company has invested today Rs. 5,00,00,000/- (Rupees Five Crores Only) in JECL Engineering Limited towards the acquisition of equity shares by way of rights issue.

The details required under the Regulation 30 of SEBI(LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015, are enclosed as Annexure-A.

This is for your information and records. Thanking You,

Yours Faithfully,

For Jost’s Engineering Company Limited

Babita Digitally signed by Babita Kumari Date: 2023.12.29 Kumari 13:34:58 +05'30'

Babita Kumari Company Secretary M. No.: A40774

Encl: As above

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Regd. Office: Great Social Building, 60 Sir Phirozeshah Mehta Road, Mumbai- 400001, India

jostsho@josts.in

CIN: L28100MH1907PLC000252

+91-022-22704071

		Annexure-A
Sr. No	Particulars	Details
1	Name of the target entity, details in brief such as size, Turnover etc	JECL Engineering Limited (“JECL”), Wholly Owned Subsidiary of the Company incorporated on 12thDecember, 2022. Authorised Share Capital: Rs. 8,00,00,000/- Paid up share Capital: Rs. 1,00,000 Turnover for the financial year 2022-23: NIL (Since the company was incorporated on 12.12.2023 and is in the process of commencing its manufacturing activities)
2	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at 'arm's length".	The Wholly Owned Subsidiary Company is a related party of the Company. Promoter directors of Jost’s Engineering Company Limited are director of the JECL. The Company has also taken prior approval of the Audit Committee. The proposed investment in Subsidiary Company is at arm’s length basis.
3	Industry to which the entity being acquired belongs.	Manufacturing and Trading of Material HandlingEquipments.
4	Objects and effects of acquisition including but not limited to, disclosure of reasons for acquisition of target entity if its business is outside the main line of business of target entity.	NA
5	Brief details of any governmental or regulatory approvals required for the acquisition.	NA
6	Indicative time period for completion of the acquisition.	1 month
7	Nature of consideration - whether cash consideration or share swap and details of the same.	Cash consideration
8	Cost of acquisition or the price at which the shares are acquired.	At par
9	Percentage of shareholding control acquired and /or number of shares acquired.	100%/ 50,00,000 Equity Shares

Babita Digitally signed by Babita Kumari Date: 2023.12.29 Kumari 13:35:21 +05'30'

10	Brief background about the entity acquired in terms of product/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information.		JECL was incorporated on 12thDecember, 2022, as a Public Limited company under the Companies Act, 2013. Currently, the registered office of the Company is situated at 304, 3rdFloor, Bharat Chamber Sant Tukaram Road, Carnac Bunder, Mumbai -400 009. This Company is engaged in the Manufacturing and Trading of Material Handling Equipments. S. No. Financial Year Turnover (Rs. In Lakhs) 1 2022-23 NIL (Since the company was incorporated on 12.12.2023 and is in the process of commencing its manufacturing activities) 2 2021-22 NA, Since the company was incorporated on 12.12.2022. 3 2020-21	JECL was incorporated on 12thDecember, 2022, as a Public Limited company under the Companies Act, 2013. Currently, the registered office of the Company is situated at 304, 3rdFloor, Bharat Chamber Sant Tukaram Road, Carnac Bunder, Mumbai -400 009. This Company is engaged in the Manufacturing and Trading of Material Handling Equipments. S. No. Financial Year Turnover (Rs. In Lakhs) 1 2022-23 NIL (Since the company was incorporated on 12.12.2023 and is in the process of commencing its manufacturing activities) 2 2021-22 NA, Since the company was incorporated on 12.12.2022. 3 2020-21	JECL was incorporated on 12thDecember, 2022, as a Public Limited company under the Companies Act, 2013. Currently, the registered office of the Company is situated at 304, 3rdFloor, Bharat Chamber Sant Tukaram Road, Carnac Bunder, Mumbai -400 009. This Company is engaged in the Manufacturing and Trading of Material Handling Equipments. S. No. Financial Year Turnover (Rs. In Lakhs) 1 2022-23 NIL (Since the company was incorporated on 12.12.2023 and is in the process of commencing its manufacturing activities) 2 2021-22 NA, Since the company was incorporated on 12.12.2022. 3 2020-21
			S. No.	Financial Year	Turnover (Rs. In Lakhs)
			1	2022-23	NIL (Since the company was incorporated on 12.12.2023 and is in the process of commencing its manufacturing activities)
			2	2021-22	NA, Since the company was incorporated on 12.12.2022.
			3	2020-21

Babita Digitally signed by Babita Kumari Date: 2023.12.29 Kumari 13:35:39 +05'30'