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

Dec 24, 2023

Jost's Engineering Company Limited

C-7 Wagle Industrial Estate, Road No -12, Thane -400604, India +91-022-62674000 sales@josts.in www.josts.com

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Diverse Technology Integrated Approach

24[th] December, 2023

The Secretary BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai— 400001

Scrip Code- 505750 Sub: Intimation of Allotment of Equity Shares and Fully Convertible Warrants under the provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and applicable provisions of the Companies Act, 2013 and the rules made thereunder, each as amended (the "Preferential Issue").

Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sirs,

This is in continuation to our letters dated 9[th] November, 2023 and 7[th] December, 2023, regarding the approval of issue and allotment of Equity Shares and Fully Convertible Warrants through Preferential Issue on Private Placement Basis and pursuant to Regulation 30 read with Schedule III to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"). In this regard, the Board of Directors has approved, by way of passing circular resolution dated 23[rd] December, 2023, the following:

• a. Allotment of 2,25,000 (Two Lakh Twenty Five Thousand) fully paid up Equity Shares of Rs. 2/- (Rupees Two Only) each at a price of Rs. 506.50/- (including a premium of Rs. 504.50/-) per equity share aggregating to Rs. 11,39,62,500/- (Rupees Eleven Crores Thirty-Nine Lakhs Sixty Thousand Five Hundred Only), for Cash, on preferential basis by way of private placement to the following Applicants belonging to Non-promoter Category:

S. No.	Name of the Allottee	Category	No. of Equity Shares Allotted
1	Mr. Jatin Hasmukhlal Shah	Non-Promoter	5,000
2	Mr. Vipulbhai Kanubhai Patel	Non-Promoter	5,000
3	Mr. RaseshVipinChokshi	Non-Promoter	20,000
4	Mr. Nishith Ramesh Parikh	Non-Promoter	10,000
5	Mr. Sharad Kanayalal Shah	Non-Promoter	80,000
6	Mr.ChandulalNanchand Shah	Non-Promoter	5,000
7	Ms. Saloni Senapaty	Non-Promoter	10,000
8	M/S WepPeripheralsLimited	Non-Promoter	10,000
9	M/s Anantroop Financial Advisory Services Private Limited	Non-Promoter	40,000
10	Mr. KevalNavinchandraDoshi	Non-Promoter	40,000
		Total	2,25,000

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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

• b. Allotment of 1,00,000 (One Lakh) Fully Convertible Warrants (‘Warrants’) at an issue price of Rs. 506.50/- (including a premium of Rs. 504.50/-) per warrant, upon receipt of 25% of issue price in accordance with provisions of SEBI (ICDR) Regulations 2018, convertible at the option of the Warrant holder, in one or more tranches, within 18 (Eighteen) months from the date of allotment into equivalent number of fully paid up equity shares of face value of Rs. 2/- (Indian Rupees Two Only) each of the Company, on payment of balance 75% of the issue price, on preferential basis by way of private placement, to the following Applicants belonging to Promoter and Promoter Group Category:

S. No.	Name of the Allottee	Category	No. of Warrants Allotted
1	Mr.Jai Prakash Agarwal	Promoter	50,000
2	Mr. Vishal Jain	Promoter	25,000
3	Mrs.Shikha Jain	Promoter	25,000
		Total	1,00,000

Consequent to the allotment of Equity Shares, the paid-up equity share capital of the Company stands increased from INR 93,28,730/- (Indian Rupees Ninety Three Lakhs Twenty Eight Thousand Seven Hundred Thirty Only) divided into 46,64,365 (Forty Six Lakh Sixty Four Thousand Three Hundred Sixty Five) Equity Shares to INR 97,78,730/- (Indian Rupees Ninety Seven Lakh Seventy Eight Thousand Seven Hundred Thirty only) divided into 48,89,365 (Forty Eight Lakh Eighty Nine Thousand Three Hundred Sixty Five) Equity Shares of face value of INR 2/-(Indian Rupees Two only) each.

The Company has also received in-principle approval from BSE Limited vide letter no. LOD/PREF/VK/FIP/988/2023-24 dated 18[th] December, 2023. The application for listing and trading approval of the Stock Exchange for the Equity Shares allotted as above will be made in due course.

This is for your information and record.

Thanking You,

Yours faithfully,

For Jost’s Engineering Company Limited

Babita Digitally signed by Babita Kumari Date: 2023.12.24 Kumari 12:38:23 +05'30'

Babita Kumari Company Secretary M. No.: A40774