Josts Engineering Company Limited has incorporated a wholly owned subsidiary company named 'JOSTS TECHNO SOLUTIONS LIMITED' under the Companies Act, 2013. The Ministry of Corporate Affairs issued the Certificate of Incorporation on August 24, 2026, which was received by the company on August 25, 2026, at 12:51 a.m.

Subsidiary Company Details

  • Name: JOSTS TECHNO SOLUTIONS LIMITED
  • Authorized Share Capital: ₹1,00,000/-
  • Paid-up Share Capital: ₹1,00,000/-
  • Date of Incorporation: August 24, 2026
  • Industry: Engineered Products and Service Business
  • Operational Status: Yet to commence operations

Ownership and Control Structure

  • Percentage of Shareholding: 100% ownership by Josts Engineering Company Limited
  • Number of Shares Acquired: 10,000 equity shares of ₹10 each
  • Investment Amount: ₹1,00,000/- (Rupees One Lakh)

Related Party Transaction Details

The wholly owned subsidiary company is considered a related party of Josts Engineering Company Limited. Promoter directors of the parent company serve as directors of Josts Techno Solutions Limited. The company has obtained prior approval from the Audit Committee, and the investment is conducted on an arm's length basis.

Business Objectives

The subsidiary will carry out business in the field of Engineered Products and Service, which aligns with the main line of business of the listed entity.

Transaction Completion

The acquisition is complete as the company was incorporated on August 24, 2026. No governmental or regulatory approvals were required beyond the standard incorporation process.

Financial Impact

The investment represents a cash consideration of ₹1,00,000/- for 100% ownership of the subsidiary. The financial impact of this transaction is limited to the investment amount disclosed.

Geographical Presence

The newly incorporated subsidiary has no operational history or country presence as it has not yet commenced business operations.

Disclosure and Certification

The intimation was digitally signed by Babita Kumari, Company Secretary and Compliance Officer, on August 25, 2026, at 13:47:45 IST.