Mehai Technology Limited

Key Quantitative Figures

  • Investment amount: ₹49,000
  • Number of shares subscribed: 4,900 equity shares of ₹10 each
  • Total issued share capital of JV: ₹1,00,000
  • Shareholding percentage: 49% by Mehai Technology Limited, 51% by Manjeera Engineering and Construction Co. Private Limited

Dates of Action

  • Date of incorporation: 28 August 2026
  • Date of agreement execution: 28 August 2026
  • Expected date of commercial operations: Not yet determined

Parties Involved

  • Mehai Technology Limited (Listed entity)
  • Manjeera Engineering and Construction Co. Private Limited (JV Partner)
  • Mehai Manjeera Enterprise Private Limited (JV Company, CIN: U96010WR2026PTC296431)

JV Company Details

  • Name: Mehai Manjeera Enterprise Private Limited
  • Nature of business: Housekeeping Services and allied activities
  • Country of Incorporation: India
  • Issued/Paid up share capital: ₹1,00,000

Governance Structure

The Board of Directors of the JV Company consists of one director from each partner:

  • Mr. Jugal Kishore Bhagat (representing Mehai Technology Limited)
  • Mr. Ashok Khoba (representing Manjeera Engineering and Construction Co. Private Limited)

Purpose and Rationale

The incorporation of the Joint Venture Company is in line with the Company's strategic objectives to undertake and provide mechanized cleaning, housekeeping and allied services to various organizations including:

  • Indian Railways and Railway Zones
  • Railway Production Units
  • Railway PSUs
  • Government Departments and Ministries
  • Local Authorities and Statutory Bodies
  • Government Companies
  • Public Sector Undertakings
  • Autonomous bodies
  • Private organizations and other entities

Specific services include mechanized laundry services, laundry management services, washing, drying, ironing, pressing, folding, packing, handling and distribution of linen, bed rolls and other textile articles.

Transaction Details

  • Nature of consideration: Subscription to Equity Shares
  • Total consideration by the Company: ₹49,000 for 4,900 equity shares of ₹10 each
  • Size of agreement: No separate monetary consideration beyond share subscription
  • The parties are not related parties
  • The transaction does not fall under related party transactions

Impact Assessment

  • The transaction is not expected to have any material adverse impact on the Company
  • The transaction is in the ordinary course of business and in furtherance of the Company's business objectives
  • No conflict of interest exists
  • No other material terms or conditions beyond those disclosed