Board approves related-party slump sale acquisition of railway-electrification AOP's business undertaking

Board of Jayant Infratech Ltd approved acquiring the business undertaking of M/s. Jayant Infraprojects (Association of Persons) on a slump sale basis as a going concern, under a Business Transfer Agreement.

Thu 1 Oct 2026

Total lump-sum consideration

Rs.1256.67/- Lakh, in cash

Existing stake held

30%

Stake being acquired

remaining 70% business interest

Deal structure

acquisition of business undertaking on a slump sale basis as a going concern, under a Business Transfer Agreement

Completion timeline

within twelve months, subject to member and exchange approvals

The board of Jayant Infratech Ltd, at its meeting held on Thursday, October 01, 2026, approved the acquisition of the business undertaking of M/s. Jayant Infraprojects (Association of Persons) on a slump sale basis as a going concern, under a Business Transfer Agreement and other related documents, subject to such approvals and conditions as may be applicable.

What is being acquired

M/s. Jayant Infraprojects is an Association of Persons incorporated on March 15, 2016. Its stated line of business is the design, drawing, supply, erection and commissioning of single phase traction overhead equipment for the Railways, and it is also engaged in railway electrification, electrical contract work and civil construction. It operates in India.

The reason the company gives

The acquisition will enable the company to consolidate its existing investment in the target and achieve full ownership and control over its operations. The target operates in the same line of business, railway electrification and infrastructure contracting, which the company cites as strong operational and strategic alignment.

The numbers

• Total lump-sum purchase consideration: Rs.1256.67/- Lakh, as per the valuation of the AOP.
• Form of consideration: cash.
• Current holding: the company holds a 30% stake in the AOP.
• Being acquired: the remaining 70% business stake/interest from the remaining members, through a slump sale of the AOP as a going concern.
• How it is paid: the company's existing 30% share in the AOP shall be adjusted against the total purchase consideration, and the balance is payable for the remaining 70%.
• Target's turnover: FY 2023-24 ₹18,56,52,765/-, FY 2024-25 ₹6,28,61,155/-, FY 2025-26 Rs. 22,58,33,237/-.

Related party angle

Mr. Nilesh Jobanputra and Mr. Jai Jobanputra, who are members of the Association of Persons, are also promoter and promoter group of the company. The proposed transaction therefore constitutes a related party transaction, is considered material, and is being undertaken on an arm's length basis.

Approvals and timeline

• The transaction is subject to the approval of the members of the company and such other approvals as may be required, including receipt of in-principle approval from the stock exchange and other applicable statutory or regulatory approvals.
• The acquisition is proposed to be completed within twelve months from the date of execution of the Business Transfer Agreement, subject to those approvals.

How this can be read

The disclosure sets out a related-party transaction in which the company is buying the balance of a business it already part-owns, in the same line of work, for a cash consideration based on the AOP's valuation, with member approval and exchange in-principle approval still to come. That is what the update states, and the transaction is at a proposed stage subject to those approvals.

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