Jayant Infratech543544Acquisition deal news

EGM on Nov 10 to vote on buying Jayant Infraprojects business undertaking for ~Rs. 12.57 crore

Jayant Infratech has called an EGM on Tuesday, November 10, 2026 at 01:00 P.M. (IST) to vote on buying the entire business undertaking of Jayant Infraprojects (an Association of Persons) on a slump sale basis.

By ScoutQuest · Mon 19 Oct 2026, 6:25 PM IST · 2 min read

Rs.12,56,67,000/-Aggregate consideration for the acquisition

Balance consideration payable to other members of the sellerRs. 8,79,66,900/-

Value of interest adjusted against considerationRs. 3,77,00,100/-

Aggregate consideration for the acquisition Rs.12,56,67,000/-: Balance consideration payable to other members of the seller Rs. 8,79,66,900/-, Value of interest adjusted against consideration Rs. 3,77,00,100/-.

Aggregate Consideration: ~Rs. 12.57 crore
Consideration Settled via Existing 30% Stake: ~Rs. 3.77 crore (company's existing 30% interest in the seller)
Balance Payable to Other Members: ~Rs. 8.8 crore

Shareholders of Jayant Infratech Ltd will vote at an extraordinary general meeting on whether the company should acquire the entire business undertaking of Jayant Infraprojects (JIP), an Association of Persons, on a slump sale basis.

What is being acquired

The undertaking covers the railway electrification, electrical contract work and civil construction business carried on by the seller.
It includes movable and immovable properties, plant and machinery, equipment, tools, inventories, receivables, contracts, licences, permits, approvals, intellectual property, business records and goodwill, along with liabilities, rights, obligations and employees with their benefit obligations, subject to exclusions specifically identified in the Business Transfer Agreement.
No values are assigned to individual assets and liabilities in the transfer.

The money

Aggregate consideration for the acquisition is ~Rs. 12.57 crore.
Of this, ~Rs. 3.77 crore is discharged by adjusting the value attributable to the company's existing 30% interest in the seller.
The balance ~Rs. 8.8 crore is to be paid to the other members of the seller, and this includes ~Rs. 5.03 crore payable to Mr. Jai Jobanputra.

Related party and approvals

The transaction is a related party transaction and a material related party transaction; the update states it is being undertaken on an arm's length basis.
The Audit Committee and the Board approved it at their respective meetings held on October 01, 2026.
The resolution placed before members is an ordinary resolution.

If the cash is not paid on time

The company may discharge any unpaid portion of the consideration within the stipulated period by issuing and allotting fully paid-up equity shares on a preferential basis against that unpaid amount.
Such an issue would need the necessary approvals, including separate approval of members wherever required.

Meeting details

EGM on Tuesday, November 10, 2026 at 01:00 P.M. (IST) at the registered office at "Mangal Smriti", Bajpai Ground, Tilak Nagar, Bilaspur (C.G.) 495001.
Remote e-voting from Saturday, November 07, 2026 at 9:00 am (IST) to Monday, November 09, 2026 at 5:00 pm (IST).
Cut-off date for eligibility to vote: Tuesday, November 03, 2026.
M/s Rohtash Agrawal & Co., Practicing Company Secretaries, Raipur, has been appointed as the scrutinizer for the e-voting.

What to watch

The proposal is being put to shareholders for approval; the voting result will follow the meeting.
The consideration structure matters because the company part-funds the deal by giving up the value of its existing stake in the seller, and the shortfall, if any, can be settled through a preferential share issue.

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