Jayant Infratech543544Admin disclosure update

Typographical error in indicative time period for completion of proposed acquisition; revised Annexure-A shared

Clarification shared on a typographical error in the outcome of the October 01, 2026 board meeting — in the 'Indicative time period for completion of the acquisition' of M/s. Jayant Infraprojects (AOP).

By ScoutQuest · Wed 14 Oct 2026, 5:26 PM IST · 2 min read

30%Company's stake in the AOP

Company's stake in the AOP: 30%.

Indicative completion period: within six months from execution of the Business Transfer Agreement
Total lump-sum purchase consideration: Rs.1256.67/- Lakh
Stake held / proposed acquisition: holds 30% and proposes to acquire the remaining 70%

The company has shared a clarification letter about a clerical and typographical error in the outcome of its board meeting held on October 01, 2026, and has submitted a revised Annexure-A. The company states the error was unintentional and not deliberate.

Where the error was

The correction relates to the 'Indicative time period for completion of the acquisition'. The underlying disclosure concerns the proposed acquisition of the business undertaking of M/s. Jayant Infraprojects (Association of Persons) on a slump sale basis, pursuant to a Business Transfer Agreement.

The target entity

M/s. Jayant Infraprojects (Association of Persons), engaged in railway electrification, electrical contract work and civil construction, and in design, drawing, supply, erection and commissioning of 25kV, 50Hz Single Phase Traction Overhead Equipment for the Railways.
It operates in India.
Turnover: FY 2023-24 - ₹18.57 crore; FY 2024-25 - ₹6.29 crore; FY 2025-26 - Rs. 22.58 crore.

Time period for completion

The acquisition is proposed to be completed within six months from the date of execution of the Business Transfer Agreement, subject to approval of the shareholders of the Company and receipt of In-Principle approval from the Stock Exchanges.

Consideration and stake

The consideration is Cash Consideration.
The total lump-sum purchase consideration is Rs.1256.67/- Lakh, as per the valuation of the AOP.
The Company currently holds a 30% stake in the AOP and proposes to acquire the remaining 70% stake/business interest of M/s. Jayant Infraprojects from the remaining members.
The Company's existing 30% share in the AOP shall be adjusted against the total purchase consideration, and the balance consideration shall be payable for the acquisition of the remaining 70% stake/business interest of the remaining members in the AOP through slump sale of the AOP.

Approvals and related-party position

The transaction is subject to approval of the Members of the Company and such other approvals as may be required, including in-principle approval from the Stock Exchange and other applicable statutory/regulatory approvals.
The proposed transaction constitutes a Related Party Transaction. Mr. Nilesh Jobanputra and Mr. Jai Jobanputra, being members of the Association of Persons, are also promoter and promoter group of the Company.
The transaction is considered material and is being undertaken on an arm's length basis.

What this update does

The letter corrects one item in the earlier board-meeting disclosure - the indicative time period for completion - and the revised Annexure-A states that period as six months from execution of the Business Transfer Agreement, subject to the approvals mentioned. The stated objects of the acquisition are to consolidate the Company's existing investment in the target and to achieve full ownership and control over its operations, the target being in the same line of business, i.e. railway electrification and infrastructure contracting.

Rs. 22,58,33,237/-+21.6%

FY2023-24₹18,56,52,765/-FY2025-26Rs. 22,58,33,237/-

Turnover: ₹18,56,52,765/- (FY2023-24) and Rs. 22,58,33,237/- (FY2025-26).

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