JOST'S ENGINEERING CO.LTD. - 505750 - Disclosure Pursuant To Regulation 30 Of SEBI [Listing Obligations And Disclosure Requirements] Regulations 2015
We wish to inform you that the Board of Directors of the Company, at its Meeting held today, inter-alia, approved the following: - 1. Unaudited Standalone and Consolidated Financial Results for the quarter ended 31st December, 2020. 2. 2. Appointment of Mr. Jai Prakash Agarwal, the Non- Executive Chairman, as Executive Chairman of the Company w.e.f. 1st April, 2021 and payment of Remuneration to him. 3. 3. Stock Split in the ratio of 2:1 (i.e. 2 new equity shares of Rs. 5 each for existing 1 equity share of Rs. 10) subject to approval of the Shareholders at the Extra Ordinary General Meeting (EOGM) to be held on Wednesday, 24th March, 2021. In this EOGM it is proposed to alter Capital Clause V of the Memorandum of Association of the Company to give effect to Stock Split. 4. To advance loan to the extent of Rs. 2.00 Crores (Rupees Two Crores) to Company's Subsidiary, namely, MHE Rentals India Private Limited subject to approval of the Shareholders at the said EOGM.29-01-2021