Josts Engineering Company Ltd

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 [SEBI (LODR)] we would like to inform that the Board of Directors at their meeting held on 12th May 2022 had approved incorporation of Wholly Owned Subsidiary Company outside India with an initial investment of INR 500000/- (INR Five Lakhs Only). Thereafter Board of Directors in their meeting held on 14th November 2022 had approved the additional investment of INR 5000000/- (INR Fifty Lakhs Only) by way of subscription/acquisition of equity shares of Josts Engineering Inc. in USA Wholly Owned Subsidiary of the Company in one or more tranches. Out of the aforesaid approved investment the Company has invested USD 15000.00 equivalent INR 1237500/- (Rupees Twelve lacs Thirty seven thousand five hundred only) for acquiring 15000 Equity shares of Josts Engineering Inc. on 20th June 2023.The details required under SEBI(LODR) Regulations 2015 enclosed as Annexure-A.