Jost’s Engineering Company Limited Completes Sale of Subsidiary JECL Engineering Limited
Josts Engineering Company Limited has completed the transfer of its 100% shareholding in its subsidiary, JECL Engineering Limited (JECL), following shareholder approval obtained through a postal ballot on March 11, 2026. The transfer was finalized on March 24, 2026, upon receipt of consideration and the execution of definitive agreements, including a Share Purchase Agreement with Mr. Rahul Dhoot, a Brand Assignment Agreement, a Trademark License Agreement, and a Transition Services Agreement.As a result of this transaction, JECL Engineering Limited is no longer considered a subsidiary of Josts Engineering Company Limited, effective March 24, 2026.
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