Outcome of Board Meeting

• Security Code: 505750
• Company: JOSTS

We wish to inform you that the Board of Directors of the Company, at its Meeting held today, i.e., 13th November, 2018, at the Registered Office of the Company, situated at Great Social Building, Sir Phirozeshah Mehta Road, Fort, Mumbai-400001, inter-alia, approved the following: -

1. Unaudited Financial Results, for the quarter ended 30th September, 2018, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and extract of the same to be published in the newspapers, pursuant to Regulations 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Accordingly, the said Financial Results alongwith Limited Review Report of the Statutory Auditors, namely, M/s. Singhi & Co., Chartered Accountants, are enclosed.

Please note that the extract of aforesaid unaudited Financial Results will be published in the Newspapers, within the stipulated time, pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

2. Issue of Corporate Guarantee of Rs. 4.36 Crores by Jost's Engineering Company Ltd., in favour of ICICI Bank Limited (ICICI Bank) in connection with Loan sanctioned by ICICI Bank, to Company's Subsidiary, namely, MHE Rentals India Private Limited.

3. Issue of additional Corporate Guarantee to the extent of Rs. 39.08 Lakhs by Jost's Engineering Company Ltd., in favour of SREI Equipment Finance Limited, in connection with the Loan given by it to the Company's Subsidiary, namely, MHE Rentals India Private Limited.

4. Winding Up of Company's Wholly Owned Subsidiary, namely, Jost's Engg. Global- F.Z.E, UAE.

5. Issue of Corporate Guarantee to the extent of Rs. 10 crores by Jost's Engineering Company Limited, in favour of body corporate/(s) or person/(s) giving loan/(s) to Company's Subsidiary/ ies.