Acquisition of 100% stake in Penstocks (UK) Limited - Jash Engineering Ltd

Code BSE: 544402 NSE:

Waterfront fluid controls Limited UK, a subsidiary of Jash Engineering Ltd This acquisition will help Waterfront to establish a pan UK presence with operations in Scotland, as well as Midlands. The major water utility companies in UK are based in Midlands and South of England and hence this additional presence in Midlands will reinforce Waterfront ability to support its clientele in Marketing and Servicing related activities. Post this acquisition, Penstocks (UK) Ltd becomes step down subsidiary of Jash Engineering Ltd.