Jaso Equipos de Obras y Construcciones cuts capital by 20.7 million

Jaso Equipos de Obras y Construcciones SL reduces its share capital by 17,715,403.46 euros, an operation completed with two subsequent reductions that leave the subscribed capital at 15,157,830.00 euros. The agreement is registered in the Mercantile Registry of Gipuzkoa and published in the Official Gazette of the Mercantile Registry (BORME) number 185, dated September 24, 2026, with reference BORME-A-2026-185-20 and entry number 427851. The cumulative reduction amounts to 20,746,980.00 euros.

The announcement appears in the First Section of the BORME, dedicated to acts registered by entrepreneurs, under the Gipuzkoa heading. The recorded registration data are S 8, H SS 20761, I/A 68, with a registration date of September 14, 2026.

This is not the first time the company has adjusted its capital figure. In 2018, it increased capital by 28,507,000.00 euros, up to 62,395,800.00 euros (registration I/A 44, dated January 17, 2018), and in 2019, it executed three reductions—19,310,023.50, 6.50, and 7,180,960.00 euros—which left the capital at 35,904,810.00 euros (I/A 47, dated October 24, 2019). That figure remained until the operation now published.

Three chained reductions

The entry details three successive capital reductions, each with its resulting capital:

• Reduction of 17,715,403.46 euros: resulting subscribed capital of 18,189,406.54 euros.
• Reduction of 6.54 euros: resulting subscribed capital of 18,189,400.00 euros.
• Reduction of 3,031,570.00 euros: resulting subscribed capital of 15,157,830.00 euros.

Altogether, the company cuts 20,746,980.00 euros of capital, from the current 35,904,810.00 euros to the final 15,157,830.00 euros, which is equivalent to slightly more than half of the previous figure. The published entry does not detail the purpose of the reductions nor the procedure followed.

Recent registration history

Registration sheet H SS 20761 accumulates continuous movements in recent years, confirming the sustained corporate activity of the company:

• August 10, 2026: re-election of auditor, Auditoría y Gestión Empresarial SL (I/A 67).
• December 17, 2025: revocation and appointment of proxy for Jesús Tornay Gómez (I/A 65) and Amaia Susperregui Insausti (I/A 66).
• November 13 and 20, 2024: appointment of joint proxy for Milena Gemme Moncalvo (I/A 63) and re-election of auditor (I/A 64).
• September 20, 2021: re-election of auditor (I/A 51).

What a capital reduction means

Capital reduction is a recordable act in the Mercantile Registry, and its publication in the BORME serves as a public notice to third parties, partners, and creditors. In this case, the announcement is limited to recording the amount of each reduction and the resulting subscribed capital, without specifying whether it is due to the offsetting of losses, the return of contributions, or any other legally provided cause.

The company is registered in the Mercantile Registry of Gipuzkoa, under folio number H SS 20761, and operates in the construction and works equipment sector, an industrial capital goods segment linked to construction activity.

Impact

The cut of more than 20 million euros leaves Jaso Equipos de Obras y Construcciones SL with a subscribed capital of 15,157,830.00 euros, well below the 35.9 million it had carried since 2019 and the 62.4 million it reached in 2018. For suppliers, customers, and financial institutions, this figure is relevant because a capital reduction of this magnitude alters the company’s equity structure and modifies its capacity to respond to commitments, in addition to being a common indicator of corporate reorganization or balance sheet cleanup within the Gipuzkoan industrial fabric.

Source: Official Gazette of the Mercantile Registry, no. 185, September 24, 2026, First Section (Entrepreneurs, registered acts), page 45055 (official reference: BORME-A-2026-185-20).