Jagatjit Industries Limited

AGM Details

The 81st Annual General Meeting of Jagatjit Industries Limited will be held on Wednesday, 30th September, 2026 at 11:00 a.m. through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The Registered Office at Jagatjit Nagar, Distt. Kapurthala - 144802, Punjab, is deemed as the venue.

Book Closure Period

Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI LODR, the Register of Members and Share Transfer Books will remain closed from Friday, 25th September, 2026 to Wednesday, 30th September, 2026 (both days inclusive) for the purpose of AGM.

Ordinary Business Agenda

1. To receive, consider and adopt the Audited Standalone Financial Statements together with reports of Board of Directors and Auditors, and Audited Consolidated Financial Statements including Auditors' Report for FY ended 31st March, 2026.

2. To appoint Ms. Roshini Sanah Jaiswal (DIN: 00887811), who retires by rotation and offers herself for reappointment as Director.

3. To re-appoint M/s. V. P. Jain & Associates, Chartered Accountants, New Delhi (FRN 015260N) as Statutory Auditors for a second term of five consecutive years from conclusion of 81st AGM until conclusion of 86th AGM in 2031. Remuneration to be mutually agreed with Board along with reimbursement of out-of-pocket expenses.

Special Business Agenda

4. Ratification of Cost Auditor Remuneration: To ratify remuneration of ₹75,000/- (Rupees Seventy Five Thousand Only) plus applicable taxes and reimbursement of actual out-of-pocket expenses payable to M/s P. K. Verma & Co., Cost Accountants, Chandigarh (Firm Registration No. 000511) for audit of cost records for FY ending 31st March, 2027.

5. Reappointment of Mr. Ravi Manchanda as Managing Director: Special resolution to reappoint Mr. Ravi Manchanda (DIN: 00152760) as Managing Director for further two years with effect from 1st October, 2026 till 30th September, 2028, notwithstanding he has attained age of seventy years. Remuneration details:

  • Basic Salary: ₹2,62,563/- per month
  • HR Allowance: ₹1,31,281/- per month
  • Other allowance/benefits: ₹1,29,481/- per month
  • Company car with driver
  • Eligible for Employee Stock Options under Jagatjit Industries Limited Stock Incentive Plan, 2021

6. Reappointment of Ms. Roshini Sanah Jaiswal as Executive Director: Special resolution to reappoint Ms. Roshini Sanah Jaiswal (DIN: 00887811) as Executive Director for further three years with effect from 1st September, 2026. Remuneration details:

  • Salary and allowances: ₹20,00,000/- per month
  • Suitable furnished accommodation
  • Company car with driver and other perks as per Company Policy

Financial Performance Context

During FY 2025-26, Jagatjit's total income stood at ₹475.85 Crores compared to ₹670.34 Crores in previous year (decline of 29.01%). The Company earned profit before taxation of ₹10.18 Crores (including ₹95.30 Crores profit from sale of Gurugram Property, non-operational nature) compared to loss before taxation of ₹23.05 Crores in previous year. Total comprehensive income after tax was ₹10.48 Crores compared to comprehensive loss of ₹23.20 Crores in previous year.

Director Details

Ms. Roshini Sanah Jaiswal: Age 59 years, Political Science and Economics Graduate from New York University, holds 74,816 shares, appointed first on 01.09.2023, attended 5/5 board meetings in FY25-26.

Mr. Ravi Manchanda: Age 73 years, Engineering Graduate with P.G. Diploma in Marketing, holds 64,100 shares, appointed first on 06.10.2008, attended 5/5 board meetings in FY25-26.

Voting Arrangements

Remote e-Voting period begins at 9:00 a.m. on Sunday, 27th September, 2026 and ends at 5:00 p.m. on Tuesday, 29th September, 2026. Mr. Mohd Saqib, Practicing Company Secretary appointed as Scrutinizer. Results will be placed on company website www.jagatjit.com and communicated to BSE Limited.

Important Notes

  • AGM conducted virtually as per MCA General Circular No. 03/2025 dated 22nd September, 2025
  • Facility for appointment of proxies not available for virtual AGM
  • Members can join AGM 15 minutes before scheduled time through VC/OAVM
  • Notice and Annual Report sent electronically to members with registered email addresses