AGM Details
The 118th Annual General Meeting (AGM) of Jamshri Realty Limited is scheduled to be held through Video Conference (VC)/Other Audio Visual Means (OAVM) on Tuesday, 25th August 2026 at 12:00 noon. The deemed venue is the Registered Office at Fatehchand Damani Nagar, Station Road, Solapur - 413001.
Remote e-voting facility will be available from Saturday, 22nd August 2026 at 9:00 a.m. (IST) to Monday, 24th August 2026 at 5:00 p.m. (IST). The Register of Members and Share Transfer Books will remain closed from 19/08/2026 to 25/08/2026 (both days inclusive).
Financial Performance FY 2025-2026
Income Statement:
- Revenue from operations: ₹712.01 lakhs (PY: ₹703.12 lakhs)
- Other income: ₹165.86 lakhs (PY: ₹202.33 lakhs)
- Total income: ₹877.87 lakhs (PY: ₹905.46 lakhs)
- EBITDA: ₹370.70 lakhs (PY: ₹270.37 lakhs)
- Finance costs: ₹290.36 lakhs (PY: ₹292.61 lakhs)
- Depreciation: ₹94.20 lakhs (PY: ₹133.98 lakhs)
- Loss before tax: ₹(13.86) lakhs (PY: ₹(123.80) lakhs)
- Loss after tax: ₹(18.61) lakhs (PY: ₹(123.80) lakhs)
Segment-wise Performance:
- Property and Related Services: ₹485.71 lakhs
- Hospitality Services: ₹325.16 lakhs
Key Financial Position (as of 31 March 2026):
- Total assets: ₹565.495 lakhs
- Paid-up share capital: ₹698.65 lakhs (69,86,500 equity shares of ₹10 each)
- Net worth: Negative ₹(535.27) lakhs
- Borrowings: ₹537.872 lakhs (including current portion)
Business Operations and Developments
Jamshri City Development:
- Approximately 71,000 square feet of retail and commercial space occupied (70% of leasable area)
- New rentals commenced from Samsung, Adidas, and Levi's during FY26
- Anchor lessees/licensees include Zudio, Star Bazaar, Westside, Mr. DIY
- Average daily footfall: 1,800-2,000 visitors
- Connplex Cinemas fit-out in progress at year-end
- Parking capacity: 300 four-wheelers and 1,000 two-wheelers
Subsequent Events:
- Agreements finalized with US Polo Assn., Arrow, Blackberrys, Jockey, and Fastrack
- Rentals from these brands expected to commence during FY 2026-27
Sustainability Initiatives:
- 950 kW rooftop solar installation generated 11,37,878 units during FY26
- Rainwater harvesting scheme covering 60,000 square feet
- Electric vehicle charging points available
- Repurposed 80,000 square feet of existing mill structures
AGM Agenda Items
Ordinary Business:
1. Adoption of financial statements for FY ended 31 March 2026
2. Re-appointment of Shri Prem Ratan Damani (DIN: 00030400) as director
3. Re-appointment of Smt. Rekha Thirani (DIN: 00054058) as director
Special Business:
4. Re-appointment of Shri Rajesh Damani (DIN: 00184576) as Joint Managing Director for 1 year from 1 October 2026 with monthly salary of ₹45,000 and commission up to 1% of net profits
5. Special resolution to increase borrowing limits from ₹75 crore to ₹100 crore
6. Special resolution to create charges on company assets for amounts up to ₹100 crore
7. Ordinary resolution for approval of related party transaction to purchase solar power plant from Rampro Consultants Pvt Ltd for ₹2.2 crore plus GST
Capital Structure and Borrowings
- Finance costs for the year stood at ₹290.36 lakhs, equivalent to approximately 41% of revenue from operations
- Interest cover remained below one time through the year
- Net worth is negative due to accumulated losses from earlier years
- Company has borrowed to fund development of the campus
Corporate Governance
Board Composition:
- Shri Prem Ratan Damani (Managing Director)
- Shri Rajesh Damani (Chairman, Joint Managing Director & CFO)
- Smt. Rekha Thirani (Director)
- Shri Anand Dalal (Director)
- Dr. Pradeep Kumar Singhal (Director)
- Shri Ankoor Kulkarni (Director)
Auditors:
- Statutory Auditors: M/s. Mittal & Associates, Chartered Accountants
- Secretarial Auditor: M/s. Pimple & Associates
Voting Instructions
The company has provided detailed instructions for remote e-voting through depositories (CDSL/NSDL) and via Purva Sharegistry for physical shareholders. Members can also join the AGM through VC/OAVM facility.