Key Dates

  • Record Date: Tuesday, July 21, 2026 (for determining entitlement to dividend and voting rights)
  • AGM Date: Tuesday, July 28, 2026 at 2:30 PM IST
  • Remote E-voting Period: Saturday, July 25, 2026 (9:00 AM) to Monday, July 27, 2026 (5:00 PM)
  • Dividend Payment Date: On or before August 26, 2026 (if approved)

AGM Details

The 17th Annual General Meeting will be conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in compliance with MCA circulars. The deemed venue is the registered office at 11th Floor, Vikas Centre, Dr. C. G. Road, Chembur - East, Mumbai - 400074.

Business to be Transacted

Ordinary Business

1. Adoption of Financial Statements: To consider and adopt the audited financial statements for FY 2025-26 ending March 31, 2026, along with reports of Board of Directors and Auditors.

2. Declaration of Dividend: To declare a final dividend of ₹3 per equity share (face value ₹10 each) for FY 2025-26, as recommended by the Board.

3. Appointment of Director: To appoint Mr. Sanjay Namdeo Salunkhe (DIN: 01900632), who retires by rotation, as a Director of the Company.

Special Business

4. Re-appointment of Independent Director: Special resolution to re-appoint Dr. Alpa Urmil Antani (DIN: 10470840) as Independent Director for a second term of five years from January 27, 2027 to January 26, 2032.

  • Current term ends: January 26, 2027
  • FY25-26 Sitting Fees: ₹1.25 lakhs
  • Board Meetings attended: 6 out of 12
  • Shareholding: Nil

5. Re-appointment of Independent Director: Special resolution to re-appoint Dr. Vaijayanti Ajit Pandit (DIN: 06742237) as Independent Director for a second term of five years from May 03, 2027 to May 02, 2032.

  • Additional approval required as she will attain 75 years of age on January 12, 2028 during her term
  • Current term ends: May 02, 2027
  • FY25-26 Sitting Fees: ₹3.95 lakhs
  • Board Meetings attended: 12 out of 12
  • Shareholding: Nil
  • Holds multiple directorships including Everest Kanto Cylinder, Tata Teleservices, Mysore Petro Chemicals

6. Increase in Managerial Remuneration: Special resolution to increase managerial remuneration payable to Ms. Ranjita Raman (DIN: 07132904), Whole-time Director and CEO, from 5% to 8% of net profits for FY 2026-27.

  • Purpose: To accommodate potential perquisite value from exercise of ESOP options granted under "Jaro Education Employee Stock Option Plan 2022"
  • ESOP Grants: 187,500 options (Grant 1) and 100,000 options (Grant 2)
  • FY25-26 Remuneration: ₹245.80 lakhs
  • Current Shareholding: 220,490 equity shares
  • No additional cash outflow for the Company

Dividend Information

  • Rate: ₹3 per equity share (30% of face value ₹10)
  • Record Date: July 21, 2026
  • Payment Date: On or before August 26, 2026
  • Payment Mode: Electronic only (no physical warrants)
  • Unclaimed Dividend: No amounts transferred to Unpaid Dividend Account or IEPF

Tax Treatment of Dividend

  • Resident Shareholders: TDS at 10% (with PAN), 20% (without PAN or unlinked PAN-Aadhaar)
  • Exemptions: LIC, GIC, specified insurers, government, RBI, mutual funds, AIFs, provident funds
  • Non-Resident Shareholders: TDS at 20% plus applicable surcharge and cess for FIIs/FPIs; may avail DTAA benefits with proper documentation
  • Document Submission Deadline: July 21, 2026, by 11:59 PM IST

Voting Arrangements

  • Scrutinizer: CS Himanshu Gajra, M/s. Himanshu Gajra & Co.
  • E-voting Provider: National Securities Depository Limited (NSDL)
  • Voting Rights: Based on shareholding as of July 21, 2026
  • Results Declaration: Within 2 days of AGM conclusion on company website and stock exchange portals

Financial Performance Reference (FY 2025-26)

  • Total Income: ₹2,850.018 lakhs
  • Profit Before Tax: ₹702.525 lakhs
  • Profit After Tax: ₹529.164 lakhs
  • EPS (Basic): ₹24.97
  • EPS (Diluted): ₹24.78

Director Information

Mr. Sanjay Namdeo Salunkhe (Chairman & Managing Director)

  • Age: 62 years
  • DIN: 01900632
  • Shareholding: 12,314,166 equity shares (55.29%)
  • FY25-26 Remuneration: ₹224.68 lakhs
  • First appointed: July 09, 2009

Company Background

  • Industry: Online higher education and upskilling
  • Incorporation Date: July 09, 2009
  • RTA: Bigshare Services Private Limited