JATTASHANKAR INDUSTRIES LIMITED

Key Quantitative Figures

Financial Performance for FY 2025-26:

  • Revenue from Operations: ₹12,941.37 lakhs (Previous year: ₹817.07 lakhs)
  • Other Income: ₹68.28 lakhs (Previous year: ₹140.06 lakhs)
  • Total Income: ₹13,009.65 lakhs (Previous year: ₹957.13 lakhs)
  • Total Expenses: ₹12,886.20 lakhs (Previous year: ₹962.33 lakhs)
  • Profit Before Tax: ₹123.45 lakhs (Previous year: loss of ₹116.11 lakhs)
  • Tax Expense: ₹20.95 lakhs (Previous year: ₹2.79 lakhs)
  • Profit After Tax: ₹102.50 lakhs (Previous year: loss of ₹118.90 lakhs)
  • Brought forward profit/(losses): ₹985.06 lakhs
  • Carried forward profit: ₹1,087.56 lakhs

Share Capital Structure:

  • Authorized Share Capital: ₹13,10,00,000 divided into 1,31,00,000 Equity Shares of ₹10 each
  • Issued, Subscribed and Paid-up Share Capital: ₹4,38,71,000 divided into 43,87,100 Equity Shares of ₹10 each
  • The company has allotted 80,88,695 Convertible Warrants which have not yet been converted into Equity Shares

Dates of Action

  • AGM Date: Monday, 28th September, 2026 at 02:00 p.m. through video conference
  • Cut-off Date: Monday, 21st September, 2026 for determining members eligible to vote
  • Remote e-voting period: Friday, 25th September 2026 (9:00 a.m. IST) to Sunday, 27th September, 2026 (5:00 p.m. IST)
  • Book Closure: 21st September, 2026 to 28th September, 2026 (both days inclusive)

Parties Involved

Board of Directors:

  • Mr. Keval Jayanti Khudai - Managing Director (DIN: 11153664)
  • Mr. Nileshbhai Bhagvanji Bapodara - Whole Time Director (DIN: 11193225)
  • Mr. Vishal Prakashbhai Ashara - Director (Executive Director) (DIN: 11150490)
  • Mr. Siddharth Parshottam Gajra - Independent Director (DIN: 10223234)
  • Mr. Harsh Pankajkumar Nayak - Independent Director (DIN: 10805325)
  • Ms. Meghanaben Chiragbhai Patel - Chief Financial Officer
  • Mrs. Mayuri S Asawa - Independent Women Director

Company Secretary: Varsha Maheshwari

Statutory Auditors: M/s K.K. Jhunjhunwala & Co., Chartered Accountants (Firm Registration No. 111852W)

Registrar & Transfer Agents: MUFG Intime India Pvt. Ltd.

AGM Agenda Items

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended 31st March 2026

2. Re-appointment of Mr. Vishal Ashara (DIN: 11150490) who retires by rotation

Special Business:

3. Cancellation of Resolution passed in the 37th AGM held on 20th September, 2025

4. Shifting of registered office from State of Maharashtra to State of Gujarat and alteration to Memorandum of Association

5. Approval of sub-division of Equity shares from face value of ₹10.00 to ₹1.00 each

6. Alteration in Capital clause of Memorandum of Association

7. Adoption of new set of Memorandum of Association as per Companies Act, 2013

Share Subdivision Details

The proposed sub-division involves:

  • 1 Fully Paid-up Equity Share of ₹10.00 each into 10 Fully Paid-up Equity Shares of ₹1.00 each
  • Authorized Share Capital will remain ₹13,10,00,000 but divided into 13,10,00,000 Equity Shares of ₹1.00 each
  • Paid-up Share Capital will remain ₹4,38,71,000 but divided into 4,38,71,000 Equity Shares of ₹1.00 each
  • The 80,88,695 outstanding Convertible Warrants will be adjusted accordingly upon conversion

Registered Office Shift

The company proposes to shift its registered office from:

11, Parasrampuria Apartment, Film City Road, Gokuldham, Goregaon (East), Mumbai-400063, Maharashtra

To:

Office No B-311, 3rd Floor Empire Business Hub, Science City Road, Sola, Ahmedabad, Gujarat, 380060

Change in Business Nature

During FY 2025-26, the company discontinued its erstwhile business activity of manufacturing and processing of polyester yarns and altered its Main Objects to undertake business activities relating to agricultural commodities, including purchase, sale, supply, import, export, trading and distribution of agricultural products, edible oils, food products, commodities and allied goods.

Management Changes

Appointments during the year:

  • Meghanaben Chiragbhai Patel as CFO (22/08/2025)
  • Harsh Pankajkumar Nayak as Independent Director (07/08/2025)
  • Keval Jayanti Khudai as Managing Director (07/08/2025)
  • Nileshbhai Bhagvanji Bapodara as Whole Time Director (07/08/2025)
  • Siddharth Parshottam Gajra as Independent Director (07/08/2025)
  • Vishal Prakashbhai Ashara as Director (21/06/2025)

Cessations during the year:

  • Ms. Richa Sushil Choudhary as Director (07/08/2025)
  • Mr. Sharad Poddar as Director (07/08/2025)
  • Mr. Ankur Sharad Poddar as CFO and Director (07/08/2025 from CFO, 21/06/2025 from Director)
  • Mrs. Ruchika Kabra as Independent Director (07/08/2025)

Change in Promoters

Pursuant to a Share Purchase Agreement dated 20th December, 2024, the existing Promoters sold 31,82,900 Equity Shares (72.55% of paid-up equity share capital) to Mr. Tarunkumar Gunvantlal Patel, Mr. Vedant Tarunbhai Patel, Mr. Vishal Prakashbhai Ashara, Mr. Keval Jayanti Khudai and Mr. Nileshbhai Bhagvanji Bapodara ("Acquirers"), who consequently became the new Promoters of the Company effective 18th August, 2025.

Dividend Declaration

No dividend recommended for the financial year ended 31st March, 2026 to conserve capital for expansion activities and working capital requirements.

Financial Impact

Financial impact of the share subdivision will not change the aggregate amount of Authorized or Paid-up Share Capital but will increase the number of shares outstanding. The registered office shift may result in administrative cost savings but financial impact not quantified in the disclosure.

Capital Structure Impact

The share subdivision will increase the number of outstanding shares from 43,87,100 to 4,38,71,000 while maintaining the same total capital value. This may improve liquidity and make shares more accessible to retail investors.

Voting Arrangements

The company has appointed NSDL to provide e-voting services. Members can vote remotely from 25th September to 27th September 2026 or during the AGM through video conference facility.

Additional Information

  • The company's shares are listed on BSE Limited
  • Annual listing fees for 2026-27 have been paid
  • No material orders passed by regulators/courts affecting going concern status
  • The company has no subsidiaries, joint ventures or associate companies
  • Secretarial Audit Report by M/s. B.S. Vyas & Associates contains no qualifications
  • Statutory Auditors' Report contains no qualifications or adverse remarks