A Board Meeting of Jattashankar Industries Limited was held on Wednesday, 02nd September, 2026, commencing at 03:00 PM and concluding at 04:00 PM. The following businesses were approved:

(1) Stock Split / Sub-Division of Equity Shares

The Board approved the sub-division (split) of 1 (One) fully paid-up equity share of face value of ₹10 (Rupees Ten) each into 10 (Ten) fully paid-up equity shares of face value of ₹1 (Rupee One) each.

Rationale: The split is intended to enhance the liquidity of the company's equity shares in the stock market, make them more affordable and accessible to a wider base of investors, facilitate increased retail participation, improve trading volumes, and broaden the shareholder base.

Capital Structure Impact:

  • Authorized Share Capital: Pre-split: 1,31,00,000 shares of ₹10 each, totaling ₹13,10,00,000. Post-split: 13,10,00,000 shares of ₹1 each, totaling ₹13,10,00,000 (no change in total value).
  • Issued, Subscribed and Paid-up Share Capital: Pre-split: 43,87,100 shares of ₹10 each, totaling ₹4,38,71,000. Post-split: 4,38,71,000 shares of ₹1 each, totaling ₹4,38,71,000 (no change in total value).

Additional Note on Capital: The company has allotted 80,88,695 Convertible Warrants which have not yet been converted. Upon conversion after the split, the warrants will be converted into a corresponding number of equity shares factoring in the sub-division.

Approvals and Timeline: The split is subject to approval from shareholders at the Annual General Meeting (AGM) and other requisite regulatory/statutory approvals. The expected time for completion is within 6 months from the date of shareholder approval. The Record Date for determining shareholder eligibility will be intimated to the stock exchange separately.

(2) Cancellation of Previous Resolution

The resolution passed in the Board Meeting held on Saturday, 22nd August, 2025, regarding the shifting of the Registered Office from its current location in Goregaon (East), Mumbai-400063, Maharashtra (under ROC Mumbai) to Wanawadi, Pune-411040, Maharashtra (under ROC Pune) was rescinded and cancelled.

(3) Approval for Shifting Registered Office to Another State

The Board approved the shifting of the company's Registered Office from the State of Maharashtra to the State of Gujarat, within the jurisdiction of the Registrar of Companies, Ahmedabad. This will necessitate an amendment to the 'Situation Clause' (Clause II) of the company's Memorandum of Association (MOA).

Approvals Required: This move is subject to approval from the company's shareholders, the Central Government (power delegated to the Regional Director), and other relevant authorities.

(4) Adoption of Amended MOA

The Board approved the adoption of an amended Memorandum of Association, subject to shareholder approval.

(5) 38th Annual General Meeting (AGM)

The 38th AGM of the company is scheduled to be held on Monday, 28th September 2026, at 02:00 PM through Video Conferencing / Other Audio-Visual Means.

(6) Appointment of Scrutinizer

M/s B.S. Vyas & Associates, Practicing Company Secretaries, were appointed to act as the Scrutinizer for the e-voting process for the 38th AGM.