JATTASHANKAR INDUSTRIES LIMITED

Annual General Meeting Details

  • Meeting Date: Monday, 28th September 2026 at 02:00 PM IST
  • Mode: Video Conference/Other Audio-Visual Means (VC/OAVM)
  • Cut-off Date: Monday, 21st September 2026 for determining members eligible to vote
  • Remote e-voting Period: Friday, 25th September 2026 (9:00 AM IST) to Sunday, 27th September 2026 (5:00 PM IST)
  • Venue: Registered Office at 11, Parasrampuria Apartment, Film City Road, Gokuldham, Goregaon (East), Mumbai-400063

Business to be Transacted

Ordinary Business

Item 1: To receive, consider and adopt Audited Financial Statements for FY ended 31st March 2026 together with Reports of Board of Directors and Auditors

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

Special Business

Item 3: Cancellation of Resolution passed in 37th AGM held on 20th September 2025 (Resolution No. 05)

Item 4: Shifting of registered office from State of Maharashtra to State of Gujarat and consequent alteration to Memorandum of Association

Item 5: Sub-division of equity shares from face value of ₹10.00 to ₹1.00 each

Item 6: Alteration of Capital Clause (Clause V) of Memorandum of Association post sub-division

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

Financial Performance Highlights (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)
  • 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/(Loss): ₹985.06 lakhs
  • Carried Forward Profit: ₹1,087.56 lakhs
  • No dividend recommended for FY 2025-26

Share Capital Structure

  • Authorized Share Capital: ₹13,10,00,000 divided into 1,31,00,000 equity shares of ₹10 each (increased from ₹10,50,00,000 via postal ballot on 11th June 2026)
  • Paid-up Share Capital: ₹4,38,71,000 divided into 43,87,100 equity shares of ₹10 each
  • Proposed Sub-division: 1 equity share of ₹10 to be subdivided into 10 equity shares of ₹1 each
  • Post-subdivision Authorized Capital: ₹13,10,00,000 divided into 13,10,00,000 equity shares of ₹1 each
  • Post-subdivision Paid-up Capital: ₹4,38,71,000 divided into 4,38,71,000 equity shares of ₹1 each

Convertible Warrants Outstanding

The Company has allotted 80,88,695 convertible warrants which have not yet been converted. Upon subdivision, these warrants will be converted into corresponding number of equity shares after giving effect to subdivision.

Change in Business Operations

During FY 2025-26, the Company discontinued its erstwhile business of manufacturing and processing polyester yarns and altered its Main Objects to undertake business activities relating to:

  • Agricultural commodities
  • Purchase, sale, supply, import, export, trading and distribution of agricultural products, edible oils, food products, commodities and allied goods
  • Setting up manufacturing and processing facilities, refineries, warehouses, cold storages, packaging units

The alteration was approved by Board on 22nd August 2025 and by members at 37th AGM held in 2025.

Change in Management and Promoters

Board Changes during FY 2025-26:

Appointments:

  • Mr. Keval Jayanti Khudai as Managing Director (w.e.f. 07/08/2025, DIN: 11153664)
  • Mr. Nileshbhai Bhagvanji Bapodara as Whole Time Director (w.e.f. 07/08/2025, DIN: 11193225)
  • Mr. Vishal Prakashbhai Ashara as Director (w.e.f. 21/06/2025, DIN: 11150490)
  • Mr. Siddharth Parshottam Gajra as Independent Director (w.e.f. 07/08/2025, DIN: 10223234)
  • Mr. Harsh Pankajkumar Nayak as Independent Director (w.e.f. 07/08/2025, DIN: 10805325)
  • Ms. Meghanaben Chiragbhai Patel as CFO (w.e.f. 22/08/2025)

Cessations:

  • Mr. Jattashankar Poddar (Managing Director, w.e.f. 07/08/2025)
  • Mr. Sharad Poddar (Director, w.e.f. 07/08/2025)
  • Mr. Ankur Sharad Poddar (CFO and Director, w.e.f. 07/08/2025 and 21/06/2025 respectively)
  • Ms. Richa Sushil Choudhary (Independent Director, w.e.f. 07/08/2025)
  • Ms. Ruchika Kabra (Independent Director, w.e.f. 07/08/2025)

Change in Promoters:

Pursuant to Share Purchase Agreement dated 20th December 2024, new acquirers (Mr. Tarunkumar Gunvantlal Patel, Mr. Vedant Tarunbhai Patel, Mr. Vishal Prakashbhai Ashara, Mr. Keval Jayanti Khudai, and Mr. Nileshbhai Bhagvanji Bapodara) acquired 31,82,900 equity shares (72.55% of paid-up capital) from erstwhile promoters. Open offer was made for up to 11,40,646 equity shares (26.00%) at ₹60 per share.

Key Financial Position (as at 31st March 2026)

  • Total Assets: ₹2,052.90 lakhs
  • Inventories: ₹113.67 lakhs
  • Trade Receivables: ₹1,138.06 lakhs
  • Cash and Cash Equivalents: ₹9.41 lakhs
  • Current Investments: ₹1,940.54 lakhs in mutual funds
  • Equity Share Capital: ₹438.71 lakhs
  • Other Equity: ₹1,507.89 lakhs
  • Trade Payables: ₹80.96 lakhs

Auditors and Compliance

  • Statutory Auditors: M/s K.K. Jhunjhunwala & Co., Chartered Accountants (FRN: 111852W)
  • Internal Auditors: M/s Babubhai Patel & Associates (for FY 2026-27)
  • Secretarial Auditors: M/s B.S. Vyas & Associates
  • Auditors' Report: Unmodified opinion with no qualifications
  • Secretarial Audit Report: No qualifications, reservations or adverse remarks

Other Material Information

  • The Company has paid listing fees to BSE Limited
  • No deposits accepted from public under Sections 73 and 76 of Companies Act, 2013
  • No loans, guarantees or investments made under Section 186 during the year
  • Related party transactions were at arm's length basis
  • Vigil Mechanism Policy is in place and available on company website
  • The Company has not transferred any amounts to Investor Education and Protection Fund