Jay Shree Tea & Industries Limited

Document Dates: 19th May 2026 (Directors' Report), 22nd July 2026 (AGM Notice)

Financial Performance Summary

Consolidated Results:

  • Revenue from Operations: ₹93,012.50 lakhs (FY25: ₹85,813.65 lakhs)
  • Profit/(Loss) before tax from Continuing Operations: ₹(2,373.26) lakhs (FY25: ₹7,796.27 lakhs profit)
  • Net Profit/(Loss) for the year: ₹(2,505.82) lakhs (FY25: ₹12,650.37 lakhs profit)
  • Earnings Per Share (Basic & Diluted): ₹(8.68) (FY25: ₹43.81)

Standalone Results:

  • Revenue from Operations: ₹91,594.72 lakhs (FY25: ₹84,971.97 lakhs)
  • Profit/(Loss) before tax: ₹(2,030) lakhs (FY25: ₹12,813 lakhs profit)
  • Profit/(Loss) after tax: ₹(2,183) lakhs (FY25: ₹12,897 lakhs profit)

Discontinued Operations (FY25)

The company closed manufacturing operations at its fertilisers unit at Pataudi, Gurugram, resulting in:

  • Loss before tax from discontinued operations: ₹(660.15) lakhs
  • Profit on sale/disposal of fixed assets (net): ₹5,497.46 lakhs
  • Net profit from discontinued operations: ₹4,837.31 lakhs

Dividend Declaration

No dividend recommended for FY26 due to inadequate profits. Last year paid 10% dividend (₹0.50 per share) during 80th year celebration.

Annual General Meeting Details

Date: Thursday, 13th August 2026

Time: 3:30 PM

Mode: Video Conferencing (VC) or Other Audio Visual Means (OAVM)

Record Date: 6th August 2026

Book Closure: 7th August 2026 to 13th August 2026

Key AGM Resolutions

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended 31.03.2026

2. Appointment of Mrs. Jayashree Mohta who retires by rotation

Special Business:

3. Re-appointment of Mr. Vikram Swarup as Independent Director for second five-year term

4. Re-appointment of Mr. Vikash Kandoi as Executive Director for three years w.e.f. 01.04.2027

5. Revision of Managerial Remuneration Limits for Mrs. Jayashree Mohta (₹150 lakhs) and Mr. Vikash Kandoi (₹120 lakhs)

6. Remuneration of Cost Auditor M/s. D. Sabyasachi & Co. (₹1,50,000 for FY26-27)

Operational Performance Review

Tea Division:

  • Production: 135 lakh kg (FY25: 139 lakh kg)
  • Average price realization declined by ₹14/kg
  • Exports increased to ₹116.63 crore to 25+ countries

Fertilizer Division:

  • Production: 85,119 MT (FY25: 79,920 MT)
  • Subsidy increased by ₹2,142/MT w.e.f. 1st April 2025
  • Installing granular plant to manufacture GSSP

Sugar Division:

  • Production: 48,922 tonnes (FY25: 45,428 tonnes)
  • Recovery rate: 10.70% (FY25: 9.91%)
  • Phase-wise capacity expansion to 8000 TCD underway

Financial Position & Ratios

Key Metrics (as at 31st March, 2026):

  • Total Assets: ₹95,583.87 lakhs (FY25: ₹98,964.50 lakhs)
  • Total Equity: ₹39,612.97 lakhs (FY25: ₹41,910.18 lakhs)
  • Borrowings: ₹40,723.66 lakhs (FY25: ₹31,401.94 lakhs)
  • Cash and Cash Equivalents: ₹177.60 lakhs (FY25: ₹731.90 lakhs)

Ratio Analysis:

  • Current Ratio: 0.77 times (FY25: 0.89 times) - decreased 13%
  • Debt-Equity Ratio: 1.08 times (FY25: 0.78 times) - increased 39%
  • Return on Equity: (5.58)% (FY25: 23.95%) - decreased 123%
  • Net Profit Ratio: (2.38)% (FY25: 9.49%) - decreased 125%

Subsidiary Performance

Birla Holdings Limited (wholly owned subsidiary in Dubai):

  • Step-down subsidiaries: Kijura Tea Company Limited and Bondo Tea Estates Limited (Uganda)
  • Production: 18.05 lakh kg (FY25: 12.35 lakh kg)
  • Sales turnover: USD 1.56 million (₹1,418 lakhs)
  • Loss: USD 235 thousand (₹223 lakhs)

Corporate Governance & Compliance

  • Board met 4 times during FY26
  • CSR expenditure: ₹4.47 lakhs
  • Whistle Blower Policy implemented
  • Compliance certificate from auditors obtained

Contingent Liabilities

  • Tax demands under appeal: ₹460.64 lakhs (Income Tax), ₹350.27 lakhs (GST)
  • Sales Tax demands: ₹159.30 lakhs
  • Entry Tax Liability: ₹879.73 lakhs
  • Capital commitments outstanding: ₹187.26 lakhs

Subsequent Events

Management assessed that implementation of New Labour Codes effective from November 21, 2025 will have no material impact on financial statements.

Voting Information

  • Remote e-voting period: 10th August 2026 (9:00 AM) to 12th August 2026 (5:00 PM)
  • E-voting service provider: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: Mr. A.K. Labh, Practicing Company Secretary