Annual General Meeting Details

The 11th Annual General Meeting of JD Cables Limited will be held on Wednesday, 30th September, 2026 at 02:00 P.M. IST through Video Conferencing/Other Audio Visual Means in accordance with MCA and SEBI circulars.

Key Dates

  • Book Closure Period: Wednesday, 23rd September, 2026 to Wednesday, 30th September, 2026
  • Record Date for Voting Rights: Wednesday, 23rd September, 2026
  • Remote E-voting Period: Sunday, 27th September, 2026 (09:00 A.M.) to Tuesday, 29th September, 2026 (05:00 P.M.)
  • Scrutinizer: Mr. Sachin Pilania (Practicing Company Secretary)

Financial Performance Highlights (Standalone Basis)

| Particulars | FY 2025-26 (₹ Lakhs) | FY 2024-25 (₹ Lakhs) | Change |

| Revenue from Operations | 36,459.15 | 25,052.58 | +45.5% |

| Total Revenue | 36,519.36 | 25,069.51 | +45.7% |

| Profit Before Tax | 4,246.72 | 2,949.90 | +44.0% |

| Net Profit After Tax | 3,172.46 | 2,202.50 | +44.0% |

| Current Tax | 1,079.82 | 746.99 | +44.6% |

Business Operations

The company operates in manufacturing of wires, cables, and conductors including LT AB Cables, LT XLPE Power Cables, LT PVC Power and Control Cables, AAC Conductor, AAAC Conductor & ACSR Conductor. Since December 2025, the company expanded into EPC Infrastructure Projects related works, currently engaged in a National Highway development project under NHDP Phase V involving civil and electrical works for six-laning of Bihar-Jharkhand border section of NH-2.

Share Capital History

  • Authorized Capital: ₹25,00,00,000 divided into 2,50,00,000 equity shares of ₹10 each
  • Paid-up Capital (as on March 31, 2026): ₹22,55,11,120 divided into 2,25,51,112 equity shares of ₹10 each

Significant Corporate Actions

1. Private Placement (April 2025): Issued 1,352 equity shares at ₹38,545 per share (premium ₹38,535) aggregating ₹5,21,12,840

2. Bonus Issue (June 2025): Issued bonus shares in ratio 330:1 by capitalizing ₹16,94,61,600 from securities premium account

3. IPO (September 2025): Successfully completed IPO and listed on BSE SME Platform on September 25, 2025

Dividend

No dividend recommended for FY 2025-26 to conserve resources for future growth and expansion.

Corporate Governance

  • Board Composition: 5 Directors including 2 Independent Directors
  • Board Meetings: 17 Board meetings conducted during FY 2025-26
  • Key Managerial Personnel: Mr. Piyush Garodia (MD), Mr. Rajesh Jhunjhunwala (WTD), Mrs. Swati Mittal (CS), Mr. Hemant Kumar Choradia (CFO)
  • Committee Meetings: Audit Committee (5), NRC (2), SRC (2), Business Co-ordination Committee (13)

Auditors

  • Statutory Auditor: M/s. Vinod Singhal & Co. LLP, Chartered Accountants appointed for 5 years till FY 2029-30
  • Secretarial Auditor: Mr. Sachin Pilania, Practicing Company Secretary appointed for 5 years from FY 2025-26
  • Auditor's Report is unmodified without any qualifications

CSR Activities

  • CSR Expenditure for FY 2025-26: ₹30,00,000 (including ₹4,82,662 carried forward from FY 2024-25)
  • Primary beneficiary: Jivan Jyot Foundation for medical treatment
  • Excess amount of ₹1,81,526 carried forward to FY 2026-27

Related Party Transactions

Transactions with related parties conducted on arm's length basis:

  • Remuneration to Piyush Garodia: ₹21,60,000
  • Remuneration to Rajesh Jhunjhunwala: ₹12,00,000
  • Loan from Piyush Garodia: ₹9,13,77,820 (net during the year)

Credit Rating

Company received credit rating upgrade from INFOMERICS IVR/BBB- (Stable) to INFOMERICS IVR/BBB (Stable).

Key Financial Ratios

| Ratio | FY 2025-26 | FY 2024-25 |

| Current Ratio | 2.25 | 1.25 |

| Debt-Equity Ratio | 0.39 | 1.53 |

| Net Profit Ratio | 8.70% | 8.79% |

| Inventory Turnover | 4.98 | 8.61 |

| Trade Receivables Turnover | 4.66 | 5.81 |

Capital Structure Impact

The IPO and bonus issue significantly expanded the share capital from ₹5.00 lakhs to ₹2,255.11 lakhs, resulting in substantial dilution but providing growth capital.

Cash Flow Implications

  • Net cash used in operating activities: ₹(7,350.82) lakhs
  • Net cash used in investing activities: ₹(1,749.11) lakhs
  • Net cash from financing activities: ₹9,098.05 lakhs (primarily from IPO proceeds and borrowings)

Material Changes

  • Successful listing on BSE SME Platform on September 25, 2025
  • Expansion into EPC Infrastructure Projects in Jharkhand
  • Business diversification into civil and electrical works

Forward-looking Statements

The Management Discussion and Analysis indicates optimism about the cables industry growth prospects, supported by government infrastructure spending, renewable energy integration, and urbanization trends. The company aims to leverage its strengths in the growing market.