Jeet Machine Tools 41st AGM Notice and FY26 Results

Revenue from Operations: ₹7.26 lakhs (FY26) vs ₹8.50 lakhs (FY25)
Other Income: ₹410.91 lakhs (FY26) vs ₹4.18 lakhs (FY25)
Total Income: ₹418.71 lakhs (FY26) vs ₹12.68 lakhs (FY25)
Profit/(Loss) before tax: ₹377.79 lakhs profit (FY26) vs ₹61.39 lakhs loss (FY25)
Profit/(Loss) after tax: ₹347.37 lakhs profit (FY26) vs ₹65.01 lakhs loss (FY25)
Other comprehensive income: ₹(57.35) lakhs (FY26) vs ₹12.70 lakhs (FY25)
Profit for the period: ₹290.02 lakhs (FY26) vs ₹(52.30) lakhs loss (FY25)
Property sale consideration: ₹468.27 lakhs from sale of property at C.T.S. No. 837 (Part), Village Mohile, Mumbai
Share capital: Authorized ₹200.00 lakhs (20,00,000 equity shares of ₹10 each); Paid-up ₹196.00 lakhs (19,60,000 equity shares of ₹10 each)
Current tax provision: ₹35.49 lakhs
Deferred tax asset: ₹22.68 lakhs
Cash and cash equivalents: ₹282.37 lakhs
Earnings per share: Basic and diluted ₹17.72 (FY26) vs ₹(3.32) (FY25)

AGM Date: September 28, 2026 at 4:00 PM IST through video conferencing
Cut-off date for voting: September 21, 2026
Remote e-voting period: September 25-27, 2026
Board meeting dates during FY26: May 28, 2025; August 13, 2025; November 10, 2025; February 9, 2026
Property sale approval: Board approval on February 14, 2025; Member approval through postal ballot on April 2, 2025

Statutory Auditors: M/s Agarwal Jain & Gupta, Chartered Accountants (Firm Registration No. 013538C)
Internal Auditors: J S Bhatia & Co., Chartered Accountants (Firm Registration No. 118806W)
Secretarial Auditors: M/s B. R. Gharpure & Associates, Practicing Company Secretaries (Firm registration No. S2011MH151400)
RTA: MUFG Intime India Private Limited
Bankers: Punjab & Sind Bank, HDFC Bank Ltd.
Scrutinizer for AGM: Mr. Yogesh D. Dabholkar of M/s Yogesh D. Dabholkar & Co., Practicing Company Secretaries

Ms. Mohini Hingorani: Ceased as Independent Director due to completion of second term w.e.f. November 25, 2025
Ms. Tasnim A. Sabuwala: Appointed as Independent Director for first term of five years w.e.f. August 13, 2025
Mr. Rajkaran J. Chawla: Retiring by rotation and seeking re-appointment at AGM

Property sale impact: Significant increase in total income and profitability due to sale of property generating ₹468.27 lakhs
Dividend: No dividend recommended for FY26 to conserve profits
Reserves: No amount transferred to general reserves
Business operations: Continued engagement in dealing with workshop machinery for tool room and sheet metal machinery
Employee strength: 6 permanent employees as of March 31, 2026

No change in authorized, issued, subscribed or paid-up equity share capital during the year. Promoter holding remains at 72.44%.

Secretarial audit report identified the following non-compliances:

Inadequate maintenance of Structured Digital Database under SEBI (Prohibition of Insider Trading) Regulations
Partial non-compliance with Regulation 46 of SEBI LODR regarding website disclosures
Some promoter shareholding still in physical form despite requirement for 100% dematerialization
Inadequate compliance with Secretarial Standards regarding board meeting notices and minutes maintenance

Statutory auditors: Unmodified opinion on financial statements
Secretarial auditors: Qualified report with observations on compliance issues
Internal financial controls: Adequate and operating effectively as per auditor report

All related party transactions were in ordinary course of business and at arm's length. Transactions included: