Board Meeting Details

The Board of Directors meeting was held on May 28, 2026, commencing at 1:30 PM IST and concluding at 3:37 PM IST.

Key Board Approvals

  • Approved Audited Standalone and Consolidated Financial Results for FY ended March 31, 2026
  • Revised Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information under SEBI PIT Regulations
  • Re-appointed Mr. Manoj Kr. Mohta (DIN: 02339000) as Whole-time Director for five years effective June 1, 2026, subject to shareholder approval
  • Appointed Mr. Nirmal Kumar Karwa in terms of Regulation 16(1)(d) of Listing Regulations effective June 1, 2026
  • Re-appointed Mr. Haresh Dua as Internal Auditor for FY 2026-27

Trading Window Update

The Trading Window for designated persons shall re-open on May 31, 2026.

Standalone Financial Results (FY2026)

Revenue Breakdown (₹ in lakhs):

  • Interest income: 11,971.03
  • Dividend income: 5,193.76
  • Pledge fees: 181.11
  • Management advisory services fees: 496.08
  • Gain on fair value changes: 103.25
  • Total revenue from operations: 17,945.23

Expense Breakdown (₹ in lakhs):

  • Employee benefits expense: 1,042.91
  • Depreciation, amortization and impairment: 0.63
  • CSR expenses: 190.00
  • Other expenses: 169.86
  • Total expenses: 1,403.40

Profitability Metrics:

  • Profit before exceptional items and tax: 16,541.83
  • Exceptional items: 244.34 (gratuity provision adjustment for Labour Codes)
  • Profit before tax: 16,297.49
  • Tax expense: 4,138.44 (Current tax: 4,195.27, Deferred tax: -56.83)
  • Profit for the year: 12,159.05
  • Other Comprehensive Income: 140,716.95
  • Total Comprehensive Income: 152,876.00

Key Balance Sheet Items (as at March 31, 2026):

  • Paid up equity share capital: 1,109.84 lakhs (face value ₹10 each)
  • Other equity: 31,96,952.64 lakhs
  • Total assets: 36,17,178.05 lakhs

Earnings Per Share:

  • Basic EPS: ₹109.56
  • Diluted EPS: ₹109.54

Consolidated Financial Results (FY2026)

Includes results from associates:

  • Sun Investments Private Limited
  • Jindal Coated Steel Private Limited

Revenue and Profitability:

  • Total revenue from operations: 17,945.23 lakhs
  • Share of profit/(loss) of associates: 2,505.91 lakhs
  • Profit before exceptional items and tax: 19,047.75 lakhs
  • Exceptional items: 244.34 lakhs
  • Profit before tax: 18,803.41 lakhs
  • Tax expense: 4,138.44 lakhs
  • Net profit for the year: 14,664.97 lakhs
  • Total Comprehensive Income: 1,70,143.97 lakhs

Key Balance Sheet Items:

  • Paid up equity share capital: 1,109.84 lakhs
  • Other equity: 33,00,037.68 lakhs
  • Total assets: 37,20,263.10 lakhs

Earnings Per Share:

  • Basic EPS: ₹132.14
  • Diluted EPS: ₹132.12

Audit Details

  • Auditor: M/s. HPVS & Associates, Chartered Accountants, Mumbai
  • Audit reports issued with unmodified opinions for both standalone and consolidated financial results
  • UDIN for standalone audit: 26144084RVZTBF9259
  • UDIN for consolidated audit: 26144084SFNDFN2131

Exceptional Items Explanation

The Government of India notified four Labour Codes on November 21, 2025. The Company recognized a provision of ₹270.88 lakhs during Q3 FY26 for estimated incremental gratuity liability. Based on subsequent clarifications from Ministry of Labour and actuarial revaluation, the Company reassessed the liability at ₹244.34 lakhs as at March 31, 2026, resulting in reversal of excess provision of ₹26.54 lakhs in Q4 FY26.

Cash Flow Statements

Standalone Cash Flows (FY2026):

  • Net cash from operating activities: 13,982.29 lakhs
  • Net cash used in investing activities: -13,977.85 lakhs
  • Net cash used in financing activities: -87.15 lakhs
  • Net decrease in cash: -82.71 lakhs

Consolidated Cash Flows (FY2026):

  • Net cash from operating activities: 13,982.29 lakhs
  • Net cash used in investing activities: -13,977.85 lakhs
  • Net cash used in financing activities: -87.15 lakhs
  • Net decrease in cash: -82.71 lakhs

Management Profiles

Mr. Manoj Kr Mohta:

  • Age: 55 years, Commerce Graduate and Fellow member of ICAI
  • Experience: Over 30 years in finance, accounts, treasury, taxation, corporate strategy, M&A
  • Associated with JSW Group for over 20 years, previously with Aditya Birla Group for 10 years

Mr. Nirmal Kumar Karwa:

  • Qualified Chartered Accountant with over 18 years experience
  • Associated with JSW Group for over 11 years
  • Previously with Deloitte for over 5 years in Audit & Enterprise Risk Services

Mr. Haresh Dua:

  • Qualified Chartered Accountant (1992 batch)
  • Additional qualifications: CIA, CISA, CISSP
  • Over three decades of experience, associated with JSW Group since 2008