Board Meeting Details

The Board of Directors meeting was held on Tuesday, August 04, 2026, commencing at 12:30 PM and concluding at 04:00 PM.

Key Approvals and Decisions

1. Financial Results Approval

The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, together with the Limited Review Report.

2. Fundraising Proposal

The Board approved consideration and evaluation of raising funds up to ₹250 crores through various methods including:

  • Issuance of equity shares
  • Fully/partly convertible debentures
  • Composite issue of non-convertible debentures and warrants
  • Qualified institutions placement
  • Private placement
  • Further public issue of equity/debt securities
  • Preferential issue
  • Rights issue
  • Any other permissible mode or combination

Subject to approvals from members of the Company at a general meeting or through postal ballot, and other statutory and regulatory approvals as applicable.

3. Internal Auditor Change

The Board approved the removal of M/s. Bhushan Khot & Co., Chartered Accountants, as Internal Auditor of the company with immediate effect (August 4, 2026).

M/s. KNBJ & Co., Chartered Accountants shall continue to act as the Internal Auditor of the Company.

Financial Results Summary

Standalone Financial Results (Quarter Ended June 30, 2026)

  • Total Income: ₹255.18 crore (Q1 FY26: ₹162.40 crore)
  • Revenue from Operations: ₹251.46 crore (Q1 FY26: ₹156.19 crore)
  • Other Income: ₹3.72 crore (Q1 FY26: ₹6.21 crore)
  • Total Expenses: ₹235.91 crore (Q1 FY26: ₹152.16 crore)
  • Profit Before Tax: ₹19.27 crore (Q1 FY26: ₹10.24 crore)
  • Tax Expense: (₹0.19) crore (deferred tax)
  • Net Profit: ₹19.46 crore (Q1 FY26: ₹11.16 crore)
  • Other Comprehensive Income: ₹2.00 crore
  • Total Comprehensive Income: ₹21.46 crore
  • EPS Basic: ₹0.1631 (Q1 FY26: ₹0.0939)
  • EPS Diluted: ₹0.1629 (Q1 FY26: ₹0.0936)
  • Paid-up Equity Share Capital: ₹238.73 crore (face value ₹2 each)

Consolidated Financial Results (Quarter Ended June 30, 2026)

  • Total Income: ₹255.18 crore
  • Revenue from Operations: ₹251.46 crore
  • Other Income: ₹3.72 crore
  • Total Expenses: ₹235.91 crore
  • Profit Before Tax: ₹19.27 crore
  • Tax Expense: (₹0.19) crore
  • Net Profit: ₹19.46 crore
  • Other Comprehensive Income: (₹7.41) crore
  • Total Comprehensive Income: ₹12.05 crore
  • Net Profit Attributable to Owners: ₹19.46 crore
  • EPS Basic: ₹0.1630
  • EPS Diluted: ₹0.1629
  • Paid-up Equity Share Capital: ₹238.73 crore

Auditor Review and Qualifications

Limited Review Report - Standalone Results (SARC & Associates)

  • Issued unmodified opinion on standalone financial results
  • Relied on management representations regarding existence and valuation of assets and liabilities
  • Company has initiated reconciliation process with trade receivables - provision of ₹15.25 crore made for estimated credit loss
  • Includes unaudited management accounts of 5 branches and audited accounts of 2 branches (Tunisia and Uganda)
  • Branches contributed total income of not disclosed, total expenditure of ₹0.06 crore, and total profit including OCI of ₹1.81 crore
  • Branch assets include trade receivables of ₹210.73 crore, bank balances of ₹0.26 crore, and other assets of ₹10.43 crore

Limited Review Report - Consolidated Results (SARC & Associates)

  • Issued unmodified opinion on consolidated financial results
  • Consolidated figures of foreign subsidiaries not subjected to review
  • Includes 4 subsidiaries (JSL Corporate Services, Jyoti Energy, Jyoti Structures FZE, Jyoti Structures Africa) and 7 branches
  • Several subsidiaries (Jyoti International Inc, Jyoti America LLC, etc.) excluded as not material to Group
  • Some subsidiaries' net worth fully eroded due to accumulated losses
  • Reliance on management representations for asset valuation and provision for expected credit loss of ₹15.25 crore

Regulatory Compliance Declaration

The company declared that statutory auditors issued Limited Review Report with unmodified opinion on both standalone and consolidated financial results for quarter ended June 30, 2026, pursuant to Regulation 33(3)(d) of SEBI LODR Regulations.

Notes to Financial Results

  • Results reviewed by Audit Committee and approved by Board on August 4, 2026
  • Prepared in accordance with Ind AS 1 and accounting principles generally accepted in India
  • Other expenses disclosed net of foreign exchange gains, write-off/write-back adjustments, and provision movements
  • Company in power transmission business with no separate reportable operating segments
  • Previous period figures re-arranged, re-grouped, re-calculated and re-classified where necessary