Jagan Lamps

Jagan Lamps Limited's Board of Directors approved several key decisions during their September 5, 2025 meeting. The company appointed Mr. Ashwani Mangla as Additional Non-Executive & Independent Director effective September 5, 2025. Mangla, a B.Tech in Chemical Engineering with over 24 years of experience in International Trade and Marketing, is an NRI residing in Australia and has no relationship with existing directors or key personnel. The Board also approved the Board Report for the year ended March 31, 2025, and scheduled the 33rd Annual General Meeting for September 29, 2025 at 10:00 AM at the company's registered office. Additional appointments include M/s Mehak Gupta & Associates as Secretarial Auditor for a five-year term starting 2025-2026, and Mr. Surendra Prasad as Internal Auditor for 2025-2026. The company set September 22, 2025 as the cut-off date for determining voting eligibility and appointed National Securities Depository Ltd for e-voting facilities. The Board also authorized several officials to represent the company in legal proceedings related to appealing a Standard Operating Procedure fine levied by the Bombay Stock Exchange.

Jagan Lamps Limited reported total income from operations of Rs. 896.1 lakhs for the quarter ended June 30, 2025, representing a 14.8% decline from Rs. 1052.4 lakhs in the previous year's corresponding quarter. Despite the revenue drop, the company maintained its profitability with net profit after tax remaining stable at Rs. 37.14 lakhs compared to Rs. 37.07 lakhs in the same period last year. Earnings per share stayed unchanged at Rs. 0.51. The company operates in manufacturing and selling lamps and lighting products as a single business segment. The paid-up equity share capital stands at Rs. 729.52 lakhs with reserves of Rs. 2508.75 lakhs as of March 31, 2025.

Jagan Lamps Limited announced its unaudited financial results for the quarter ended June 30, 2025. The company reported net revenue from operations of ₹898.10 lakhs compared to ₹1,052.40 lakhs in the same quarter last year. Total income decreased to ₹908.99 lakhs from ₹1,062.60 lakhs year-over-year. Profit for the period was ₹37.11 lakhs, marginally higher than ₹37.07 lakhs in the corresponding quarter of the previous year. Earnings per share remained flat at ₹0.51 for both basic and diluted calculations. The company also announced the resignation of Mr. Hemant Mangla as Independent Director effective July 24, 2025, and appointed Mr. Hardik Gujar as Company Secretary and Compliance Officer effective August 14, 2025. Mr. Gujar is an Associate Member of the Institute of Company Secretaries of India and holds no shares in the company.