Jagan Lamps appoints M/s Jacky Batra & Associates as tax auditor for FY26

Jagan Lamps Limited has appointed M/s Jacky Batra & Associates as its Tax Auditor for the financial year 2025-26. The Board of Directors approved the appointment on May 30, 2026, based on the recommendation of the Audit Committee. The company is eligible for a tax audit under the relevant regulations.

The appointment is a re-appointment for the firm to conduct the tax audit for the specified financial year. M/s Jacky Batra & Associates brings over 14 years of experience in audit and assurance, taxation, and regulatory compliance for both listed and unlisted entities.

Disclosures regarding the appointment

The following details were disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Detail	Information
Name of the Tax Auditor	M/s Jacky Batra & Associates, Chartered Accountants (FRN 033735N)
Reason for change	Re-appointment as Tax Auditor to conduct Tax Audit for the financial year 2025-26
Date of appointment & term	30 May, 2026 for the financial year 2025-26
Brief Profile	The firm has over 14 years of experience in Audit and Assurance, Taxation, Regulatory Compliance, and reporting compliance. It provides consultancy in Statutory Audit, Tax Audit, Internal Audit, Stock Audit, and GST matters. The firm is led by Mr. Jacky Batra, Managing Partner/Proprietor.
Disclosure of relationships between directors	None

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.83%	+8.32%	+1.09%	-24.59%	-24.39%	+51.49%

Jagan Lamps Limited reported a 49% decline in net profit for the financial year ended March 31, 2026, primarily due to increased finance costs and a reduction in other income. The company’s profit for the period fell to ₹191.62 lakh from ₹375.59 lakh in the previous year, while revenue from operations decreased to ₹4,204.01 lakh from ₹4,240.36 lakh.

The board of directors, meeting on May 30, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The statutory auditors, K A S G & Co., Chartered Accountants, issued an unmodified audit opinion on the results.

Financial Performance for FY26

For the full year, total income stood at ₹4,240.36 lakh. Total expenses rose to ₹4,662.79 lakh, driven by higher employee benefits expense and finance costs. The company reported a basic earnings per share of ₹2.62 for the year, compared to ₹5.15 in the prior year.

Particulars	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Net Revenue from operations	4,204.01	4,240.36
Total Income	4,240.36	4,240.36
Total Expenses	4,662.79	4,662.79
Profit for the period	191.62	375.59
Basic EPS (₹)	2.62	5.15

Quarterly Results and Cash Flow

In the quarter ended March 31, 2026, the company recorded a profit of ₹56.60 lakh, a significant drop from ₹120.00 lakh in the corresponding quarter of the previous year. Net revenue from operations for the quarter was ₹881.06 lakh.

The cash flow statement for the year ended March 31, 2026, showed a net cash outflow of ₹30.32 lakh. Cash and cash equivalents at the end of the period stood at ₹3.49 lakh, compared to ₹33.80 lakh in the previous year. The company reduced its short-term borrowings by ₹539.71 lakh during the year.

Assets and Liabilities

The total assets of the company as of March 31, 2026, were valued at ₹5,085.86 lakh, a decrease from ₹5,331.96 lakh in the previous year. Current assets, including inventories and trade receivables, constituted a major portion of the balance sheet. Total liabilities stood at ₹1,565.29 lakh, with borrowings amounting to ₹407.89 lakh. The company confirmed there were no outstanding defaults on loans or debt securities as of the reporting date.