Jagan Lamps Limited has scheduled a meeting of its Board of Directors for Saturday, May 30, 2026. The meeting will be held to consider the audited standalone financial results of the company for the quarter ended March 31, 2026, along with the audit report of the statutory auditors.

The board will also discuss any other matters with the permission of the Chairman. This intimation is being made pursuant to the provisions of Regulation 29 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

Pursuant to the company's code of conduct and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company is currently closed. This restriction applies to directors, promoters, designated or connected persons, and their immediate relatives.

The trading window shall reopen after the expiry of 48 hours from the declaration of the audited standalone financial results for the quarter ended March 31, 2026.

Meeting Details

Jagan Lamps Limited has announced a strategic acquisition of halogen lamp manufacturing machinery from Tungsram Operations Kft. Hungary, marking a significant step toward enhancing its manufacturing capabilities and operational efficiency. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on April 23, 2026.

Strategic Acquisition Details

The acquisition involves the purchase of machinery specifically designed for manufacturing halogen lamps, which will substantially boost the company's production capacity. This strategic move is aimed at capacity expansion and strengthening manufacturing capabilities to meet growing market demand in the lighting segment.

Transaction Structure

The acquisition represents a pure asset purchase rather than an equity transaction, with the company clarifying that it does not involve acquisition of shares or a business entity. The transaction falls outside the ambit of related party transactions, with no promoter or group company interest in the seller.

Key transaction characteristics include:

• Nature of Deal: Asset acquisition (machinery only)
• Related Party Status: Not a related party transaction
• Consideration Details: Undisclosed
• Acquisition Cost: Undisclosed

About Tungsram Operations

Tungsram Operations Kft. brings significant heritage to this transaction as an iconic European lighting brand that was previously acquired by GE Lighting's Europe division. The company established itself as a premium lighting solutions provider across multiple segments including indoor and outdoor applications, traditional lamps, automotive lighting, and drivers & transformers.

Strategic Impact and Vision

This acquisition aligns with Jagan Lamps Limited's broader strategic vision of promoting green innovation and advancing sustainable development goals. The enhanced manufacturing capacity is expected to positively impact the company's long-term growth prospects while reinforcing its position in the competitive lighting segment.

The collaboration also represents a meaningful contribution to fostering stronger bilateral economic and industrial ties between Hungary and India, supporting international cooperation and technology exchange in the manufacturing sector. The company has committed to maintaining compliance with all regulatory requirements and will keep stakeholders informed of any further material developments related to this acquisition.