Jagatjit Industries Limited shareholders approved all six resolutions proposed at the company's 81st Annual General Meeting held on September 30, 2026. The approvals included the adoption of FY26 financial statements, re-appointment of statutory auditors, and leadership continuity measures for key directors.

The meeting, conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM), saw a total of 12,745 shareholders on the register as of the cut-off date, September 25, 2026. Remote e-voting was open from September 27 to September 29, 2026. Attendance included 12 promoters and 43 public shareholders who joined via video conferencing. Directors present included Ravi Manchanda, Nagendra Kumar Chauhan, and Vidhi Goel. Notably, Directors Roshini Sanah Jaiswal, Sushma Sagar, and Asha Saxena were unable to participate due to prior engagements. The meeting concluded at 11:29 am.

Leadership re-appointments and terms

Shareholders approved the re-appointment of Ravi Manchanda as Managing Director for a further term of two years effective October 1, 2026. This resolution required a special majority due to Manchanda having attained the age of seventy years. Roshini Sanah Jaiswal was also re-appointed as Executive Director for three years effective September 1, 2026, and as a Director retiring by rotation. The disclosures highlight distinct professional backgrounds: Manchanda brings over four decades of experience in project management, marketing, and administration, while Jaiswal offers more than two decades of expertise in the beverages, food, hospitality, and personal care sectors.

Financial and auditor approvals

The AGM adopted the Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026. Shareholders also approved the re-appointment of M/s. V. P. Jain & Associates, Chartered Accountants, New Delhi, as Statutory Auditors for a second term of five consecutive years. Additionally, the remuneration payable to the Cost Auditors was ratified.

Voting results summary

The following table summarizes the voting outcomes for key resolutions passed at the 81st AGM:

Note: Vote counts include differential voting rights held by promoter entities.

Regulatory compliance and scrutiny

The intimation was filed under Regulation 30 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scrutinizer’s report confirmed that all resolutions were passed with requisite majority. The company confirmed that there are no disclosed relationships between these directors and other board members, except where noted in specific interest disclosures for related party transactions.

Jagatjit Industries has scheduled its 81st Annual General Meeting (AGM) for September 30, 2026. The meeting will be held through Video Conference or Other Audio Visual Means in compliance with Ministry of Corporate Affairs circulars.

The register of members and share transfer books will remain closed from September 25, 2026, to September 30, 2026, inclusive. Shareholders holding shares as of the record date will be eligible to vote via remote e-voting or during the AGM.

Board and Management Reappointments

The agenda includes the reappointment of Mr. Ravi Manchanda as Managing Director for a further period of two years, effective October 1, 2026. Mr. Manchanda, who has over four decades of experience in project management and marketing, will continue as Key Managerial Personnel.

Ms. Roshini Sanah Jaiswal is proposed for reappointment as Executive Director for three years, effective September 1, 2026. She brings approximately two decades of management experience in the beverages and hospitality sectors.

Auditor Appointments

Members are asked to ratify the remuneration of M/s P. K. Verma & Co., Cost Accountants, Chandigarh, for the audit of cost records for the financial year ending March 31, 2027. The approved remuneration is ₹75,000 plus applicable taxes and out-of-pocket expenses.

Additionally, M/s V. P. Jain & Associates, Chartered Accountants, New Delhi, is proposed for reappointment as Statutory Auditors for a second term of five consecutive years, until the conclusion of the 86th AGM in 2031.

Financial Performance FY26

The explanatory statement notes that total income for FY26 stood at ₹475.85 crore, a decline of 29.01% from ₹670.34 crore in the previous year. The company reported a profit before taxation of ₹10.18 crore, compared to a loss before taxation of ₹23.05 crore in FY25.

The profit before tax included ₹95.30 crore from the sale of Gurugram property, which was not of an operational nature. Total comprehensive income after tax was ₹10.48 crore, reversing a comprehensive loss of ₹23.20 crore in the prior year.

What the Numbers Show

The divergence between operational performance and reported profit is significant. While the company turned profitable on a comprehensive basis, the profit before taxation of ₹10.18 crore was heavily influenced by the one-time gain of ₹95.30 crore from asset sales. Excluding this non-operational item, the underlying operational result would have been a substantial loss, highlighting that the top-line decline of 29.01% has not yet been offset by operational efficiency gains.

Voting and Participation

Remote e-voting will be open from 9:00 am on September 27, 2026, to 5:00 pm on September 29, 2026. The facility will be provided by Central Depository Services (India) Limited. Members are advised to update their KYC details with their Depository Participants to ensure seamless access to e-voting and virtual meeting facilities.