Jagjanani Textiles reported a narrowed standalone net loss of ₹2.67 lakh for the quarter ended June 30, 2026, compared to a loss of ₹3.42 lakh in the corresponding period of FY25. The loss before tax stood at ₹2.21 lakh, an improvement from ₹2.70 lakh in Q1FY25.

The company recorded zero revenue from operations for the quarter. Total income remained at nil from operations, with other income not explicitly quantified in the primary statement but contributing to the final bottom line alongside deferred tax benefits.

Expense Breakdown

Total expenses fell 18% year-on-year to ₹2.21 lakh, down from ₹2.70 lakh in Q1FY25. This decrease was driven by a sharp drop in other expenses, which declined to ₹1.04 lakh from ₹1.59 lakh in the prior year quarter. Employee benefit expenses increased slightly to ₹1.14 lakh from ₹1.05 lakh year-on-year. Finance costs decreased marginally to ₹0.04 lakh from ₹0.06 lakh.

The net loss was further influenced by a deferred tax benefit of ₹0.46 lakh, compared to ₹0.72 lakh in the previous year quarter.

What the Numbers Show

The financial data reveals a complete absence of operational revenue generation during the quarter. With revenue from operations at zero, the company’s core business activities remained dormant. The reduction in net loss is primarily attributable to lower other expenses rather than any operational turnaround, as fixed costs such as employee benefits continued to accrue without offsetting sales.

Board Approval and Audit

The Board of Directors approved the unaudited standalone financial results on August 12, 2026. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the statutory auditors, M/s Rajeshkumar P. Shah & Co. The audit committee also reviewed the results prior to board approval.

For the full fiscal year ended March 31, 2026, the company reported a net loss of ₹32.06 lakh, with total expenses of ₹33.09 lakh against nil revenue from operations.

Jagjanani Textiles has accepted the resignation of Mr. Shiv Kumar Singhal from the position of Whole Time Director effective July 23, 2026. The Board of Directors approved the resignation during a meeting held on Thursday, citing personal commitments and pre-occupation as the reasons for his departure. This change impacts the company's Key Managerial Personnel structure immediately.

The resignation was submitted via a letter dated July 23, 2026, and Mr. Singhal has been relieved of his responsibilities with immediate effect. In his communication to the Board, Mr. Singhal confirmed that there are no other reasons for his resignation aside from the stated personal commitments. The company has acknowledged the receipt of the resignation letter and will proceed with the necessary filings to the Registrar of Companies.

The Board meeting, which commenced at 03:00 P.M. and concluded at 03:40 P.M., also took note of the regulatory requirements associated with the departure. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The specific circular referenced includes SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The following table details the particulars of the change in directorship as required under Schedule III of the SEBI Listing Regulations:

The resignation was formally accepted by Mr. Avnish Manojkumar Patel, Managing Director of Jagjanani Textiles Limited. Mr. Patel, who holds the DIN 02724940, signed the acceptance on behalf of the company. Mr. Singhal's DIN is 00075934.