Jagjanani Textiles reported a net loss of ₹32.06 lakh for FY26, widening from a ₹13.65 lakh loss in FY25, as it recorded zero revenue from operations. The company has scheduled its 29th Annual General Meeting (AGM) for September 30, 2026, to address this financial performance and propose shifting its registered office from Rajasthan to Gujarat.

The Board of Directors approved the agenda on September 8, 2026, and issued the notice on September 10, 2026. The meeting will be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Shareholders holding shares as on the cut-off date of September 23, 2026, are eligible to vote.

Financial Performance

The company incurred a total loss after tax of ₹32.06 lakh in FY26, compared to ₹13.65 lakh in FY25. Total expenses rose to ₹33.09 lakh from ₹24.02 lakh in the previous year. Other income fell sharply to ₹1.28 lakh from ₹9.65 lakh in FY25, driven by expense/liability write-backs. The company generated no revenue from operations in either year.

Agenda Details

Shareholders will vote on four primary resolutions via remote e-voting and physical voting during the meeting:

Voting Process

The remote e-voting window opens on September 26, 2026, at 9:00 am and concludes on September 29, 2026, at 5:00 pm. The facility is provided by Central Depository Services (India) Limited (CDSL). Mr. Utkarsh Shah has been appointed as the Scrutinizer for the voting process.

What the Numbers Show

The company’s financial position reflects a lack of operational activity, with zero revenue recorded for two consecutive years. The widening loss is primarily driven by a 37.8% increase in total expenses to ₹33.09 lakh, despite a significant drop in other income. Notably, penalties accounted for ₹18.31 lakh of the expenses in FY26, up from ₹7.36 lakh in FY25, indicating regulatory compliance costs are a material drag on profitability.

Jagjanani Textiles appointed Hemang H Joshi as an Additional Director in the category of Executive Director, effective August 18, 2026. The Board of Directors approved the appointment during its meeting held on Tuesday, August 18, 2026. The appointment is subject to the approval of the Company's shareholders.

The Board Meeting commenced at 3:00 pm and concluded at 3:45 pm. Mr. Avnishkumar Manojkumar Patel, Managing Director, certified the true copy of the resolution.

Appointment Details

Mr. Hemang H Joshi (DIN: 07831487) joins the Board as an Executive Director. He is not related to the Promoters or the Promoter Group. Pursuant to BSE circular no. LIST/COMP/14/2018-19 dated June 20, 2018, he is not debarred from holding the office of a director pursuant to any order of SEBI or any other authority.

Professional Profile

Mr. Joshi holds a Diploma in Electronics & Telecommunication Engineering and possesses approximately 23 years of experience in Business Strategy, General Management, Marketing Management - Industrial, and Marketing Management - International. The Board considers him suitable for the appointment based on his experience, knowledge, and professional capabilities.

Regulatory Compliance

The Company disclosed the change in Board composition under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. The disclosure was made in accordance with Schedule III - Para A (7 & 7C) of Part A of the Listing Regulations and SEBI Master Circular bearing Ref. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.