Jai Balaji Industries held its 27th Annual General Meeting on September 24, 2026, where shareholders approved all eight agenda items with overwhelming majorities. The virtual gathering focused on adopting FY26 financial statements and approving significant changes to the board composition.

The meeting was conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM) provided by CDSL, in compliance with Ministry of Corporate Affairs and SEBI regulations. Sanjiv Jajodia, Whole-time Director, welcomed members and confirmed the requisite quorum. Aditya Jajodia, Chairman and Managing Director, presided over the session, briefing attendees on company performance and future outlook.

Key agenda items

The Company Secretary outlined eight agenda items, comprising ordinary and special business. Members were given the opportunity to ask questions, which were addressed by the Chairman before voting commenced.

Ordinary business

1. Adoption of audited financial statements for the year ended March 31, 2026, along with Board and Auditor reports.
2. Re-appointment of Rajiv Jajodia as Director, retiring by rotation.

Special business

The following resolutions were tabled for member approval:

• Ratification of remuneration for Cost Auditor Mondal and Associates for FY27.
• Re-appointment of Sanjiv Jajodia as Whole-time Director for three years.
• Appointment of Babu Swadesh Sharma as Director and Whole-time Director for three years.
• Re-appointment of Pradip Kumar Tibdewal as Independent Director for five years.
• Re-appointment of Parthasarathi Mukhopadhyay as Independent Director for five years.

Voting and scrutiny process

Remote e-voting was open from September 21 to September 23, 2026. Additional e-voting facilities were available during the meeting for those who had not voted earlier. MKB & Associates, Company Secretaries, served as the Scrutinizer to ensure a fair and transparent process. The final voting results and Scrutinizer’s Report have now been communicated to stock exchanges.

Shareholder participation details

A total of 143 shareholders attended the meeting through Video Conferencing, comprising 20 from the Promoter & Promoter Group and 123 from the Public category. No physical meeting or proxy appointment arrangement was made as the meeting was held entirely through VC/OAVM. The total number of shareholders on the record date stood at 47,873.

Resolution voting outcomes

All resolutions passed with requisite majority. The voting pattern indicates strong alignment between promoter interests and public shareholder approval across all items. Below is a summary of the voting results for key resolutions:

What the numbers show

The voting data reveals a near-unanimous consensus among shareholders. For the most contested item, the re-appointment of Independent Director Parthasarathi Mukhopadhyay, only 0.0006% of votes polled were cast against the resolution. This extremely low dissent rate suggests strong confidence in the current board composition and management strategy among both institutional and retail investors. Promoter group voting remained at 100% in favour across all resolutions, while public institutions also voted unanimously in favour.

Jai Balaji Industries will participate in the GIA Metals Day, a virtual group interaction with analysts and institutional investors, scheduled for Tuesday, September 29, 2026.

The company disclosed this schedule in a filing to the National Stock Exchange of India and BSE Limited. The event is categorized as a group interaction conducted via virtual mode.

Disclosure Details

The intimation was submitted under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no Unpublished Price Sensitive Information (UPSI) is proposed to be shared during the meeting.

Compliance and Availability

The disclosure is available on the company's website. Jai Balaji Industries noted that the date of the meeting may be subject to change due to exigencies on the part of the analysts or investors.