Jai Corp Limited has scheduled its 41st Annual General Meeting for September 28, 2026, to approve a final dividend of ₹0.50 per share for FY26 and reappoint key board members.

The company confirmed the meeting date in an intimation issued on August 28, 2026, complying with Regulation 30 of the SEBI (LO&DR) Regulations 2015. The event will be conducted via Video Conferencing or Other Audio-Visual Means.

Dividend Declaration

The Board of Directors proposes a final dividend of ₹0.50 per equity share of face value ₹1 each for the financial year ended March 31, 2026. This payout is subject to shareholder approval at the AGM.

Additionally, the meeting will confirm the special interim dividend of ₹5.00 per share (500%) paid during FY26, as approved by the Board on July 26, 2025. The total equity shares outstanding stand at 17,55,04,995.

Record Date and Book Closure

The record date for determining shareholders eligible for the final dividend and e-voting rights is Monday, September 21, 2026. For physical shareholders, the book closure period runs from Tuesday, September 22, 2026, to Monday, September 28, 2026.

Dividends will be paid electronically to shareholders who have updated their bank details. Unclaimed dividends from previous years may be transferred to the Investor Education and Protection Fund (IEPF).

Board Reappointments

Shareholders will vote on two key board resolutions:

• Mr. Virendra Jain: Retiring by rotation, he seeks reappointment as a Non-Executive Director. He holds 100 equity shares and has over 40 years of experience.
• Mr. Dinesh D. Paliwal: Proposed for reappointment as Executive Director with the designation of Director-Works for three years, effective April 1, 2027. His proposed salary is up to ₹8.5 lakh per month, with perquisites capped similarly. He drew ₹84.37 lakh in remuneration for FY26.

Cost Auditor Remuneration

The company also seeks ratification of the remuneration payable to Tadhani and Co., Cost Accountants, for the financial year ending March 31, 2027. The approved fee is ₹88,000 excluding GST, unchanged from the previous year.

E-Voting and Meeting Logistics

Remote e-voting will be open from September 25, 2026, at 9:00 am to September 27, 2026, at 5:00 pm. Ms. Payal Chirag Thakkar has been appointed as the Scrutinizer for the voting process. Members can join the virtual meeting via the Bigshare platform using their demat account credentials or physical folio details.

Jai Corp reported a significant contraction in profitability for the first quarter, with consolidated net profit falling to ₹283 million compared to ₹1.04 billion in the corresponding period last year. Despite the drop in bottom-line earnings, the company’s top-line performance showed resilience, with revenue increasing by approximately 23% year-on-year to ₹1.6 billion, up from ₹1.3 billion previously.

The divergence between revenue growth and profit decline highlights a shift in operational efficiency versus non-operational or tax impacts, although specific drivers for the profit variance were not detailed in the filing. The company’s operating performance, however, demonstrated marked improvement.

Operational Metrics

EBITDA for the quarter stood at ₹238 million, a substantial increase from ₹82 million recorded in the prior year period. This expansion in operating profit was accompanied by a significant widening of margins.

What the Numbers Show

A key analytical observation is the stark contrast between operating leverage and net profitability. While EBITDA nearly tripled and margins expanded from 6.27% to 15.08%, net profit declined sharply. This suggests that factors below the operating line—such as interest expenses, taxes, or other income/expense items—played a dominant role in suppressing net earnings, offsetting the gains from improved operational efficiency.