Jai Mata Glass Limited has scheduled its 46th Annual General Meeting (AGM) for Tuesday, September 29, 2026, at its registered office in Solan, Himachal Pradesh. The meeting will consider the adoption of audited financial statements for FY26, which reported a net loss of ₹21.52 lakh, a significant improvement from the ₹50.66 lakh loss recorded in FY25.

The cut-off date for determining shareholder eligibility to vote is Tuesday, September 22, 2026. To facilitate the meeting, the Register of Members and Share Transfer Books for both Equity and Preference shareholders will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026, inclusive.

E-Voting and Book Closure Details

Shareholders can cast their votes electronically on all resolutions set out in the AGM notice. The remote e-voting facility will commence on Saturday, September 26, 2026, at 9:00 am and conclude on Monday, September 28, 2026, at 5:00 pm. Detailed instructions for this process are available in the notice of the AGM.

The eligibility cut-off date of September 22, 2026, determines which members are entitled to vote via the remote e-voting platform. This aligns with the book closure period starting the following day.

Auditor and Director Updates

In a separate development, the company withdrew its proposal to appoint M/s KTM & Company as statutory auditors for FY27 to FY31. Consequently, M/s Khiwani Sood & Associates, the current statutory auditors, will continue their tenure under existing terms. The board issued a corrigendum on September 1, 2026, to clarify this reversal.

The appointment of M/s Khushal Joshi & Associates as secretarial auditors for five years from FY27 to FY31 remains unchanged. Mr. Khushal Joshi was also appointed as the Scrutinizer for the AGM postal ballot and e-voting process.

Additionally, the board approved the re-appointment of Mr. Inesh Marwah (DIN: 11192771), who retires by rotation. His appointment is subject to shareholder approval at the ensuing AGM.

Financial Performance Overview

The company's revenue from operations declined sharply to ₹10.85 lakh in FY26 from ₹43.33 lakh in FY25. However, the reduction in operating expenses helped narrow the bottom-line loss. Other income also fell significantly to ₹4.23 lakh from ₹36.64 lakh in the previous year, largely due to lower gains on investment sales.

What the Numbers Show

Despite the steep decline in revenue, the company managed to reduce its net loss by nearly 58% year-on-year. This improvement was driven by a slight decrease in total expenses, which fell to ₹36.60 lakh from ₹37.88 lakh in FY25. The fixed nature of certain operating costs meant that while revenue contracted significantly, expenses did not fall proportionately, resulting in continued operational losses. The absence of significant one-time gains in other income further highlights the reliance on core operations, which remain under pressure.

Change in Control

Subsequent to the close of the financial year, the Promoter and Promoter Group entered into a Share Purchase Agreement with acquirers for the proposed sale of equity shares. This transaction is expected to result in a change in the Promoter and Promoter Group and consequential change in control of the Company, subject to applicable statutory and regulatory approvals. A mandatory open offer has been made to public shareholders, valid up to September 4, 2026.

Jai Mata Glass has scheduled a board meeting for Tuesday, September 1, 2026, at its New Delhi head office. The session aims to finalize preparations for the company’s upcoming annual general meeting and address routine corporate governance matters.

The primary agenda item involves considering and approving the notice for the 46th Annual General Meeting (AGM). This includes the explanatory statement and directors' report for the financial year ended March 31, 2026.

Key Agenda Items

The board will also focus on auditor appointments and director re-elections. Specific actions include:

• Appointing or re-appointing statutory auditors and fixing their remuneration
• Appointing or re-appointing secretarial auditors and determining their fees
• Selecting a scrutinizer for the ensuing 46th AGM
• Re-appointing Mr. Inesh Marwah as a director, who retires by rotation and offers himself for re-election
• Considering the closure of the register of members and share transfer books in compliance with the Companies Act

The meeting is set to begin at 12:30 pm at the company’s registered office in Chattarpur Extension, New Delhi.