Jaihind Industries Limited shareholders approved the issuance of convertible warrants on a preferential basis and the appointment of Prasham Kumar Doshi as Managing Director at the 39th Annual General Meeting held on October 11, 2026.

The meeting, conducted at the company's registered office in Mumbai, also saw the adoption of audited standalone financial statements for FY26. The proceedings included the re-appointment of Pareshkumar Vinodray Savani as a director and an increase in authorised share capital.

Key resolutions passed

Shareholders voted on six agenda items, with two requiring special resolution status due to their significant impact on capital structure and governance.

Governance and attendance

Prasham Kumar Doshi chaired the meeting, which commenced at 9:30 am and concluded at 11:00 am. All key managerial personnel, including Whole-Time Director Deviben Doshi and CFO Karan Ketan Mehta, were present in person. The quorum was maintained throughout the session.

Remote e-voting was facilitated via the CDSL platform from October 8 to October 10, 2026. Members present who had not voted remotely cast their votes through poll during the meeting. The scrutinizer's report will be published on the company website and stock exchange portals within 48 hours of the conclusion.

Jaihind Industries has sent a letter containing the web link for its FY26 Annual Report and Notice of the 39th Annual General Meeting (AGM) to shareholders who have not registered their email addresses. The communication ensures compliance with SEBI Listing Regulations for members holding shares as on September 11, 2026.

The company previously scheduled its 39th AGM for October 11, 2026, to seek shareholder approval for a ₹99.32 crore preferential issue of convertible warrants. The meeting will also address the adoption of FY26 results and the appointment of new management.

Meeting Details

Shareholders holding equity shares as on the cut-off date of October 5, 2026, are eligible to vote. Remote e-voting commences on October 8, 2026, at 9:00 am and ends on October 10, 2026, at 5:00 pm.

Key Agenda Items

The AGM notice outlines several ordinary and special business items:

• Adoption of Financials: Receive and adopt the Audited Standalone Financial Statements for FY26 ended March 31, 2026.
• Director Appointments: Re-appoint Mr. Pareshkumar Vinodray Savani as Director by rotation. Appoint Mr. Prasham Kumar Doshi as Director and Managing Director for a five-year term from August 19, 2026, to August 18, 2031.
• Capital Increase: Increase authorised share capital from ₹9 crore to ₹30 crore by creating 2.1 crore additional equity shares of ₹10 each.
• Preferential Issue: Approve the issuance of up to 2.36 crore convertible warrants at ₹42 per warrant.

Preferential Issue of Convertible Warrants

The Board proposes to raise up to ₹99.32 crore through the issuance of 2,36,48,000 convertible warrants at an issue price of ₹42 each. Each warrant is convertible into one fully paid-up equity share of face value ₹10 at a premium of ₹32.

Subscribers must pay 25% of the issue price (₹10.50 per warrant) upfront, with the balance payable upon conversion within 18 months. The proceeds will be deployed as follows:

• Healthcare and Hospital Business: Up to ₹65 crore for infrastructure, equipment, and operational requirements.
• Textile and Trading Business: Up to ₹20 crore for procurement and distribution.
• Working Capital: Up to ₹10 crore for inventory and operational expenses.
• General Corporate Purposes: Balance amount for contingency and professional fees.

The allotment includes promoters Ajit Velshibhai Vasani and Jagruti Ajit Vasani, alongside 21 non-promoter investors such as Gaurav Kumar Jha and Agri World Ventures Private Limited. The post-issue shareholding pattern indicates no change in control, with promoters retaining their status.

FY26 Financial Performance

For the financial year ended March 31, 2026, Jaihind Industries reported a total income of ₹19.92 lakh, up from ₹13.55 lakh in FY25. The company posted a net profit of ₹1.84 lakh, compared to ₹1.58 lakh in the previous year. Profit before tax stood at ₹2.39 lakh against ₹2.08 lakh in FY25.

Total assets increased to ₹1,713.87 lakh from ₹1,694.48 lakh in FY25. Current assets rose to ₹1,653.13 lakh, driven primarily by trade receivables of ₹960.60 lakh. Borrowings stood at ₹114.13 lakh as of March 31, 2026.

Annual Report Access

The Annual Report for FY26, including the AGM notice and e-voting instructions, is being sent electronically to members who have registered their email IDs with the Registrar and Transfer Agent (RTA), Skyline Financial Services Pvt Ltd, or their respective Depository Participants.

Members without registered email IDs received a letter containing a web link to access the report. The document is also available on the company website, the Bombay Stock Exchange website, and the Skyline Financial Services portal. Members are advised to update their contact details with their DPs to ensure receipt of electronic communications.