Jain Irrigation Systems Ltd. has announced the resignation of its Nominee Director Mr. Aroop Sircar, effective April 25, 2026. The resignation marks the completion of his three-year tenure as a representative of the company's lenders on the Board of Directors.

Director Resignation Details

The company received Mr. Sircar's resignation letter on April 25, 2026 at 9:45 AM, following which he ceased to be a Director with immediate effect. The resignation was communicated to both BSE Ltd. and National Stock Exchange of India Ltd. in compliance with regulatory requirements.

Tenure Completion

Mr. Aroop Sircar was appointed by State Bank of India representing the lenders and served as Nominee Director for three years. In his resignation letter dated April 22, 2026, he confirmed that there are no material reasons for his resignation other than the completion of his tenure as Nominee Director.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also provided detailed disclosures as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Acknowledgment

In his resignation letter, Mr. Sircar expressed gratitude to the Chairman and all other Directors for their cooperation and support during his tenure. He wished the company success in all future endeavors. The resignation represents a routine transition following the completion of the standard three-year term for nominee directors representing lending institutions.

Jain Irrigation Systems Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 4, 2026, in Jalgaon and via video conferencing.

Strong Consolidated Revenue Growth

The company demonstrated robust consolidated performance in Q3FY26, with total income reaching ₹1,597.6 crores compared to ₹1,360.8 crores in the corresponding quarter of the previous year, representing a growth of 17.4%. EBITDA stood at ₹167.8 crores against ₹175.7 crores in Q3FY25.

Standalone Financial Performance

On a standalone basis, the company reported revenue from operations of ₹919.66 crores in Q3FY26 compared to ₹799.73 crores in Q3FY25, marking a 15.0% increase. Total expenses reached ₹900.46 crores against ₹783.90 crores in the previous year, while profit before tax improved to ₹26.17 crores from ₹18.65 crores.

Impact of New Labour Codes Implementation

A significant development during the quarter was the implementation of new Labour Codes by the Government of India, effective November 21, 2025. The company reported exceptional items of ₹38.93 crores in consolidated results, primarily consisting of incremental gratuity provisions due to changes in wage definitions and goodwill de-recognition from subsidiary liquidation.

Management Commentary and Strategic Outlook

Vice Chairman and Managing Director Anil Jain highlighted the strong quarter performance, noting 17.4% year-on-year revenue growth across all business segments. He emphasized that recent GST rate reductions have supported demand and aided revenue expansion. The company's focus on execution and cash discipline resulted in significant working capital cycle improvement, with cash flow from operations at 149% of EBITDA during the quarter.

For the nine-month period, the company sustained 13.5% growth in revenues while delivering margin improvement, reflecting benefits from strategic shift towards retail business and improved operating efficiencies.

Business Developments and Partnerships

During the period, the agro-processing arm JFFFL partnered with leading beverage brands to set up bottling facilities, with revenue contribution expected from Q4 FY26. JFFFL also entered into a joint venture with a leading international company for tomato puree manufacturing in India. Additionally, subsidiary Jain (Europe) Limited acquired a 72.5% stake in Harlequin Manufacturing Ltd, UK for ₹82.13 crores.