Jaipan Industries Limited disclosed that Director Veena J Agarwal divested 1,89,080 equity shares, reducing her stake to zero. The transaction, executed via the open market between July 21 and July 22, 2026, was disclosed to the Bombay Stock Exchange pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The shares sold represented 3.10% of the company's total paid-up equity capital. Prior to the sale, the promoter group—including Jainarain O Agarwal, Veena Jainarian Agarwal, Neha Jainarayan Agarwal, and Shirish D Gotecha—collectively held 33.48% of the equity. Following the disposal, the total promoter group holding has adjusted to 30.38%.

Shareholding Details

The disclosure outlines the specific changes in the shareholding pattern of the Persons Acting in Concert (PAC). The table below details the holdings before and after the transaction:

Transaction Parameters

The equity share capital of Jaipan Industries Limited remains unchanged at Rs.6,09,98,400, comprising 60,99,840 equity shares of Rs.10/- each. The total diluted share capital also remains constant at this figure. The sale was conducted entirely through the open market mechanism.

Jaipan Industries reported a profit after tax of ₹10.03 lakh for the quarter ended June 30, 2026, a significant increase from ₹5.29 lakh in the corresponding period of the previous year. The company's revenue from operations for Q1FY26 stood at ₹519.76 lakh, a decline from ₹606.65 lakh recorded in Q1FY25. Total income for the quarter was ₹523.86 lakh, supported by other income of ₹4.10 lakh.

The Board of Directors approved the unaudited financial results along with the Limited Review Report during a meeting held on July 15, 2026. The results were reviewed by the Audit Committee and the Statutory Auditors. The company operates within a single primary business segment and has prepared the results in accordance with Indian Accounting Standards (Ind AS) 34.

Financial Performance

Total expenses for the quarter decreased to ₹513.83 lakh from ₹605.87 lakh in the prior year quarter. This reduction was driven by a negative change in inventories of finished goods and work-in-progress, which stood at -₹72.18 lakh compared to ₹70.35 lakh in Q1FY25. Employee benefits expenses also decreased to ₹25.49 lakh from ₹26.89 lakh year-on-year.

Profit before tax for the quarter rose to ₹10.03 lakh from ₹5.29 lakh in Q1FY25. The company reported no tax expenses for the current quarter or the comparative period. Earnings per share (EPS) on a basic and non-annualized basis remained flat at ₹0.01 per share.

Key Financial Metrics

The paid-up equity share capital remained constant at ₹609.98 lakh. Reserves, excluding revaluation reserves, increased to ₹780.87 lakh as of June 30, 2026, from ₹443.16 lakh in the same period last year.