Jamna Auto Industries has announced the re-appointment of Mr. Gautam Mukherjee as an Independent Director for a second term of five years. The resolution was approved by shareholders with a requisite majority through a postal ballot conducted via remote e-voting. Mr. Gautam Mukherjee (DIN: 02590120) will serve on the Board from May 31, 2026, to May 30, 2031, and his term will not be liable to retire by rotation.

The remote e-voting process was managed by National Securities Depository Limited (NSDL) and took place from June 1, 2026, to June 30, 2026. The cut-off date for determining shareholder eligibility was May 22, 2026. The voting results were scrutinized by Ravi Sharma, a Practicing Company Secretary and Managing Partner of RSM & Co., who confirmed the resolution was carried with the necessary majority.

Voting Results Summary

The special resolution received strong support across shareholder categories. A total of 254,515,769 votes were cast in favor, representing 98.25% of the total votes polled. Public Institutions and Public-Non Institutions participated actively, with Promoter and Promoter Group casting 100% of their votes in favor.

Detailed Voting Breakdown

Procedural Compliance

The company complied with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013. Notices were dispatched electronically to shareholders, and newspaper advertisements were published in Business Standard and Jansatta on May 28, 2026, to inform members about the e-voting process. The votes were unblocked on June 30, 2026, in the presence of independent witnesses.

Jamna Auto Industries reported a consolidated net profit of ₹23,097.91 lakh for the financial year ended March 31, 2026, marking an increase from ₹18,031.96 lakh in the previous year. Revenue from operations for the period stood at ₹261,158.73 lakh, compared to ₹227,013.73 lakh in FY25. The company's Board of Directors approved the audited financial results for both consolidated and standalone accounts during a meeting held on May 29, 2026.

Consolidated Financial Performance

For the quarter ended March 31, 2026, the company recorded a profit after tax of ₹8,726.56 lakh. Total income for the quarter reached ₹83,960.05 lakh. The statutory auditors, Price Waterhouse Chartered Accountants LLP, issued an unmodified opinion on the consolidated financial results.

The Board recommended a final dividend of ₹1.50 per equity share of ₹1 each. This includes an interim dividend of ₹1 per share declared earlier, bringing the total dividend for FY26 to ₹2.50 per share. The payout is subject to shareholder approval at the ensuing Annual General Meeting.

Operational Highlights and Exceptional Items

The financial results include an exceptional item regarding the impact of new labour codes, which amounted to ₹1,187.74 lakh for the year. The company recorded this expense in consultation with external experts following the notification of New Labour Codes in November 2025. Additionally, the group entered into a new factoring arrangement without recourse for trade receivables, resulting in related costs of ₹923.68 lakh for the year presented under finance costs.

Standalone Results

On a standalone basis, the company reported a net profit of ₹24,924.96 lakh for FY26, up from ₹21,113.02 lakh in the previous year. Revenue from operations for the year was ₹253,852.64 lakh. The standalone financial results were also audited and received an unmodified opinion from the statutory auditors.

Capital Allocation

During the year ended March 31, 2026, the company issued and allotted 806,750 equity shares under the Employee Stock Option Scheme, 2017. Consequently, the paid-up equity share capital increased to ₹3,996.48 lakh as of March 31, 2026.