Jamshri Realty has activated the remote e-voting facility for its 118th Annual General Meeting (AGM), scheduled for Tuesday, August 25, 2026. The voting window opens on Saturday, August 22, 2026, at 9:00 a.m. IST and closes on Monday, August 24, 2026, at 5:00 p.m. IST. This update provides shareholders with precise timelines to exercise their voting rights ahead of the virtual meeting, which will be conducted via Video Conference or Other Audio Visual Means (OAVM).

The company issued the notice pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and applicable Ministry of Corporate Affairs (MCA) circulars. Joint Managing Director Rajesh Damani signed the submission to the Bombay Stock Exchange on August 4, 2026. Shareholders holding securities as of the record date — determined by the book closure period from August 19, 2026, to August 25, 2026 — are eligible to vote. The Register of Members and Share Transfer Books remain closed during this period to finalize the list of participants.

E-Voting and Access Details

Shareholders who have not registered their email addresses with Purva Share Registry (India) Private Limited, the Registrar and Share Transfer Agent (RTA), must update their details using Form ISR-1. Those holding shares in demat mode should coordinate with their Depository Participants. Once a vote is cast remotely, it cannot be modified. Shareholders who vote remotely may still attend the AGM but cannot vote again.

Regulatory Compliance and Document Access

The Annual Report for FY26 and the AGM notice are available electronically on the company’s website at https://jamshri.in/investors/ and the BSE portal. Physical shareholders or those without registered emails receive a web-link via newspaper notices published in compliance with SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This circular mandates KYC updates, including PAN, address, and bank details, for physical security holders.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE462D01034/f25d88d8-8b29-4095-98af-83b21a561eac.pdf

Jamshri Realty reported a net loss of ₹18.61 lakhs for the financial year ended March 31, 2026 (FY26), marking an 85% improvement over the ₹123.80 lakhs loss recorded in FY25. The turnaround was primarily driven by the discontinuation of its loss-making self-operated Swadisht Restaurant, lower finance costs, and increased rental income from new tenants including Samsung, Adidas, and Levi’s. This financial stabilization signals that the company’s strategy of transforming its historic mill campus into a mixed-use retail and hospitality destination is beginning to yield operational efficiencies, reducing the burden on shareholders despite a heavy debt load.

The Board of Directors convened its 118th Annual General Meeting on August 25, 2026, via video conference to approve these financial statements. Shareholders were asked to re-appoint Premratan Damani and Rekha Thirani as directors, renew the appointment of Rajesh Damani as Joint Managing Director for one year, and approve a related-party transaction to purchase a solar power plant from Rampro Consultants Pvt Ltd for ₹2.20 crore plus GST. The meeting also addressed critical capital structure adjustments necessary for ongoing development.

Financial Performance

Revenue from operations stood at ₹712.01 lakhs in FY26, a marginal increase from ₹703.12 lakhs in FY25. Rental income grew to ₹386.85 lakhs from ₹367.19 lakhs, while hospitality services contributed ₹325.16 lakhs. Other income declined to ₹165.86 lakhs from ₹202.33 lakhs, largely due to lower interest on deposits.

EBITDA expanded significantly to ₹370.70 lakhs, up from ₹270.37 lakhs in the previous year. The improvement in operating profitability was offset by high fixed charges, including finance costs of ₹290.36 lakhs and depreciation of ₹94.20 lakhs on recently capitalized assets. The company incurred a loss of ₹4.76 lakhs from discontinued operations, compared to no such loss in FY25 where exceptional items had previously masked some operational deficits.

Capital Structure and AGM Resolutions

A key focus of the AGM was the request for shareholder approval to increase borrowing limits from ₹75 crores to ₹100 crores under Section 180(1)(c) of the Companies Act, 2013. This resolution, passed as a special resolution, aims to provide the flexibility needed to complete the ongoing campus development. Concurrently, shareholders approved the creation of charges on assets up to ₹100 crores to secure these borrowings.

The company’s balance sheet reflects a negative net worth of ₹535.27 lakhs, with total borrowings standing at ₹5,378.72 lakhs as of March 31, 2026. The high leverage is attributed to the phased development of Jamshri City, which includes repurposed mill structures into retail and office spaces. Management noted that interest cover remained below one time throughout the year, highlighting the continued pressure from debt servicing costs against current income levels.

Operational Highlights

As of March 31, 2026, approximately 71,000 square feet of retail and commercial space was occupied, representing 70% of the leasable area at Jamshri High Street. Footfall averaged 1,800–2,000 visitors daily. The fit-out for Connplex Cinemas progressed substantially, with box office and auditorium interiors nearing completion. Additionally, the company appointed ANA as the master planner for the wider Jamshri City site to create a commercially viable master plan.

Subsequent to the fiscal year-end, the company finalized agreements with US Polo Assn., Arrow, Blackberrys, Jockey, and Fastrack. Rentals from these brands are expected to commence in FY27, further diversifying the tenant mix and revenue base. The campus also features a 950 kW rooftop solar installation that generated 1,137,878 units during FY26, supporting the company’s sustainability initiatives.

What the Numbers Show

The divergence between EBITDA growth and net profit performance underscores the transitional nature of Jamshri Realty’s business model. While operational efficiency improved—evidenced by the 37% jump in EBITDA and the strategic exit from direct food service operations—the bottom line remains constrained by the cost of capital. Finance costs consumed nearly 80% of the EBITDA generated, indicating that the asset base is still being built ahead of full income realization. The narrowing loss suggests that as leasing matures and new tenants occupy space, the gap between operating cash flows and debt obligations will progressively close, moving the company toward eventual profitability.