Jasch Industries shareholders approved key board appointments and executive director remuneration increases at its 40th Annual General Meeting held on August 21, 2026. The meeting was conducted via video conferencing.

All nine resolutions presented for voting were passed with the requisite majority. The agenda included the adoption of audited standalone financial statements for FY26, the re-appointment of retiring director Ramnik Garg, and the ratification of cost auditor remuneration for FY27.

Board Appointments

Shareholders approved the appointment of Rishit Garg as Executive Director, including the fixation of his remuneration. This appointment requires a special resolution under the Companies Act, 2013.

The company also added two new independent directors to its board. Shareholders approved the appointments of Shyam Karan Garg and Aakash Goel as Independent Directors. Both positions were filled through special resolutions.

Executive Remuneration

The AGM authorized annual increments for three existing Executive Directors. Shareholders approved salary increases for Navneet Garg, Ramnik Garg, and Rushil Garg. These resolutions were also passed as special resolutions.

Voting Results

Sakshi Vashishth & Associates served as the scrutinizer for the meeting. The e-voting facility was provided by Central Depository Services (India) Limited (CDSL). Remote e-voting ran from August 17 to August 20, 2026.

The cut-off date for voting eligibility was August 14, 2026. No invalid votes were recorded for any of the resolutions.

Jasch Industries Limited reported a 72.6% year-on-year increase in standalone net profit to ₹381.32 lakh for the quarter ended June 30, 2026, driven by an 80% surge in revenue from operations to ₹7,526.36 lakh. The Board of Directors approved the unaudited financial results on July 30, 2026, citing robust demand across its synthetic leather segments as the primary growth catalyst.

The results were reviewed by the Audit Committee and approved by the Board, with Statutory Auditors Arora & Choudhary Associates issuing a limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS).

Financial Performance

Revenue from operations climbed to ₹7,526.36 lakh in Q1FY27, compared to ₹4,188.51 lakh in the same period last year. Total income stood at ₹7,533.46 lakh, including other income of ₹7.10 lakh. Earnings per share (basic and diluted) increased to ₹5.61 from ₹3.25 in Q1FY26.

Profit before tax rose to ₹509.57 lakh from ₹295.04 lakh in the prior year period. Tax expenses were recorded at ₹128.25 lakh, comprising current tax only; deferred tax was nil for the quarter.

Segment Analysis

The Polyurethane (PU) segment was the key growth driver, with revenue jumping 158.2% to ₹4,557.41 lakh from ₹1,764.70 lakh in Q1FY26. Segment result for PU more than doubled to ₹356.12 lakh from ₹130.89 lakh. The Polyvinyl Chloride (PVC) segment saw moderate growth, with revenue rising 22.3% to ₹2,976.05 lakh and segment result remaining stable at ₹204.33 lakh.

What the Numbers Show

The disproportionate growth in the PU segment relative to the PVC segment indicates a shifting product mix favoring higher-value PU applications. While total expenses grew at a similar rate to revenue (80.0% vs 79.7%), the absolute margin expansion suggests operational leverage in the high-growth PU line. Finance costs increased modestly to ₹50.88 lakh from ₹43.79 lakh, while employee benefits rose to ₹415.59 lakh, reflecting scaling operations.