JASH Engineering Limited has issued a postal ballot notice seeking shareholder approval for the re-appointment of Mr. Suresh Patel as Executive Director. The company announced the e-voting process under Regulation 30 of SEBI Listing Regulations, with voting scheduled from April 12, 2026 to May 11, 2026.

Executive Director Re-appointment Details

The Board of Directors approved Mr. Suresh Patel's (DIN: 00012072) re-appointment on February 13, 2026, subject to shareholder approval through postal ballot. The re-appointment is effective from February 14, 2026 for a period of two years until February 13, 2028.

E-voting Process and Timeline

The company has arranged remote e-voting facility through M/s. MUFG Intime India Private Limited (formerly Link Intime India Private Limited). The e-voting period commences on Sunday, April 12, 2026 at 09:00 a.m. (IST) and concludes on Monday, May 11, 2026 at 5:00 p.m. (IST).

Newspaper Advertisement Publication

Pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI Listing Regulations, the company published newspaper advertisements regarding the postal ballot notice and e-voting information. The advertisements were published in Financial Express Mumbai Edition (in English) and Choutha Sansar (in Hindi) on April 12, 2026.

Remuneration Structure

The proposed remuneration package for Mr. Suresh Patel includes comprehensive compensation components subject to statutory limits under the Companies Act, 2013.

Key Remuneration Components:

• Basic Salary: Up to maximum of Rs. 7,00,000 per month with increments as decided by Board
• Perquisites and Allowances: Conveyance allowance, medical reimbursement, leave travel allowance, special allowance, gratuity, and leave encashment
• Commission: Calculated with reference to net profits, subject to overall ceiling under Sections 197, 198 read with Schedule V of Companies Act, 2013
• Minimum Remuneration: Subject to limit of 5% of Annual Net Profits and overall limit of 10% for all managerial personnel combined

Director Profile and Experience

Mr. Suresh Patel, aged 83 years, brings over four decades of business management experience to the company. He holds a B.E. (Civil) degree and has been serving as Executive Director since February 14, 2020. As a promoter of the company, he holds 20,81,070 equity shares and is the uncle of Mr. Pratik Patel.

Regulatory Compliance and Scrutinizer

The postal ballot process complies with Sections 108, 110 of the Companies Act, 2013 and SEBI Listing Regulations. Mr. Ankit Joshi, Practicing Company Secretary from Indore, has been appointed as scrutinizer to conduct the postal ballot process in a fair and transparent manner. The postal ballot notice is available on the company's website at www.jashindia.com and stock exchange websites.

JASH Engineering Limited has announced its financial performance for FY25-26 and provided revenue projections for the upcoming fiscal year, along with updates on its order book position and operational challenges. The company reported consolidated unaudited revenue of Rs 736 Cr for FY25-26, which fell short of earlier projections due to external market factors.

Financial Performance FY25-26

The company achieved consolidated unaudited revenue of approximately Rs 736 Cr for FY25-26, compared to the revised revenue projection of Rs 775-800 Cr announced in January/February 2026. This represents no growth over the consolidated audited revenue of Rs 735 Cr achieved in FY24-25.

The revenue shortfall was attributed to tariff issues in the USA and the war in the Middle East, which put all dispatches to the Middle East on hold and affected global shipping and container availability, leading to delays in shipments. Additionally, orders worth approximately Rs 35 Cr were dispatched and invoiced in March 2026 but are not recognized as revenue for FY25-26 due to not meeting Incoterms delivery cut-off date requirements. This Rs 35 Cr will be considered in Q1 revenue of FY26-27.

Revenue Projections for FY26-27

For FY26-27, JASH Engineering is projecting consolidated sales revenue of Rs 875 Cr, representing growth of approximately 19% over FY25-26 revenue. The company noted that this target factors in potential economic slowdowns due to ongoing geopolitical conflicts and oil price volatility that may affect project execution worldwide.

Order Book and Market Position

As of April 1, 2026, the company maintains a robust consolidated order book position of Rs 827 Cr, which includes orders from WesTech-India acquired in February 2026.

Within the international order book of Rs 572 Cr, the USA market accounts for Rs 330 Cr, while Waterfront-UK contributes Rs 20 Cr, Mahr-Austria adds Rs 19 Cr, and the remaining Rs 203 Cr represents orders from other global markets.

Recent Order Intake and Pipeline

In March 2026, the company received consolidated orders worth Rs 57 Cr, with Rs 22 Cr from the Indian market and Rs 35 Cr from international markets. Significant contributors included Llyods Metals-Hedri, Khiladi Infra-Mumbai, and Neercare India-New Delhi from domestic markets, and Napa floodwalls-USA and Woodland fish passage-USA from international operations.

The company also has negotiated orders worth Rs 40 Cr awaiting formal purchase orders, with Rs 10 Cr for the Indian market and Rs 30 Cr for international projects.

Operational Updates and Strategic Decisions

Regarding US tariff situations, following the US Supreme Court ruling, the current applicable tariff has been reduced to approximately 15% from the earlier 50%. The company has initiated steps to claim refunds for excess tariffs charged previously.

Due to the uncertain geopolitical scenario and increased project costs from tariffs and conflicts, JASH Engineering has decided to defer investment plans for manufacturing facilities in both the USA and Saudi Arabia until market conditions stabilize.