Jattashankar Industries Limited held its 38th Annual General Meeting on September 28, 2026. The meeting approved audited financial statements for FY26 and authorized the shift of the registered office from Maharashtra to Gujarat.

The virtual meeting commenced at 2:00 pm and concluded at 2:33 pm. A total of 35 shareholders participated via video conferencing, satisfying the quorum requirements under the Companies Act and SEBI regulations. Managing Director Kevil Jayanti Khudai chaired the session, with Company Secretary Varsha Maheshwari managing proceedings.

Key resolutions passed

Shareholders voted on seven agenda items, covering both ordinary and special business. The adoption of the Board’s Report and Audited Financial Statements for the year ended March 31, 2026, was approved. Additionally, Vishal Ashara was re-appointed as a director following his retirement by rotation.

Significant structural changes were also ratified. The company will relocate its registered office from Mumbai, Maharashtra, to Ahmedabad, Gujarat. This move necessitates a consequent alteration to the Memorandum of Association. The meeting also approved the sub-division of equity shares and the alteration of the capital clause in the Memorandum of Association.

Governance and compliance updates

The AGM addressed the cancellation of a resolution previously passed at the 37th Annual General Meeting held in September 2025. Furthermore, shareholders adopted a new set of Memorandum of Association documents in compliance with the Companies Act, 2013.

The voting process combined remote e-voting, which was open from September 25 to September 27, 2026, with e-voting conducted during the meeting. Scrutinizer Bhargav Vyas was appointed to compile the results, which will be disseminated to stock exchanges and uploaded to the company website within 48 hours.

What the numbers show

The attendance of 35 shareholders at the virtual AGM highlights the concentrated nature of the company's retail investor base or low public float participation. While the source does not disclose specific financial figures such as revenue or net profit, the approval of share sub-division suggests a potential strategy to enhance liquidity and broaden the shareholder base by reducing the per-share price point.

Jattashankar Industries has scheduled its 38th annual general meeting for September 28, 2026. Shareholders will vote on a 1:10 share subdivision, the relocation of the registered office from Maharashtra to Gujarat, and the adoption of a new Memorandum of Association.

The company also released its audited financial results for FY26, reporting a net profit of ₹102.50 lakh compared to a net loss of ₹118.90 lakh in FY25. The meeting will be held via video conferencing at 2:00 pm. M/s B.S. Vyas & Associates has been appointed as the scrutinizer for e-voting. The record date for determining voting eligibility is September 21, 2026. Remote e-voting will commence on September 25, 2026, and end on September 27, 2026.

Share Split Details

The board approved splitting one fully paid-up equity share of face value ₹10 into ten shares of face value ₹1 each. The total share capital remains unchanged at ₹4.39 crore for issued capital and ₹13.10 crore for authorised capital.

The subdivision aims to enhance market liquidity and broaden the investor base by making shares more affordable for retail investors. Completion is expected within six months of shareholder approval.

Registered Office Shift

The board rescinded an earlier resolution to shift the registered office to Pune. Instead, it approved moving the office from Mumbai (Maharashtra) to Ahmedabad (Gujarat). This requires approval from shareholders, the Central Government via the Regional Director, and other relevant authorities.

Financial Performance

Revenue from operations surged to ₹12,941.37 lakh in FY26, up significantly from ₹817.07 lakh in FY25. The turnaround was driven by a change in business operations towards agricultural commodities.

What the Numbers Show

The shift from a net loss to a net profit in FY26 coincides with a massive expansion in revenue scale. While revenue grew over 15 times compared to FY25, the net profit margin remained thin at approximately 0.8%, indicating that the new agricultural commodity trading model operates on high volume but low margin economics.