Jattashankar Industries classifies Spazio Formulations as Promoter Group

Jattashankar Industries Limited issued a corrigendum on June 9, 2026, to its postal ballot notice regarding the preferential issue of warrants, disclosing the beneficial owners of Spazio Formulations Limited and reclassifying the entity from 'Public' to 'Promoter Group'. The revision impacts Agenda Item No. 2 of the postal ballot notice, which seeks shareholder approval for the issuance of 81,55,000 convertible warrants. The company stated that the corrigendum was issued in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The preferential issue proposes to allot warrants to 55 entities, including Spazio Formulations Limited, Alantis Comtrade LLP, Alantis Exim LLP, Alantis Globe LLP, and OTP Advisory LLP. The corrigendum specifically identifies Patel Tarunkumar Gunvantlal, Digvijaysinh Chauhan, and Vedant Tarunbhai Patel as the natural persons who are the ultimate beneficial owners of Spazio Formulations Limited. Following the reclassification, the total promoter and promoter group shareholding is expected to increase to 31.76% from 72.56% post-issue, while public shareholding is projected to rise to 68.24%.

The remote e-voting process commenced on May 13, 2026, and will remain open until June 11, 2026, at 05:00 P.M. IST. Shareholders who have already cast their vote on Resolution No. 2 and have queries regarding the corrigendum may contact the company via email. The corrigendum must be read in conjunction with the postal ballot notice dated May 12, 2026, and previous corrigendums dated May 20 and May 27, 2026.

Warrant Allotment Details

The company has provided a detailed list of proposed allottees and the number of warrants to be issued to them.

Sr. No.	Name of the Proposed Allottee(s)	Category	No. of Convertible Warrants proposed to be issued
1.	Keshwala Panisha Rajeshbhai	Public	2,50,000
2.	Lakhmanbhai Bhurabhai Odedara	Public	3,00,000
16.	Magestic Capital Finance Advisory Private Limited	Public	11,00,000
35.	Spazio Formulations Limited	Promoter Group	2,00,000
36.	Alantis Comtrade LLP	Promoter Group	1,50,000
37.	Alantis Exim LLP	Promoter Group	1,50,000
39.	Alantis Globe LLP	Promoter Group	1,50,000
40.	OTP Advisory LLP	Promoter Group	1,50,000
	Total		81,55,000

Shareholding Pattern

The pre-issue and post-issue shareholding patterns indicate a significant shift in ownership structure upon the conversion of warrants.

Description	Pre-Issue Shareholding		Post Issue Shareholding
	No. of shares	% of shares	No. of shares	% of shares
Promoter and Promoter Group
Individuals/ HUF	31,83,483	72.56	31,83,483	25.38
Bodies Corporate	0	0.00	8,00,000	6.38
Total (A)	31,83,483	72.56	39,83,483	31.76
Public Shareholding
Institutions	300	0.01	300	0.00
Non-institutions	12,03,317	27.43	85,58,317	68.24
Total (B)	12,03,617	27.44	85,58,617	68.24
TOTAL (A)+(B)	43,87,100	100.00	1,25,42,100	100.00

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	+1.23%	+0.05%	+13.89%	+55.21%	+1,919.70%

Jattashankar Industries Limited returned to profitability in the financial year ended March 31, 2026, posting a net profit of ₹102.50 lakh compared to a net loss of ₹118.90 lakh in the previous year. This turnaround was driven by a significant surge in revenue from operations, which rose to ₹13,009.65 lakh for FY26 from ₹957.13 lakh in FY25. The company operates in a single segment involving the trading of agricultural commodities.

Financial Performance

The Board of Directors approved the audited financial statements and results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026. The statutory auditors carried out a limited review of the financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For the quarter ended March 31, 2026, the company reported a net profit of ₹56.98 lakh on revenue from operations of ₹7,339.59 lakh.

Particulars	Year Ended 31.03.2026 (₹ in Lacs)	Year Ended 31.03.2025 (₹ in Lacs)
Revenue from Operations	13,009.65	957.13
Net Profit / (Loss) for the period	102.50	(118.90)
Basic EPS (₹)	2.34	(2.71)

Operational Highlights

Total expenses for FY26 stood at ₹12,886.20 lakh, up from ₹962.33 lakh in the prior year, primarily due to the purchase of traded goods amounting to ₹12,915.51 lakh. The company reported an other comprehensive income of nil for both periods. Earnings per share (EPS) improved to ₹2.34 for FY26 from a negative ₹2.71 in FY25. Reserves, excluding revaluation reserve, increased to ₹1,507.88 lakh as of March 31, 2026, from ₹1,405.39 lakh in the previous year.

Corporate Governance

In addition to the financial results, the Board approved the Secretarial Audit Report for the year ended March 31, 2026. The company appointed M/s. Babubhai Patel & Associates, Chartered Accountants, as the internal auditor for the financial year 2026-27. The firm, based in Ahmedabad, brings over 35 years of experience in taxation and auditing.