Jattashankar Industries Limited has allotted 7,58,695 convertible warrants to investors in the non-promoter category at a price of ₹92 each. The Board of Directors approved the allotment on June 30, 2026. The warrants are convertible into equity shares with a face value of ₹10 each within 18 months from the date of allotment.

The issue price of ₹92 per warrant includes a premium of ₹82. The company received 25% of the consideration, totaling ₹1,74,49,985, at the time of allotment. The remaining 75% of the issue price must be paid before the option to convert the warrants into equity shares is exercised. The allotment was made in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Allotment Details

The warrants were issued to eight entities in the non-promoter category. The list of allottees includes individuals and corporate entities such as OTP Tradex LLP and Pioneer Trading.

This allotment is part of a larger issuance of 80,88,695 warrants approved by the Board. Upon conversion of the entire tranche, the paid-up equity share capital of the company will increase from ₹4,38,71,000 to ₹12,47,57,950. The equity shares proposed to be allotted upon exercise of the warrants shall rank pari passu in all respects with the existing equity shares of the company.

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.

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.