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.

Jattashankar Industries Limited has issued a further corrigendum to its Notice of Postal Ballot, reducing the proposed issue size of convertible warrants to ₹75,02,60,000. The revision, dated May 27, 2026, follows a previous corrigendum on May 20, 2026, and addresses modifications to the resolution and explanatory statement for Agenda Item No. 2 regarding the issuance of warrants on a preferential basis. The reduction is attributed to the ineligibility of certain allottees, decreasing the total number of warrants from 86,95,000 to 81,55,000.

The company seeks shareholder approval to issue up to 81,55,000 convertible warrants at a price of ₹92 each, including a premium of ₹82, to persons and entities in the “Promoter and Promoter Group” and “Non-Promoter” categories. The proceeds, aggregating to ₹75,02,60,000, are intended to meet working capital requirements and for general corporate purposes. The remote e-voting process commenced on May 13, 2026, and shareholders have until June 11, 2026, at 5:00 P.M. to cast their votes.

Key Details of the Preferential Issue

The board approved the issue on May 12, 2026, based on a valuation report from M/s. Procurve Valux Private Limited. The relevant date for determining the issue price is May 12, 2026. The warrants will be convertible into one equity share of ₹10 each. The company stated that the issue will not result in any change in management or control.

Utilization of Proceeds

The corrigendum specifies that the funds will be utilized within six months from the date of receipt. Shareholders who have already voted on Resolution No. 2 and have queries regarding the revision may contact the company via email at jattashankarind@yahoo.com until June 11, 2026. The notice must be read in conjunction with the original Postal Ballot Notice dated May 12, 2026, and the prior corrigendum.