Jay Ambe Supermarkets has entered into a registered lease arrangement for commercial premises in Bayad, District Arvalli, Gujarat, to establish a new supermarket under the brand name City Square Mart. The company executed the lease deed on June 3, 2026, securing Unit Nos. 1-8 and 51-58 on the Ground Floor of Block "A" in Shreeji Madhuram Complex. The leased area measures approximately 4,000 sq ft. This move forms part of the company's ongoing business expansion and retail growth strategy aimed at increasing its geographical presence and revenue base in the Gujarat region.

The leasing arrangement was executed with four independent individual property owners: Pinakinbhai Ramanbhai Patel, Manishbhai Jagdishbhai Patel, Ushaben Chandreshbhai Patel, and Rajubhai Manoharbhai Rajput. The counterparties are natural persons and do not hold any shares in Jay Ambe Supermarkets Limited. The company confirmed that none of the lessors are related to the promoter, promoter group, or any group companies. Consequently, the transaction does not constitute a Related Party Transaction under Section 2(76) of the Companies Act, 2013 or Regulation 2(1)(zb) of the SEBI (LODR) Regulations, 2015.

The terms of the agreement were negotiated on an arm's length and commercial basis. The execution of the lease deed is a purely commercial and operational arrangement intended to expand the company's retail business. Jay Ambe Supermarkets stated that this agreement does not affect, alter, or restrict its management, governance, or control structure. No specific restrictions or liabilities were imposed upon the listed entity as a result of this transaction.

Key Details of the Lease Arrangement

Jay Ambe Supermarkets Limited has announced its audited standalone financial results for the year ended March 31, 2026. The Board of Directors approved the financial statements during a meeting held on May 20, 2026. The company reported a strong financial performance with notable growth in both revenue and profitability compared to the previous fiscal year.

Financial Performance Overview

For the fiscal year 2026, the company achieved a net profit of ₹487.48 lakh, a substantial rise from the ₹148.00 lakh recorded in the previous year. Revenue from operations surged to ₹7149.76 lakh, up from ₹2912.63 lakh in the prior year. Total revenue for the period stood at ₹7155.31 lakh. The earnings per equity share (basic) for the year increased to ₹6.25.

The half-year results for the period ended March 31, 2026, also reflected positive momentum, with a net profit of ₹336.18 lakh on revenue from operations of ₹4093.32 lakh. The statutory auditors, M/s P K N & Co., issued an audit report with an unmodified opinion on the results.

Balance Sheet and Cash Flows

The company's balance sheet as of March 31, 2026, showed total assets of ₹5825.37 lakh, a significant increase from ₹2677.84 lakh in the previous year. Share capital expanded to ₹888.00 lakh, while reserves and surplus grew to ₹2558.24 lakh. Fixed assets (tangible net block) were recorded at ₹1921.06 lakh.

Cash and bank equivalents improved to ₹193.03 lakh as of March 31, 2026, compared to ₹37.13 lakh in the prior year. The net cash flow from operating activities for the year was positive at ₹307.65 lakh, whereas investing activities resulted in a net cash outflow of ₹1775.67 lakh, primarily due to the purchase of fixed assets.

Utilization of Issue Proceeds

The Board also took note of the certificate of utilization of issue proceeds certified by the statutory auditor. Out of the total issue proceeds of ₹1844.54 lakh, the company utilized ₹1697.65 lakh towards various objects including the purchase of stores, fit-outs, working capital, and general corporate purposes. An unutilized amount of ₹147.00 lakh remains as of March 31, 2026.

Key Financial Metrics for FY26