Jay Bee Laminations Limited has redesignated Mrs. Sunita Aggarwal from Executive Director to Non-Executive Non-Independent Director, effective May 26, 2026. The Board of Directors approved this change to align with her evolving role towards strategic guidance and advisory functions within the company. She remains liable to retire by rotation.

The decision was taken during a Board meeting held on May 26, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mrs. Sunita Aggarwal confirmed there are no material reasons for the change other than the shift in her role. The company confirmed she is not debarred from holding the office of director by any order from SEBI or other authorities.

Mrs. Sunita Aggarwal is the wife of Mr. Munish Kumar Aggarwal, Chairman & Whole-Time Director, and the mother of Mr. Mudit Aggarwal, Managing Director of the company. She is not related to any other Director or Key Managerial Personnel.

The meeting commenced at 2:40 p.m. (IST) and concluded at 3:00 p.m. (IST). Arti Chauhan, Company Secretary & Compliance Officer, signed the regulatory filing.

Jay Bee Laminations Limited has reported its audited financial results for the year ended March 31, 2026. The company achieved a total revenue of ₹5,479.72 Mn in FY26, an increase of 49% from ₹3,674.55 Mn in FY25. Profit After Tax (PAT) for the year stood at ₹182.62 Mn, compared to ₹253.86 Mn in the previous year. The decline in annual profits was attributed to volatility in the CRGO business, where raw material prices fell by 30% to 35% during the year, impacting gross margins. The Board of Directors approved the audited standalone financial statements at its meeting held on May 16, 2026.

H2FY26 Performance

For the second half of FY26, the company recorded net sales of ₹3,292.45 Mn, a rise of 53.65% compared to ₹2,142.82 Mn in H2FY25. Sequentially, revenue grew by 50.53% from H1FY26. EBITDA for H2FY26 improved to ₹238.73 Mn from ₹200.57 Mn in the corresponding period of the previous year. PAT for the half-year recovered to ₹145.77 Mn, up from ₹109.75 Mn in H2FY25. The company generated a cash flow from operations of ₹30.1 Cr in FY26 compared to a negative ₹33.87 Cr in the previous year.

Segment and Operational Highlights

The company's revenue stream diversified during the year with the inclusion of EPC Turnkey Projects. In H2FY26, the EPC segment contributed ₹1,414.63 Mn to the total revenue, while the manufacturing of CRGO products and transformers contributed ₹1,877.82 Mn. The total revenue mix for H2FY26 was 56% from the CRGO Division, 1% from the Transformer Division, and 43% from the EPC Division. Management stated that EBITDA margins within the EPC division hover around 12%, with expectations for future orders to be between 8% and 10%.

Financial Metrics

The following table summarizes the key financial metrics for FY26:

The balance sheet remained robust with total assets increasing to ₹3,375.35 Mn as of March 31, 2026. The company's cash conversion cycle improved to less than 70 days in FY26 from 116 days in FY25. Looking ahead, the company aims for volume growth of 16,000 to 18,000 metric tonnes in FY27 and targets sales of ₹20 Cr to ₹30 Cr from the transformer division.