Jay Jalaram Technologies Limited reported a 64% increase in consolidated net profit to ₹1,028.37 lakh for the financial year ended March 31, 2026, compared to ₹625.41 lakh in the previous year. Revenue from operations rose to ₹85,182.25 lakh from ₹66,746.45 lakh in FY25. The board of directors approved the audited standalone and consolidated financial results on May 21, 2026. The company operates in a single segment, Electronic Gadgets.

Financial Performance

The standalone net profit for the year increased to ₹876.75 lakh from ₹676.08 lakh in the previous year, while standalone revenue from operations grew to ₹85,179.66 lakh from ₹66,768.46 lakh. Total expenses for the consolidated entity stood at ₹84,156.70 lakh, up from ₹65,995.43 lakh in the corresponding period last year. The basic earnings per share (EPS) for the consolidated entity improved to ₹8.59 from ₹5.34.

Strategic Acquisitions

The board approved the acquisition of the remaining 4,900 equity shares, representing 49%, of its subsidiary Techgrind Solutions Private Limited for a total purchase consideration of ₹0.49 lakh. The Share Purchase Agreement was executed on May 25, 2026, with sellers Mr. Vipul Thakkar, Mr. Dharmendra Babubhai Patel, and Mr. Mukeshkumar Navnitray Bhatt. The transaction was undertaken at arm's length, and the total consideration was paid in full through banking channels. Post-acquisition, Techgrind Solutions Private Limited has become a wholly-owned subsidiary of the company.

Capital Allocation and Fund Utilization

The company fully utilized the proceeds of ₹7.48 crore raised through the preferential issue of 2,50,000 equity shares at ₹399 each for business growth, expansion, and working capital requirements as of March 31, 2026. Additionally, the board approved the purchase of four commercial shops and one residential flat in Mumbai for an aggregate amount not exceeding ₹2,00,00,000 and the reconstitution of key committees, including the Audit Committee and Nomination and Remuneration Committee, effective from April 27, 2026.

Jay Jalaram Technologies Limited has successfully completed its postal ballot process, with all five special resolutions contained in the Postal Ballot Notice dated March 31, 2026 passed with the requisite majority through remote e-voting. The voting concluded on May 07, 2026, and the scrutinizer's report was issued on May 08, 2026 by Hitarth S. Shah (ACS: 50728, COP: 23616), Proprietor of M/s. Hitarth S Shah & Associates, Practicing Company Secretary, Ahmedabad. The results were submitted to the National Stock Exchange of India Limited in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Overview

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013 and the applicable rules. The Postal Ballot Notice was dispatched in electronic form to all eligible members on April 06, 2026, based on the register of members as on the cut-off date of April 03, 2026. Remote e-voting was facilitated through the Central Depository Services (India) Limited (CDSL) platform, open from 09:00 a.m. (IST) on April 08, 2026 to 05:00 p.m. (IST) on May 07, 2026. A total of 1,232 shareholders were on record as on the record date, and 31 shareholders (Promoters and Public Non-Institutional Shareholders) participated through the CDSL remote e-voting platform.

Resolutions 1 to 4: Appointment of Independent Directors

Four of the five special resolutions pertained to the appointment of Non-Executive Independent Directors for a term of 5 (five) consecutive years each. The promoter and promoter group were not interested in these resolutions. The voting results for Resolutions 1 through 4 were identical, with 99.92% of valid votes cast in favour and 0.08% against. The following table summarises the directors appointed and the overall voting outcome for each resolution.

For each of these four resolutions, the total votes polled stood at 7,603,497 out of 12,125,000 shares, representing 62.7093% of outstanding shares. Votes in favour totalled 7,597,497, while 6,000 votes were cast against. The promoter and promoter group cast 7,394,497 votes entirely in favour, representing 88.1320% of outstanding shares, while public non-institutional shareholders polled 209,000 votes, of which 203,000 were in favour and 6,000 were against. No invalid votes were recorded for any of these resolutions.

Resolution 5: Migration to NSE Main Board

The fifth special resolution sought approval for the migration of the listing and trading of the company's equity shares from the Emerge platform of the National Stock Exchange of India Limited to the Main Board of the National Stock Exchange of India Limited. In accordance with Regulation 277 under Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, no votes were cast by the Promoters and Promoters' Group on this resolution.

All 209,000 votes polled on Resolution 5 were cast by 27 Public Non-Institutional shareholders entirely in favour, representing 100% of valid votes cast. The scrutinizer confirmed that all conditions specified under Regulation 277 of Chapter IX of the SEBI (ICDR) Regulations, 2018 were duly complied with, and that the votes cast by shareholders other than the Promoters in favour of the proposal were at least two times the votes cast against the proposal by such shareholders.

Scrutinizer's Confirmation and Compliance

The scrutinizer, Hitarth S. Shah, confirmed that all five special resolutions as set out in the Postal Ballot Notice dated March 31, 2026 have been passed with requisite majority. The report was countersigned by Mukesh Prajapat, Company Secretary and Compliance Officer, duly authorised by the Chairman of the Board. The voting results and scrutinizer's report have been submitted to the National Stock Exchange of India Limited in compliance with the applicable provisions of the SEBI Listing Regulations and the Companies Act, 2013.