Jayatma Industries Limited held its 42nd Annual General Meeting on September 24, 2026, from 11:30 am to 11:38 am via Video Conferencing and Other Audio-Visual Means, with the scrutinizer's report confirming all three resolutions passed with 100% votes in favour.

Resolutions passed

Shareholders approved three ordinary resolutions during the virtual session. The record date for voting was September 17, 2026, with a total of 3,383 shareholders on record. Remote e-voting was open from September 21 to September 23, 2026, and members were also permitted to vote during the meeting and up to 15 minutes after its conclusion.

• Adoption of the audited standalone financial statements, including the balance sheet, profit and loss statement, and cash flow statement for FY26.
• Re-appointment of Toshi Mehta (DIN: 08438628), who retired by rotation and offered herself for re-appointment.
• Re-appointment of M/s GMCA & Co., Chartered Accountants, Ahmedabad (Firm Registration No. 109850W), as statutory auditors, with authority granted to the Board to fix their remuneration.

Voting results summary

Chintan K. Patel, Practicing Company Secretary (Membership No. A31987, COP No. 11959), served as the scrutinizer for the AGM voting process. The company availed the e-voting facility offered by Central Depository Services (India) Limited (CDSL). All three resolutions recorded identical voting outcomes, as detailed below.

All votes were cast via e-voting prior to the AGM. No votes were cast via e-voting at the AGM, and no invalid votes were recorded across any category for any of the three resolutions.

Meeting proceedings and attendance

Nirav Kalyanbhai Shah, CEO and Director (DIN: 00397336), presided as Chairman of the meeting after ascertaining that the requisite quorum was present. The following directors and key managerial personnel participated as panelists.

Shivam Soni, Partner of M/s GMCA & Co., also attended. The company confirmed that there were no qualifications in the auditors' report for the period under review. Queries from shareholders regarding financial statements were addressed via email prior to the meeting. Chintan K. Patel issued the scrutinizer's report to the company on September 24, 2026, with the consolidated voting results submitted within 48 hours of the meeting's conclusion.

Jayatma Industries reported a net loss of ₹103.13 lakh for FY26, an improvement from the ₹190.47 lakh loss recorded in the previous year. The company’s total revenue declined by approximately 7% to ₹2,735.33 lakh from ₹2,933.24 lakh in FY25.

The financial results were disclosed in the annual report filed with BSE Limited on August 31, 2026. The company also issued its formal notice for the 42nd Annual General Meeting (AGM), confirming the schedule and e-voting procedures.

Financial Performance

Operating profitability showed signs of recovery despite the revenue contraction. EBITDA (profit before finance cost, depreciation, and tax) rose sharply to ₹58.87 lakh in FY26, compared to just ₹0.99 lakh in FY25. This improvement was driven by a significant reduction in total expenditure, which fell to ₹2,676.46 lakh from ₹2,932.25 lakh in the prior year.

However, finance costs remained a drag on the bottom line, standing at ₹67.29 lakh in FY26, down from ₹87.72 lakh in FY25. Depreciation expenses increased slightly to ₹103.35 lakh from ₹98.38 lakh. Consequently, the loss before tax narrowed to ₹111.77 lakh from ₹185.11 lakh.

Balance Sheet and Capital Structure

As of March 31, 2026, the company’s total assets stood at ₹3,536.08 lakh, up from ₹3,121.25 lakh in the previous year. Current assets increased significantly to ₹2,814.45 lakh, driven largely by a rise in trade receivables to ₹992.36 lakh from ₹400.41 lakh. Inventories decreased to ₹1,331.17 lakh from ₹1,449.54 lakh.

Total borrowings amounted to ₹2,108.40 lakh, comprising ₹1,265.53 lakh in non-current liabilities and ₹842.87 lakh in current liabilities. Equity stood at ₹937.45 lakh, reflecting the accumulated losses carried forward.

AGM and Corporate Governance

The 42nd AGM will be held via Video Conferencing or Other Audio Visual Means on September 24, 2026, at 11:30 am. Key agenda items include:

• Adoption of audited standalone financial statements for FY26.
• Reappointment of Ms. Toshi Mehta as a Director, retiring by rotation.
• Reappointment of M/s GMCA & Co. as Statutory Auditors for five years commencing FY27.

Pursuant to Section 91 of the Companies Act, 2013 and Regulation 42 of SEBI LODR Regulations, the register of members and share transfer books will remain closed from September 18, 2026, to September 24, 2026 (both days inclusive).

Remote e-voting will be facilitated by CDSL. The cut-off date for eligibility is September 17, 2026. The e-voting window opens at 9:00 am on Monday, September 21, 2026, and closes at 5:00 pm on Wednesday, September 23, 2026. Shareholders holding securities as of the cut-off date are eligible to vote.

Business Updates

The company noted no change in the nature of its business but added technical textiles to its portfolio. No dividend was recommended due to the loss incurred during the year. The paid-up capital remained unchanged at ₹6.15 crore.