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.

Jayatma Industries has recommended the re-appointment of M/S GMCA & Co., Chartered Accountants (Firm Registration No. 109850W), as its Statutory Auditors for a second consecutive term of five years. The Board of Directors approved the recommendation on August 11, 2026, stating that the appointment is necessary to fulfill requirements under Section 139 of the Companies Act, 2013 read with relevant rules. The proposed tenure commences from the conclusion of the ensuing Annual General Meeting for the Financial Year 2026–27 and extends until the conclusion of the Annual General Meeting to be held in 2031, subject to shareholder approval.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as per SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015. Nirav Kalyanbhai Shah, CEO & Director of Jayatma Industries, signed the communication to BSE Limited. The firm’s re-appointment ensures continuity in financial oversight for the listed entity.

Auditor Profile

M/S GMCA & Co. was established in 1973 under the guidance of Senior Partner G. M. Shaikh. The firm possesses over 50 years of experience in auditing, taxation, and advisory services. It serves clients across diverse industries and maintains exposure as a Statutory Auditor for listed companies on both the BSE Main Board and SME Board.

The firm’s work exposure includes accounting and closure of books in SAP, preparation of financial statements, consolidation and reporting under IndAS, and management information systems (MIS). It also handles direct and indirect taxation matters. The firm is currently peer-reviewed and conversant with yearly results publication according to listing requirements.

Regulatory Context

The re-appointment process adheres to Para A of Part A of Schedule III read with Regulation 30 of the SEBI LODR Regulations. The Board’s decision aims to maintain regulatory compliance while leveraging the auditor’s long-standing familiarity with the company’s financial structures. Shareholders will vote on this resolution during the forthcoming Annual General Meeting.

What the Numbers Show

The selection of M/S GMCA & Co. for a second five-year term highlights Jayatma Industries’ preference for stability in its external audit function. With over five decades of operational history, the auditor brings established expertise in IndAS implementation and SEBI compliance, which are critical for listed entities navigating complex regulatory environments. This continuity may reduce transition risks associated with changing auditors mid-cycle.