jeet machine tools has stated that the disclosure requirements for Related Party Transactions under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are not applicable to the company for the half-year ended March 31, 2026. The company communicated this exemption to BSE Limited on May 27, 2026, citing specific thresholds related to its financial size that trigger relief from certain corporate governance norms.

The company cited Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which provides that compliance with several corporate governance provisions does not apply to listed entities with a paid-up equity share capital not exceeding ₹10 crore and a net worth not exceeding ₹25 crore as on the last day of the previous financial year. Consequently, Jeet Machine Tools is not required to submit the related party transaction disclosures mandated under regulation 23(9).

The financial metrics determining this exemption are based on the audited financial statements as on March 31, 2026. The company's paid-up equity share capital stands at ₹196 lakh, while its net worth is recorded at ₹468.15 lakh. Both figures fall below the regulatory thresholds specified for the applicability of the governance norms.

Financial Metrics for FY26

The filing was signed by Kawaljit Singh Chawla, Managing Director of Jeet Machine Tools. The submission confirms that the company will adhere to the relaxed compliance requirements applicable to smaller entities for the financial period in question.

Jeet Machine Tools Limited has returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹347.37 lakh compared to a net loss of ₹65.01 lakh in the previous year. The turnaround was primarily driven by a significant non-recurring gain of ₹402.56 lakh from the sale of an investment property during the quarter ended December 31, 2025. The board approved the audited standalone financial results for the quarter and year ended March 31, 2026 at its meeting held on May 27, 2026.

The company's total income for FY26 rose to ₹418.17 lakh from ₹12.68 lakh in the previous year. Revenue from operations for the year stood at ₹7.26 lakh, while other income surged to ₹410.91 lakh, largely due to the one-time property sale. For the quarter ended March 31, 2026, the company reported a net loss of ₹7.10 lakh, with total income at ₹9.67 lakh.

Financial Performance

The statutory auditor, M/s Agrawal Jain & Gupta, issued an audit report with an unmodified opinion on the financial results. The statement of assets and liabilities as of March 31, 2026, shows a significant improvement in the company's financial position, with total assets increasing to ₹513.99 lakh from ₹372.45 lakh in the prior year.

Cash Flow and Assets

Cash and cash equivalents improved substantially to ₹282.37 lakh as of March 31, 2026, up from ₹62.41 lakh a year earlier. The cash flow statement indicates that net cash generated from investing activities was ₹440.23 lakh, primarily driven by the proceeds from the sale of property amounting to ₹468.27 lakh. The company reported no borrowings as of the balance sheet date.