Jet Knitwears reports FY26 net profit of ₹5.55 lakh

Jet Knitwears Limited reported a net profit of ₹5.55 lakh for the financial year ended March 31, 2026, compared to ₹34.68 lakh in the previous year. The Board approved the standalone audited financial results for the year and half-year ended March 31, 2026, during a meeting held on May 30, 2026. Revenue from operations for FY26 stood at ₹2335.14 lakh, a decrease from ₹2817.47 lakh in FY25.

Financial Performance

The company's total income for FY26 was ₹2338.72 lakh, down from ₹2817.90 lakh in the prior year. Total expenses for the period were ₹2330.34 lakh, compared to ₹2762.75 lakh in FY25. The profit before tax for the year was ₹8.38 lakh, significantly lower than the ₹55.15 lakh recorded in the previous year. Basic earnings per share (EPS) for FY26 were reported at ₹0.13, down from ₹0.79 in FY25.

Metric	FY26 (₹ Lacs)	FY25 (₹ Lacs)
Revenue from Operations	2335.14	2817.47
Total Income	2338.72	2817.90
Total Expenses	2330.34	2762.75
Net Profit	5.55	34.68
Basic EPS (₹)	0.13	0.79

Key Appointments

The Board approved the appointment of Ms. Sukhleen Kaur as Whole Time Company Secretary and Compliance Officer, designated as Key Managerial Personnel, effective May 30, 2026. She is an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A80345. The appointment was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Director Reappointment

The Board took note of the new term of office for Mr. Rakesh Kumar Narula as Whole Time Director. His tenure has been extended for a successive term of three years, effective from May 14, 2026, until May 14, 2029, or until he attains the age of 70 years, whichever occurs earlier. This reappointment was approved by shareholders at the Annual General Meeting held on September 29, 2025.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	-18.87%	+255.38%

Jet Knitwears Ltd has formally notified the National Stock Exchange of India that the disclosure requirements for related party transactions are not applicable to the company. This exemption arises because the entity is listed on the NSE EMERGE platform, which classifies it as an SME-listed entity. The declaration was submitted to the exchange on May 30, 2026, clarifying the company's regulatory standing regarding corporate governance norms.

The company referenced Regulation 15(2) of the SEBI (LODR) Regulations, 2015, which specifies that compliance with several corporate governance provisions does not apply to entities listed on an SME Exchange. These provisions include regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, and 27, along with specific clauses of regulation 46(2) and paragraphs of Schedule V of the Listing Regulations. Specifically, the company stated that Regulation 23, which pertains to related party transactions, and the associated disclosure formats are not applicable to Jet Knitwears .

Filing Constraints and Exchange Guidance

In its communication, the company highlighted a procedural constraint regarding the integrated filing utility used for regulatory submissions. The utility reportedly does not offer an option to select "Not Applicable" within the Related Party Transactions section. To address this, the company stated it followed guidance received from the NSE and selected "No" in the relevant fields of the utility to accurately reflect the non-applicability of the regulation.

The submission was signed by Balram Kumar Narula, Director of Jet Knitwears Ltd. The company requested that the exchange place this declaration on its records to confirm its compliance status regarding the specific LODR regulations.