Jet Solar filed its annual report for FY26, reporting a significant increase in total income driven by non-operational receipts. The company scheduled its 25th Annual General Meeting (AGM) for September 30, 2026.

The filing confirms the financial performance for the year ended March 31, 2026, alongside details of corporate governance and board appointments. Remote e-voting for the AGM will be open from September 27 to September 29, 2026.

Financial Performance

Total income rose 60% year-on-year to ₹208.86 lakh in FY26, compared to ₹130.51 lakh in FY25. Despite the top-line growth, profit after tax declined 13% to ₹3.52 lakh from ₹4.04 lakh in the previous year.

Revenue from operations remained flat at ₹54.50 lakh against ₹54.41 lakh in FY25. The surge in total income was driven by a jump in other income to ₹154.36 lakh from ₹75.80 lakh, largely due to interest on corporate deposits and capital gains on assets.

What the Numbers Show

Other income accounted for approximately 74% of total income in FY26, highlighting a heavy reliance on non-operational receipts rather than core real estate activities. While core revenue stagnated, the company benefited from a ₹95.67 lakh capital gain on asset sales and ₹57.81 lakh in interest income.

Corporate Actions

Shareholders will vote on the reappointment of Mrs. Niddhi Shah as a Non-Executive Director, who retires by rotation. Additionally, a special resolution will seek approval for the reappointment of Mr. Dipesh Maru as an Independent Director for a second five-year term, effective October 1, 2026.

The company did not recommend any dividend for the year. Reserves and surplus increased to ₹889.68 lakh from ₹685.52 lakh in FY25.

Jet Solar Limited has informed the stock exchange of the resignation of Mr. Krunal Shah (ACS 20161) from the position of Company Secretary and Compliance Officer of the company. The resignation is effective from the close of business hours on May 15, 2026, and was submitted citing personal and professional reasons. The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the relevant SEBI circulars.

Resignation Details

The company filed the requisite disclosure pursuant to Regulation 30 and Part A of Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key details of the cessation are presented below:

Regulatory Compliance

The intimation was submitted to BSE Limited by Rajul Shah, Managing Director (DIN: 00227223), on behalf of Jet Solar Limited. The disclosure references SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 (Master Circular) and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The resignation letter submitted by Mr. Krunal Shah confirms that there are no material reasons for his resignation other than those stated, and he has requested the Board to accept the resignation and file the necessary forms with the Registrar of Companies, stock exchanges, and other regulatory authorities as applicable.

Jet Solar Limited, formerly known as Jet Infraventure Limited, is headquartered in Mumbai.