Jigar Polymers Limited, a wholly owned subsidiary of jigar cables , received board approval on May 21, 2026, to expand and diversify its business operations. The decision was taken during a meeting of the Board of Directors of the subsidiary company. The new initiative involves entering the manufacturing and trading sector for wooden and plywood cable drums, which are essential components for the electric wires and cable industry.

Strategic Expansion

The approved expansion is part of the group's broader strategic business growth and forward integration plans. By adding cable drum manufacturing to its portfolio, the group aims to strengthen its presence in the cable and allied industry segment. This vertical integration is expected to enhance operational efficiencies and supply chain control.

Regulatory Approvals

The implementation of this business expansion is subject to necessary approvals. The company will require the consent of its shareholders to alter the Object Clause of the Memorandum of Association of Jigar Polymers Limited. Additionally, any other regulatory approvals that may be applicable will be sought before the new business activities commence.

Company Overview

Jigar Cables Limited operates in the wires and cables sector, maintaining quality standards with certifications such as ISO 9001:2015, IS: 694, IS: 1554, and IS: 14255. The company is registered and based in Rajkot, Gujarat, and continues to explore avenues for growth and diversification through its subsidiaries.

Jigar Cables Limited has released its audited financial results for the financial year ended March 31, 2026. The Board of Directors approved the standalone and consolidated results during a meeting held on May 21, 2026. The statutory auditors issued an unmodified opinion on the financial statements.

Consolidated Financial Performance

For the financial year ended March 31, 2026, the company reported a total income from operations of ₹5,818.98 lakh. This figure includes net sales of ₹5,795.18 lakh and other income of ₹23.80 lakh. In the previous year, the total income from operations was ₹10,522.21 lakh.

The total expenses for the year amounted to ₹5,579.94 lakh. Consequently, the net profit for the period stood at ₹179.98 lakh, a slight decrease from the ₹182.18 lakh recorded in the prior year. The paid-up equity share capital as of March 31, 2026, was ₹901.20 lakh.

Standalone Results

On a standalone basis, the total income from operations for FY26 was ₹5,687.68 lakh, comprising net sales of ₹5,666.29 lakh and other income of ₹21.39 lakh. Total expenses were reported at ₹5,455.25 lakh. The standalone net profit for the year was ₹174.52 lakh, compared to ₹175.09 lakh in the previous year.

Key Financial Metrics

The following table summarizes the financial performance for the year ended March 31, 2026:

Board Appointments

In addition to the financial results, the board approved the re-appointment of several statutory officials for the financial year 2026-27. Mr. Piyush Jethva was re-appointed as the Secretarial Auditor, and Adv. Adarsh Gohel was re-appointed as the Internal Auditor. M/s. Rushabh R Shah and Co., Chartered Accountants, were re-appointed as Tax Auditors, and M/s. Sagar M. Kapadiya & Co., Cost Accountants, were re-appointed as Cost Auditors.