Jindal Capital has filed a Draft Letter of Offer with the Bombay Stock Exchange (BSE) for its proposed rights issue of up to ₹20 crore. The company’s Board of Directors sanctioned the proposal during a meeting held on August 27, 2026, to raise capital through fully paid-up equity shares with a face value of ₹10 each.

The issuance targets eligible equity shareholders as on the record date, which is yet to be fixed. The specific terms, including the issue price and rights entitlement ratio, will be determined by the Board or an authorized committee in due course.

Rights Issue Details

The aggregate amount proposed is not exceeding ₹20.00 crore. The funds raised are primarily intended to augment the company's capital base and meet funding requirements for increasing operational scale in its non-banking financial company (NBFC) activities. A portion of the net proceeds may also be utilized for general corporate purposes, subject to regulatory limits.

Regulatory Compliance

Sadhu Ram Aggarwal, Chairman-cum-Managing Director, signed the disclosure dated August 27, 2026. The proposal is subject to necessary statutory and regulatory approvals under the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The trading window for designated persons remains closed until 48 hours after the conclusion of the board meeting, in compliance with SEBI’s Prohibition of Insider Trading Regulations, 2015.

Promoter Participation

As of June 30, 2026, promoters and promoter group collectively hold 71.34% of the pre-issue paid-up equity share capital. They have indicated their intention to participate in the issue, including subscribing to their respective rights entitlements and potentially additional shares, while maintaining compliance with minimum public shareholding requirements.

Jindal Capital reported a net profit of ₹31.80 lakh for the first quarter of FY26, up 57% year-on-year from ₹20.21 lakh in Q1FY25. The rise in profitability was primarily driven by a surge in interest income, which climbed to ₹105.24 lakh from ₹72.56 lakh in the corresponding period last year. Total income from operations increased to ₹109.87 lakh, reflecting stronger lending activity despite a decline in fees and commission income.

The Board of Directors approved the unaudited financial results in a meeting held on August 12, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, STRG & Associates Chartered Accountants, in accordance with Standard on Review Engagements (SRE) 2410 and Regulation 33 of the SEBI Listing Regulations. The company’s management confirmed that the financial statements comply with Ind AS 34.

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its unaudited financial results for the quarter ended June 30, 2026, in the following newspapers:

• Financial Express (English daily)
• Jansatta (Hindi daily)

Financial Performance Highlights

Interest income remained the dominant revenue stream, contributing over 95% of total operating income. While fees and commission income dropped to ₹2.61 lakh from ₹4.20 lakh in Q1FY25, the overall revenue growth offset this decline. Finance costs rose to ₹33.58 lakh from ₹16.59 lakh in the previous year, indicating an expansion in funded assets or higher borrowing costs. Employee benefit expenses decreased slightly to ₹23.49 lakh from ₹33.79 lakh in Q1FY25.

What the Numbers Show

The data reveals a clear dependency on interest income for profitability, with non-interest revenue remaining marginal. While net profit grew significantly year-on-year, it declined quarter-on-quarter from ₹33.61 lakh in Q4FY25 to ₹31.80 lakh in Q1FY26. This sequential dip coincides with a drop in total income from ₹147.17 lakh to ₹109.87 lakh, suggesting seasonal variability or a normalization of loan disbursements after a strong fourth quarter. The absence of current tax expense in Q1FY26, compared to ₹16.67 lakh in Q4FY25, further impacted the bottom-line trajectory relative to the prior quarter.

Board Appointments and Committee Reconstitution

In addition to approving the financial results, the Board appointed Mr. Nischal Mittal as an Additional Director (Non-Executive, Independent) with effect from August 12, 2026. His appointment is subject to shareholder approval at the ensuing General Meeting. Mr. Mittal, a Chartered Accountant with over a decade of experience in investment banking and financial consulting, brings expertise from his tenure at PwC and his role as a Resolution Professional under the Insolvency and Bankruptcy Code.

The Board also reconstituted its key committees. Mr. Mittal has been added to the Audit Committee, Nomination & Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee. Baij Nath Gupta continues to chair the Audit and Stakeholders Relationship Committees, while Sham Lal Singal chairs the Nomination & Remuneration Committee. Sadhu Ram Aggarwal, Chairman-cum-Managing Director, chairs the Risk Management Committee.