Jindal Poly Investment and Finance Company Limited held its 14th Annual General Meeting on September 21, 2026, to approve key board appointments and adopt financial statements for FY26.

The meeting, conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI guidelines, saw shareholders approve the reappointment of Mr. Ghanshyam Dass Singal as Managing Director. Members also appointed Ms. Geeta Gilotra as a director and reappointed Mr. Prakash Matai, who retired by rotation.

Key Board Appointments

The special resolutions passed during the AGM included:

• Reappointment of Managing Director: Mr. Ghanshyam Dass Singal was reappointed as Managing Director.
• New Director Appointment: Ms. Geeta Gilotra was appointed as a director.
• Rotation Reappointment: Mr. Prakash Matai was reappointed as a director after retiring by rotation.

Meeting Proceedings

Mr. Suresh Chander Sharma, Chairman and Independent Director, chaired the meeting. The statutory auditor, M/s Suresh Kumar Mittal & Co., and secretarial auditor, M/s Ashu Gupta & Co., confirmed that their reports contained no qualifications or adverse observations regarding the company’s financial transactions.

Remote e-voting was facilitated through KFin Technologies Limited from September 18 to September 20, 2026. An InstaPoll mechanism allowed members who had not voted remotely to cast their votes electronically during the meeting. The e-voting facility remained open for 15 minutes after the conclusion of the proceedings.

Directors Present

The following directors and key managerial personnel attended the meeting:

Jindal Poly Inv. & Fin. reported a standalone net profit of ₹8,854.3 crore for the financial year ended March 31, 2026, a sharp increase from ₹556.4 crore in the previous year. The surge was primarily driven by significant fair value gains on equity investments.

The core investment company posted total income of ₹10,365.7 crore, up from ₹316.9 crore in FY25. While operational expenses remained stable at ₹179.3 crore, the profit before tax stood at ₹10,347.8 crore. Tax expenses increased to ₹1,493.5 crore from a tax benefit of ₹258.2 crore in the prior year.

Financial Performance

The company's earnings per share (EPS) rose to ₹842.31 from ₹52.93 in FY25. Consolidated net profit was recorded at ₹8,575.1 crore, compared to ₹2,958.4 crore in the preceding year. The consolidated results reflect a share of loss of ₹279.1 crore from associates, contrasting with a share of profit of ₹2,402.0 crore in FY25.

What the Numbers Show

Fair value gains accounted for the vast majority of the company's income. Net gain on fair value changes totaled ₹10,251.7 crore, compared to ₹310.2 crore in FY25. This non-operational driver highlights the company's reliance on investment valuation movements rather than recurring revenue streams, which remained minimal at ₹21.9 crore from interest and ₹36.0 crore from service sales.

Key Developments

• The Board did not recommend any dividend for FY26.
• Jindal India Powertech Limited became an associate company following a scheme of arrangement involving the demerger of its power business division.
• The company received a show cause notice from SEBI dated April 27, 2026, regarding certain transactions and disclosures. No penalty has been imposed as of the report date.
• Ms. Geeta Gilotra was appointed as an additional non-executive director, and Mr. Ghanshyam Dass Singal was re-appointed as Managing Director for five years.