Jindal Worldwide held its 40th Annual General Meeting on September 1, 2026, where shareholders approved key resolutions including an increase in authorized share capital.

The meeting, conducted via Video Conferencing/Other Audio Visual Means, commenced at 3:00 pm and concluded at 3:38 pm. Chairman Yamunadutt Amilal Agrawal presided over the proceedings, highlighting the company's business performance for FY26 and current conditions in the textile industry.

Resolutions Approved

Members voted to adopt the financial statements for the year ended March 31, 2026, along with the Board’s Report and Auditors’ Report. The reappointment of Vikram Pushpak Oza as a Non-Executive Non-Independent Director was also approved under ordinary business resolutions.

Under special business, shareholders ratified the remuneration of Cost Auditors for FY27. Crucially, the assembly approved the reappointment of Amit Yamunadutt Agarwal as Managing Director and passed a resolution to increase the company’s authorized share capital, necessitating alterations to the Memorandum of Association.

Governance and Compliance

The Company Secretary confirmed that the AGM adhered to the Companies Act, 2013, and relevant Secretarial Standards. Remote e-voting was available from August 29, 2026, to August 31, 2026, with additional voting facilities provided post-meeting via the CDSL portal.

Statutory Auditors R. Choudhary & Associates and Secretarial Auditor SPANJ & Associates were present to address queries. The voting results will be separately intimated to stock exchanges and uploaded on the company’s website.

Jindal Worldwide 's electric vehicle subsidiary, Jindal Mobilitric Private Limited, announced on August 31, 2026, its plan to expand its retail network to approximately 100 showrooms across India by the end of FY28.

The expansion aims to strengthen last-mile customer experience and accelerate EV adoption nationwide. The phased rollout includes a target of around 40 showrooms by the end of FY27, with the remaining units to be commissioned progressively through FY28. This calibrated approach is designed to ensure consistent quality of customer experience, robust after-sales support, and disciplined capital allocation as the network scales.

Current operational status

Jindal Mobilitric has already commenced commercial operations, with its manufacturing facility in Ahmedabad fully operational. The company has opened its first two showrooms at Srinagar and Jaipur, marking the on-ground beginning of its pan-India retail expansion. Early customer footfalls and conversions at these locations have been reported as highly encouraging.

In parallel, the company has appointed 52 dealers across the country, building a distribution network intended to support the planned showroom expansion and ensure deeper market penetration across urban and semi-urban geographies.

Showroom expansion roadmap

The following table summarises the subsidiary's showroom targets and current status:

The expansion plan positions Jindal Mobilitric to significantly grow its physical retail footprint within a two-year window, moving from the FY27 target of ~40 showrooms to a total of ~100 by FY28.

Management commentary

Amit Agarwal, Director at Jindal Mobilitric, stated that the response to their products from customers has been fantastic, reaffirming their belief that the brand resonates with Indian riders. With production already rolled out and the first showrooms open, the company is focused on scaling its retail and dealer network at pace.

Agarwal described reaching 100 showrooms by FY28 as an ambitious goal but one they are fully committed to. He viewed the next two years as a defining growth phase for the company, expressing confidence in delivering strong, sustained results for shareholders while building one of India's most trusted electric mobility brands.