Jinkushal Industries Limited has disclosed its shareholding pattern for the period ended March 31, 2026, confirming the details of its promoter holdings to the stock exchanges. The filing, submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulation, 2011, provides transparency regarding the ownership structure of the company. The disclosure was reported to both the National Stock Exchange of India Limited and BSE Limited on April 4, 2026.

Promoter Holdings Confirmation

The promoters and members of the promoter group declared that they held a total of 28,786,238 equity shares of Jinkushal Industries as of March 31, 2026. The disclosure was made on behalf of all promoters, including Anil Kumar Jain, the Managing Director. The company confirmed that no shares held by the promoters were encumbered, directly or indirectly, during the financial year ended March 31, 2026.

Key Shareholder Details

The disclosure identified the specific individuals comprising the promoter and promoter group. The list includes Mrs. Sandhya Jain, Mr. Anil Kumar Jain, Mrs. Kamla Bai Jain, Ms. Yashasvi Jain, Ms. Tithi Jain, and Mr. Abhinav Jain. The filing explicitly stated that there was no creation, release, or invocation of encumbrance on the shares held by the promoter or any person acting in concert (PAC) during the specified period.

Regulatory Compliance

The submission was formally signed by Manish Tarachand Pande, the Company Secretary and Compliance Officer, on April 6, 2026. The document was also signed by Anil Kumar Jain, Managing Director, on April 4, 2026, in Raipur. The company, formerly known as Jinkushal Industries Private Limited, operates in the machinery, mining, and logistics sectors and is listed on both the National Stock Exchange of India Limited and BSE Limited under the trading symbol JK IPL.

Jinkushal Industries Limited reported an 88.69% increase in total income to ₹13,306.26 lakh for Q4FY26, driven by strong export performance, while Profit After Tax (PAT) declined by 68.12% to ₹95.73 lakh due to higher costs. The company, which operates as an asset-light entity specializing in the export of refurbished and customized construction equipment, held its Q4FY26 earnings call on June 12, 2026, to discuss the results. Management highlighted that the fourth quarter achieved the highest quarterly standalone and consolidated revenue in the company's history, reflecting strong execution across geographies despite global volatility.

The financial performance for the quarter was impacted by a significant rise in expenditure, which totaled ₹12,992.05 lakh compared to ₹6,509.27 lakh in Q4FY25. EBITDA fell by 42.12% to ₹314.21 lakh, and the Cost of Goods Sold increased to ₹11,735.60 lakh. Despite the top-line growth, the bottom-line pressure was evident with Earnings Per Share dropping by 75.25% to ₹0.25. On a consolidated basis, revenue from operations for Q4 FY26 stood at INR192 crores versus INR78 crores in Q4 FY25, while consolidated profit after tax for the full year was INR12.76 crores.

Strategic Outlook and Operations

Jinkushal Industries continues to focus on its core export business, which accounts for approximately 99% of its total revenue, serving over 35 countries across the Middle East, Europe, Africa, and Latin America. The company reported a 5-year revenue CAGR of 36.09% and a debt-to-equity ratio of approximately 0.50 for FY26. Management is enhancing its own brand, HexL, launched in 2024, and diversifying into electric construction machines.

The company's net worth stood at ₹19,407.85 lakh as of March 31, 2026, a substantial increase from ₹8,581.94 lakh in the previous year. Total assets reached ₹36,085.47 lakh, supported by robust trade receivables and inventories, while cash and bank balances were maintained at ₹3,307.29 lakh. During the earnings call, management guided for a revenue target of INR600 to INR700 crores over the next 2.5 to 3 years, driven by expansion in international markets and the HexL brand, which contributed approximately 5% to consolidated revenue in FY26.

Management Commentary

During the earnings call, Managing Director and CEO Abhinav Jain stated that the company is targeting a revenue of INR600 to INR700 crores over the next 2.5 to 3 years. He noted that the limiting factor for multi-fold expansion is capital availability. The HexL brand contributed 4.9% to 5% to consolidated revenue in FY26 and 7% on a standalone level. Management targets increasing this contribution to 11% to 12% in FY27 with sales of approximately 150 units. Geographically, Mexico contributed 46% of FY26 revenue, followed by UAE at 19%, and South Africa and Australia at approximately 10% each. The company maintains strategically positioned inventory in excess of INR50 crores as of March 31, 2026, to improve delivery timelines.