Siddeshwari Tradex Private Limited, along with 42 other entities, has declared that no encumbrance was created on the equity shares of JITF Infralogistics Limited during the financial year ended March 31, 2026. The disclosure confirms that no direct or indirect charges were placed on the shares other than those previously disclosed. This filing ensures transparency regarding the holding status of significant shareholders.

The declaration was submitted to BSE Limited and National Stock Exchange of India Ltd. in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires promoters and substantial shareholders to disclose any encumbrance on their holdings. The filing was signed by Ritika Mishra, Company Secretary of Siddeshwari Tradex Private Limited, on April 9, 2026.

The list of declarants includes key individuals and entities associated with the Jindal Group, such as Naveen Jindal, Sajjan Jindal, and Savitri Devi Jindal. Other entities like Divino Multiventures Private Limited, Estrela Investment Company Limited, and Nalwa Sons Investments Limited also submitted the declaration. The confirmation covers all equity shares held by these parties in JITF Infralogistics Limited.

The filing was addressed to the Corporate Relationship Department of BSE Limited and the takeover department of the National Stock Exchange of India Ltd. A copy of the declaration was also forwarded to the Company Secretary and the Audit Committee of JITF Infralogistics Limited.

JITF Infralogistics has released its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results in a meeting held on May 12, 2026. On a consolidated basis, the company reported a net loss of ₹993.47 lakh for the fiscal year, compared to a net profit of ₹14,477.92 lakh in the previous year. The reversal was primarily driven by exceptional items amounting to ₹4,592.17 lakh related to share-based payment expenses, and the absence of income from discontinued operations, which had contributed a net profit of ₹16,920.91 lakh in the prior year.

Standalone Financial Performance

On a standalone basis, the company reported a profit of ₹6.20 lakh for the quarter ended March 31, 2026, compared to ₹10.24 lakh in the corresponding quarter of the previous year. For the full year, standalone profit stood at ₹22.51 lakh, down from ₹28.47 lakh in the prior year. Total income for the year declined to ₹353.43 lakh from ₹369.82 lakh previously. The company's standalone net worth stood at ₹32,078.40 lakh as at March 31, 2026, with paid-up equity share capital of ₹514.07 lakh.

Consolidated Financial Performance

The consolidated financials reflect a net loss of ₹993.47 lakh for the year, a sharp reversal from the net profit of ₹14,477.92 lakh recorded in the prior year. For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹783.80 lakh, compared to a net loss of ₹6 lakh in the same quarter of the previous year. Consolidated revenue for the quarter rose to ₹8.98 billion from ₹7.90 billion in the year-ago period, with total income for the quarter at ₹91,342.84 lakh compared to ₹80,093.76 lakh previously. Revenue from operations for the full year increased to ₹2,80,802.29 lakh from ₹2,26,481.04 lakh, reflecting healthy top-line growth. However, total expenses rose to ₹2,75,339.98 lakh from ₹2,29,129.84 lakh. Exceptional items of ₹4,592.17 lakh, pertaining to ESOP-related share-based payment expenses at subsidiary JWIL Infra Limited, weighed on the bottom line.

Segment-Wise Performance

The group operates across three primary segments: Water Infrastructure, Urban Infrastructure, and Trading Activities. Water Infrastructure remained the largest contributor, with segment revenue of ₹2,23,237.27 lakh for the year, up from ₹1,84,277.26 lakh in the prior year. Urban Infrastructure revenue grew to ₹44,781.76 lakh from ₹35,363.94 lakh. Trading Activities contributed ₹12,783.26 lakh. Total segment assets stood at ₹5,03,295.84 lakh as at March 31, 2026, compared to ₹4,23,473.63 lakh previously.

Consolidated Balance Sheet Highlights

Consolidated total assets grew to ₹5,03,295.83 lakh as at March 31, 2026, from ₹4,23,473.63 lakh in the prior year. Non-current borrowings stood at ₹3,35,952.75 lakh, while current borrowings were ₹58,595.10 lakh. Cash and cash equivalents from continuing operations increased to ₹20,042.23 lakh from ₹13,385.42 lakh. Trade receivables (current) rose significantly to ₹1,27,107.48 lakh from ₹83,748.37 lakh.

Key Corporate Developments

During the year, JWIL Infra Limited, a material subsidiary, granted 37,85,000 stock options under the "JWIL ESOP Scheme 2025" to eligible employees, with share-based payment expense of ₹4,592.17 lakh disclosed as an exceptional item. Upon exercise of all options, the shareholding of JITF Urban Infrastructure Services Limited in JWIL will be diluted from 54.60% to 50.01%, though JWIL will continue to remain a subsidiary of the company. The Rail Freight Wagons segment was disinvested to Texmaco Rail & Engineering Limited, and the group now operates three primary segments. The auditors, M/s Lodha & Co LLP, issued an unmodified opinion on both the standalone and consolidated financial results.