Jiya Eco-Products Limited has filed its Annual Report for the financial year 2024-25, providing stakeholders with comprehensive details about the company's current status under Corporate Insolvency Resolution Process (CIRP) and plans for corporate governance restructuring.

14th Annual General Meeting Scheduled

The company has announced its 14th Annual General Meeting to be held on Monday, December 15, 2025, at 11:00 A.M. The meeting will take place at Univastu India Limited, Bungalow No 36/B, Madhav Baug, Shivtirth Nagar, Kothrud, Pune-411038, Maharashtra, India.

Key Agenda Items

The AGM will address ten significant resolutions, including both ordinary and special business items:

Ordinary Business:

• Adoption of Audited Standalone Financial Statements for FY25
• Adoption of Audited Consolidated Financial Statements for FY25
• Re-appointment of Mrs. Rajashri Pradeep Khandagale (DIN: 02545231) as Director
• Appointment of M/s D R B S V and Associates, Chartered Accountants (FRN: 122260W) as Statutory Auditors

Special Business:

• Appointment of CS Satish Kolhe as Secretarial Auditor for five consecutive years (April 1, 2024 to March 31, 2029)
• Appointment of Mr. Pradeep Khandagale (DIN: 01124220) as Whole-Time Director and Key Managerial Personnel
• Appointment of three Independent Directors for five-year terms
• Alteration of Memorandum of Association regarding share capital consolidation

Corporate Insolvency Resolution Process Update

Jiya Eco-Products Limited has been operating under CIRP since April 24, 2023, following an application filed by financial creditor Raj Radhe Finance Limited. The company's operations were temporarily suspended on May 19, 2021, due to critical liquidity issues.

A significant development occurred when the Hon'ble National Company Law Tribunal (NCLT), Ahmedabad, approved the resolution plan submitted by Mr. Pradeep Khandagale on December 11, 2024. This approval marked a crucial step toward the company's potential revival and restructuring.

Board Reconstitution and Leadership Changes

Following the NCLT order, substantial changes have been implemented in the company's leadership structure:

The reconstituted board brings diverse expertise spanning financial accounting, business management, taxation, and infrastructure development.

Financial Performance and Capital Structure

For the financial year 2024-25, the company reported:

• Total Income: ₹2.66 lakh (Previous Year: Nil)
• Loss Before Tax: ₹104.05 lakh (Previous Year: ₹114.82 lakh)
• Loss After Tax: ₹104.05 lakh (Previous Year: ₹114.82 lakh)

The company's authorized share capital stands at ₹32,00,00,000 comprising 3,20,00,000 equity shares of ₹10 each. A significant proposal involves consolidating these shares into 32,00,000 equity shares of ₹100 each, requiring shareholder approval.

Auditor Appointments and Compliance

The company has proposed appointing M/s D R B S V and Associates, Chartered Accountants, Pune, as statutory auditors for a five-year term from the 14th AGM until the 19th AGM in 2030-31. Additionally, CS Satish Kolhe has been proposed as Secretarial Auditor for five consecutive years.

E-Voting and Shareholder Participation

Shareholders can participate in remote e-voting from December 12, 2025, at 9:00 A.M. to December 14, 2025, at 5:00 P.M. The company has partnered with Bigshare Services Pvt. Ltd. to facilitate electronic voting through their i-Vote platform.

The company's journey through CIRP represents a critical phase in its corporate restructuring, with the approved resolution plan and reconstituted board positioning it for potential operational revival and compliance restoration.

Jiya Eco-Products Limited has announced key leadership appointments and organizational changes following its board meeting held on March 31, 2026. The decisions were made at the company's registered office location in Pune, Maharashtra, with the meeting conducted from 2:30 P.M. to 3:15 P.M.

Key Leadership Appointments

The board of directors, acting on recommendations from the Nomination and Remuneration Committee, approved three significant organizational changes effective March 31, 2026.

New Chief Financial Officer Profile

Mr. Swapnil Mhaske brings substantial international experience to his new role as CFO. He holds an MBA degree in Finance & Macro Economics from San Diego State University (SDSU), California, USA. His professional background includes significant industry exposure with prior experience at reputed global technology companies including Qualcomm Inc. and Motorola. The company highlighted his combination of global education, industry expertise, and sustained leadership as key qualifications for aligning business development strategies with market opportunities, risk management, and strategic leadership.

Company Secretary Appointment Details

Ms. Mayura Tagare has been appointed as Company Secretary and Compliance Officer under Section 203 of the Companies Act, 2013, and Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. She is an Associate Member of the Institute of Company Secretaries of India with membership number A70538.

Board Re-designation

Mr. Nilesh Mahesh Tiwari (DIN: 10488420), who previously served as a Non-Executive Director, has been re-designated as Chairman of the Board. This change also took effect from March 31, 2026, following the Nomination and Remuneration Committee's recommendation.

Regulatory Compliance

The appointments and re-designation comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Both new appointees confirmed no relationships with existing directors, promoters, or promoter groups of the company.