JMD Ventures has adopted its FY26 director’s report and fixed September 26, 2026, as the date for its 42nd Annual General Meeting (AGM). The Board also approved an increase in authorized share capital to ₹60.00 crore.

The meeting, held on September 1, 2026, at the company’s registered office in Mumbai, commenced at 11:00 am and concluded at 11:40 am. In addition to the financials, the Board approved the Secretarial Audit Report for FY26 issued by M/s. Sanjay Kumar Vyas.

Key Approvals

The Board transacted several key corporate actions under Regulation 30 of the SEBI (LODR) Regulations, 2015:

• Adopted the Director’s Report for the fiscal year ended March 31, 2026, along with all annexures.
• Recommended the re-appointment of Managing Director Kailash Prasad Purohit (DIN: 01319534), who retires by rotation and is eligible for re-election at the ensuing AGM in terms of Section 152(6) of the Companies Act, 2013.
• Approved the increase in authorized share capital to ₹60.00 crore, subject to member approval at the AGM. This includes consequential amendments to the Memorandum of Association.
• Fixed the book closure period for the 42nd AGM.
• Appointed M/s. Sanjay Kumar Vyas (C.P. No. 21598 & ACS No. 55689) as the scrutinizer for monitoring e-voting and voting at the AGM through Other Audio Visual Means (OAVM).

AGM Details

The 42nd AGM is scheduled to be held on Saturday, September 26, 2026, at 11:15 am via Video Conferencing (VC) or OAVM. The Notice of the AGM was also approved during the board meeting.

Kailash Prasad Purohit signed the intimation on behalf of the company. The registered office is located in Andheri West, Mumbai.

JMD Ventures reported a 76.5% decline in net profit to ₹31.17 crore for the financial year ended March 31, 2026, down from ₹132.87 crore in the previous year. Revenue from operations fell to ₹46.61 crore from ₹161.55 crore in FY25. The company’s total income for the year stood at ₹132.10 crore, a sharp decrease from ₹292.34 crore in the prior year.

The Board of Directors took the audited financial results on record during a meeting held on May 26, 2026. The filing was made in compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015. Statutory auditors M/s. Rajesh Kumar Gokulchand & Associates issued an audit report with an unmodified opinion on the standalone financial statements.

Financial Performance

The company’s expenses for the year totaled ₹69.32 crore, lower than the ₹135.40 crore reported in FY25. Profit before tax for the year was ₹62.78 crore, compared to ₹174.35 crore in the previous year. For the quarter ended March 31, 2026, the company reported a net loss of ₹9.78 crore, contrasting with a profit of ₹30.68 crore in the same quarter of the previous year.

Key Financial Metrics (₹ in Lakhs)

Auditor’s Observations

The statutory auditors included an emphasis of matter paragraph in their report regarding the valuation of certain assets. The company holds investments and inventories in small-cap illiquid stocks where trading is either thin or suspended by stock exchanges. These shares have been valued at the last traded price on the BSE/CSE without any provision for potential losses.

Additionally, the valuation of unquoted investments is subject to assessment by an independent valuer. The management stated that the process of carrying out a fair valuation from a registered valuer is underway, and these investments are currently shown at cost. The auditors also noted that the company holds closing stock worth ₹239.98 lakh of audio video rights and CDs for which fair value has not been provided by the management.