JMD Ventures has scheduled its 42nd Annual General Meeting (AGM) for September 26, 2026, at 11:15 am via Video Conferencing or Other Audio Visual Means (OAVM). The company also released its audited financial results for FY26, reporting a significant decline in revenue and profit compared to the previous year.

The book closure period for the AGM is fixed from September 20, 2026, to September 26, 2026. Shareholders holding shares on record during this period will be eligible to vote. The remote e-voting period commences on September 23, 2026, at 9:00 am and ends on September 25, 2026, at 5:00 pm.

Financial Performance

Total revenue for FY26 stood at ₹132.10 lakh, a sharp decline from ₹292.34 lakh in FY25. Profit after tax and extraordinary items fell to ₹31.17 lakh from ₹132.87 lakh in the prior year.

Revenue from the Entertainment Segment was ₹46.61 lakh, down from ₹48.84 lakh. The Finance & Investment Segment contributed ₹85.49 lakh, significantly lower than ₹243.50 lakh in FY25. The directors do not propose any dividend for the year to conserve resources.

Corporate Actions

The Board of Directors, in its meeting held on September 1, 2026, approved an increase in authorized share capital from ₹30 crore to ₹60 crore. This requires member approval at the AGM. The board also recommended the re-appointment of Managing Director Kailash Prasad Purohit, who retires by rotation.

What the Numbers Show

The substantial drop in total revenue is primarily driven by the Finance & Investment Segment, which saw its contribution fall by nearly 65%. While operational expenses decreased from ₹135.40 lakh to ₹69.32 lakh, helping maintain profitability, the overall earnings capacity has contracted significantly year-on-year.

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.