Jyoti CNC Automation Limited passed all four ordinary resolutions at its 35th Annual General Meeting held on September 30, 2026. The meeting addressed the adoption of standalone and consolidated financial statements for FY26 and the reappointment of a retiring director.

The company’s Board of Directors reported that the scrutinizer confirmed the requisite majority for each business transacted. Voting was conducted through remote e-voting and ballot papers at the venue in Rajkot, Gujarat.

Key Resolutions Passed

The following ordinary resolutions were approved by shareholders:

1. Adoption of standalone financial statements for the financial year ended March 31, 2026, along with Board and Auditor reports.
2. Adoption of consolidated financial statements for the same period.
3. Reappointment of Parakramsinh G. Jadeja as a director retiring by rotation.
4. Ratification of remuneration for the cost auditor for FY27.

Voting Participation Details

A total of 85,949 members were entitled to vote as of the cut-off date, September 23, 2026. The voting results indicate high support across all categories, with institutional investors showing notable dissent on the director reappointment resolution.

What the Numbers Show

While the adoption of financial statements received near-unanimous support from both promoter and public shareholders, the reappointment of director Parakramsinh G. Jadeja saw a divergence in voting patterns. Institutional investors cast 3,20,83,08 votes against this specific resolution, accounting for 8.94% of their total polled votes. In contrast, public non-institutional shareholders voted almost entirely in favour, with only 591 votes against. This suggests that while the broader shareholder base supports the board's composition, a segment of institutional investors expressed reservations regarding the specific directorial appointment.

Jyoti CNC Automation Limited promoter Anilkumar Bhikhabhai Virani has created a new pledge of 10,00,000 shares in favour of Bajaj Finance Limited. The encumbrance was recorded on September 28, 2026, effectively reversing the position following a recent release of shares from Aditya Birla Capital Limited.

The disclosure was filed with the stock exchanges on September 28, 2026, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were pledged as security for a loan extended for business purposes.

Pledge Creation Details

The creation event involved 10,00,000 shares, representing 0.44% of the total share capital. Following this transaction, the number of shares remaining under encumbrance for Anilkumar Bhikhabhai Virani stands at 1,52,40,000, which constitutes 6.70% of the company's total share capital.

Prior to this pledge, the promoter had 1,42,40,000 shares encumbered, accounting for 6.26% of the share capital. His total holding in the company remains at 3,28,56,340 shares, or 14.45% of the total share capital.

Promoter Holdings Overview

The filing also detailed the holdings of other promoters and persons acting in concert (PACs). No encumbrances were reported for these entities during the period.

What the Numbers Show

The creation of this pledge restores the promoter's encumbered balance to 1,52,40,000 shares, matching the level prior to the recent release from Aditya Birla Capital Limited. Consequently, the pledged portion of his holding increases from 6.26% to 6.70% of the total share capital. The concentration of pledges remains isolated to Anilkumar Bhikhabhai Virani, as no other major promoters reported any encumbrances.