Jyoti Global Plast confirmed that its promoters and persons acting in concert did not create any encumbrance on their equity holdings during the financial year ended 31 March 2026. This disclosure was submitted to the National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration ensures that the shareholding structure remains free of pledged or restricted shares for the reported period.

The filing, dated 7 April 2026, was signed by Hiren Bhawanji Shah, Managing Director of Jyoti Global Plast . It detailed the shareholding of the promoter group, affirming that no direct or indirect encumbrance was made on the equity shares held by them during FY26.

The promoter group, comprising seven individuals, holds a total of 1,44,50,000 equity shares, representing 72.9062% of the company's total share or voting capital. The breakdown of individual holdings reveals that Hiren Bhawanji Shah and Bhawanji Khimji Shah are the largest shareholders among the promoters.

Shareholding Details

The declaration was submitted to the exchange and a copy was forwarded to the Audit committee of Jyoti Global Plast Limited for record-keeping purposes.

Jyoti Global Plast Limited has reported a 16.4% increase in net profit for the financial year ended March 31, 2026, driven by a 9.4% rise in revenue from operations. The company's Board of Directors approved the standalone audited financial results for the year and appointed an internal auditor for the upcoming fiscal year during a meeting held on May 22, 2026.

Financial Performance

For the year ended March 31, 2026, the company posted a net profit of ₹702.64 lakh, up from ₹603.86 lakh in the previous year. Total income stood at ₹10,357.06 lakh, compared to ₹9,379.79 lakh in FY25. The profit before tax for the period was ₹946.80 lakh, an increase from ₹804.20 lakh in the prior year. The basic and diluted earnings per equity share for the year stood at ₹3.55, compared to ₹3.90 in the previous year.

The company reported an exceptional item of ₹8.02 lakh during the year, classified as the statutory impact of new Labour Codes towards additional gratuity liability. This expense was recognized due to the revised definition of wages under the new codes notified by the Government of India.

Operational Metrics

Revenue from operations for the full year grew to ₹10,225.21 lakh from ₹9,348.49 lakh in the previous year. Total expenses for the year increased to ₹9,402.24 lakh from ₹8,575.59 lakh in FY25.

IPO Fund Utilization

The company completed its Initial Public Offering (IPO) on August 11, 2025, issuing 43.20 lakh equity shares at a premium of ₹56 per share. The total issue size was ₹28.51 crore. As of March 31, 2026, the company had utilized ₹11.77 crore of the net proceeds, while ₹13.86 crore remained unutilized and held in escrow bank accounts, current accounts, and fixed deposits.

The funds were utilized for part-financing a new manufacturing facility at Mahad, funding capital expenditure for a solar power plant, repayment of borrowings, and general corporate purposes. The statutory auditor provided an unmodified opinion on the financial results and the utilization of IPO proceeds.

Board Appointments

Based on the recommendation of the Audit Committee, the Board appointed M/s. Haresh P. Kothari as the internal auditor of the company for the financial year 2026-27.