Jyoti Structures Limited appointed Mr. Deepak Dinkar Salunke as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective October 15, 2026. The board also accepted the relinquishment of the CFO role by Mr. Abdul Hameed Khan, who continues as Whole-time Director.

The changes were approved during a board meeting held on October 15, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Khan’s term as Whole-time Director has been extended up to June 30, 2028, subject to shareholder approval.

Leadership transition details

Mr. Deepak Dinkar Salunke brings approximately 36 years of experience with the company to the CFO role. He holds a Bachelor of Commerce degree from Pune University and has extensive expertise in finance, accounts, commercial operations, procurement, and logistics. His appointment is for a term up to June 30, 2029.

Mr. Abdul Hameed Khan relinquished his position as CFO to devote full attention to his responsibilities as Whole-time Director. In his resignation letter dated October 15, 2026, he stated that he remains committed to contributing to the company's growth and strategic objectives in his current capacity. The board accepted this resignation effective from the close of business hours on October 15, 2026.

Board expansion

The board also approved the appointment of Mr. Anil Jain as an Additional Director in the category of Non-Executive Director, effective immediately, subject to shareholder approval. Mr. Jain brings over 44 years of experience in the power sector.

Mr. Jain holds a Bachelor's degree in Electrical Engineering from Malaviya National Institute of Technology, Jaipur. He has held senior leadership positions at Power Grid Corporation of India Limited (POWERGRID), UP Power Transmission Corporation Limited (UPPTCL), and Delhi Electricity Regulatory Commission (DERC). His expertise includes power transmission and distribution, regulatory affairs, tariff determination, and corporate planning.

The board meeting commenced at 4:00 pm IST and concluded at 5:45 pm IST. Company Secretary Sonali K. Gaikwad confirmed the approvals.

Jyoti Structures Limited has released the consolidated scrutinizer's report for its 51st Annual General Meeting (AGM), confirming that all five proposed resolutions were carried with the requisite majority. The virtual meeting, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), saw participation from 117 members in person and extensive remote e-voting activity.

The company disclosed that as of the record date of August 6, 2026, there were 2,07,108 shareholders on the register. The total votes polled across all resolutions stood at approximately 2.97 crore, representing roughly 2.49% of the outstanding shares. Public institutional investors voted unanimously in favor of all resolutions, while public non-institutional shareholders provided the bulk of the voting volume.

Voting Results by Resolution

The most significant resolution was the increase in authorized share capital, which received 92.31% support. This was followed closely by the appointment of branch auditors (95.02%) and ratification of cost auditor remuneration (94.95%). The adoption of standalone and consolidated financial statements for FY26 secured near-unanimous approval at 99.94% each.

Shareholder Participation Details

Remote e-voting accounted for the vast majority of votes cast, running from August 10 to August 12, 2026. E-voting during the AGM itself contributed a smaller fraction of the total votes. No invalid votes were recorded for any of the resolutions.

For the financial statement approvals, public non-institutional shareholders voted 99.92% in favor. For the authorized capital increase, this group voted 90.46% in favor, with 9.54% casting votes against. The dissenting votes primarily came from remote e-voters among the public non-institutional category.

Procedural Compliance

The meeting was chaired by Independent Director Mrs. Monica Chaturvedi. CS Vishal Lochan Aggarwal served as the scrutinizer, issuing the consolidated report on August 13, 2026. The results were submitted to BSE Limited and NSE Limited pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company Secretary, Sonali K. Gaikwad, confirmed the submission on August 14, 2026.