Shareholders of Ludlow Jute & Specialities Ltd approved the re-appointment of Ms. Sruti Sukul as a Non-Executive Non-Independent Director at their Annual General Meeting held on September 11, 2026.

Ms. Sukul retired by rotation at the AGM in accordance with Section 152(6)(c) of the Companies Act, 2013. The company confirmed that she is not debarred from holding office by any SEBI order or other authority, as per BSE circular LIST/COMP/14/2018-19.

Director Profile

Ms. Sukul brings over 12 years of experience in Company Law, SEBI regulations, finance, and accounts. She holds an M.Com degree and is a qualified Company Secretary.

She was first appointed to the board on October 3, 2024. As of March 31, 2026, she holds no other directorships in public companies and has no shareholding in Ludlow Jute.

Ludlow Jute & Specialities reported a net profit of ₹16.16 crore for the financial year ended March 31, 2026 (FY26), marking a significant turnaround from a net loss of ₹10.57 crore in FY25. The company’s total income surged 77% to ₹532.78 crore, up from ₹301.66 crore in the prior year, driven by higher sales realizations and increased production volumes.

Financial Performance

The company’s revenue from operations stood at ₹53,185.01 lakh against ₹30,090.19 lakh in FY25. Production increased substantially to 38,029 metric tonnes from 25,573 metric tonnes in the previous year. Profit before tax rose to ₹22.09 crore from a loss of ₹14.12 crore.

Finance costs increased to ₹14.72 crore from ₹12.43 crore, while depreciation and amortization fell to ₹6.33 crore from ₹10.57 crore. The reduction in depreciation was partly due to a change in estimate for the useful life of certain plant and machinery from 15 years to 30 years, which decreased depreciation expense by ₹5.92 crore.

Operational Highlights

Despite an acute shortage of raw jute and rising input costs, domestic demand remained robust, primarily supported by government procurement under the Jute Packaging Materials (Compulsory Use in Packing Commodities) Act, 1987. Export performance improved compared to the previous year, though gains remained below expectations due to geopolitical uncertainties.

The board did not recommend any dividend for FY26. The company transferred ₹8.58 lakh to the Investor Education and Protection Fund (IEPF) during the year.

AGM and Corporate Actions

Ludlow Jute & Specialities has scheduled its 47th Annual General Meeting (AGM) for Friday, September 11, 2026, at 11:30 am. The meeting will be conducted exclusively through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The notice of the AGM was dated August 12, 2026.

Key Agenda Items

• Adoption of audited financial statements for FY26.
• Re-appointment of Ms. Sruti Sukul as a director retiring by rotation.
• Re-appointment of Mr. Ashish Chandrakant Agrawal as Managing Director for three years.
• Amendment of Articles of Association to allow appointment of a Chairman Emeritus.
• Appointment of Mr. Awanti Kumar Kankaria as Chairman Emeritus with remuneration of ₹12 lakh per month.
• Ratification of remuneration for Cost Auditors for FY27.

Key Dates

Remote e-voting will be available from September 8, 2026, to September 10, 2026. Members holding shares in physical mode may update details via Form ISR-1, while demat holders must update details through their Depository Participants. The notice of AGM and Annual Report are available on the company website www.ludlowjute.com and have been forwarded to stock exchanges. E-voting queries can be directed to NSDL or CDSL support channels.

What the Numbers Show

The sharp decline in depreciation expense, driven by the revised useful life of plant and machinery, contributed significantly to the bottom-line improvement. While revenue grew nearly 77%, the net profit turnaround was amplified by this accounting change, which reduced expenses by ₹5.92 crore. This highlights the sensitivity of profitability metrics to asset life assumptions in capital-intensive jute manufacturing.