Shri Jagdamba Polymers Limited has approved significant changes to its Board composition and committee structure following a meeting on July 06, 2026. The company accepted the resignation of Mr. Vikas Shrikishan Agarwal from the post of Director and noted the cessation of Mr. Maheshkumar Gaurishanker Joshi as an Independent Director upon the completion of his two terms. Both changes are effective from the close of business hours on July 06, 2026. Simultaneously, the Board approved the appointment of two new Non-Executive Independent Directors, Mr. Aalay Mehta and Mr. Hardik Shah, for a term of five consecutive years effective July 07, 2026, subject to shareholder approval.

Mr. Ramakant Bhojnagarwala, Managing Director, was redesignated as the Chairman of the Company effective July 07, 2026. The appointments of Mr. Mehta and Mr. Shah were based on the recommendations of the Nomination & Remuneration Committee. Mr. Mehta brings over two decades of experience in the textile machinery sector, while Mr. Shah is a healthcare management professional with expertise in hospital administration and operations. The company confirmed that neither appointee is debarred from holding the position of a director by SEBI or any other authority and that they are not related to the existing directors.

In view of these changes, the Board has reconstituted its key committees with effect from July 07, 2026. The Audit Committee will be chaired by Shail Akhil Patel and includes Mr. Bhojnagarwala and Mr. Mehta. The Nomination and Remuneration Committee will also be chaired by Shail Akhil Patel, with members including Mr. Shah and Radhadevi Agrawal. The Stakeholder Relationship Committee will be chaired by Radhadevi Agrawal, while the Corporate Social Responsibility Committee will be chaired by Mr. Bhojnagarwala.

Board and Committee Composition

Director Changes

Shri Jagdamba Polymers has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 19, 2026. The statutory auditors, M/s Jain K S & Associates, issued an unmodified opinion on the financial statements. The company published the extract of these results in the Financial Express on May 21, 2026, pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015.

Financial Performance

For the financial year ended March 31, 2026, the company reported a total income of ₹43,532.25 lakhs, compared to ₹49,093.65 lakhs in the previous year. The net profit after tax for the year stood at ₹4,138.63 lakhs. On a consolidated basis, total income was ₹45,014.87 lakhs, with a net profit of ₹3,623.84 lakhs.

The company reported an exceptional item of ₹285.82 lakhs during the year, representing proceeds received from an insurance company against the full and final settlement of a claim for loss of stock.

Quarterly Highlights

For the quarter ended March 31, 2026, the standalone total income from operations was ₹11,589.12 lakhs, while the profit before tax was ₹1,419.02 lakhs. On a consolidated basis, total income from operations for the quarter was ₹12,312.33 lakhs, with a net profit before tax of ₹1,277.86 lakhs.

Board Decisions

In addition to the financial results, the Board approved the appointment of Mr. Sachin Solanki as the Internal Auditor for the financial year 2026-2027. Mr. Solanki brings 10 years of experience in the Technical Textile Industry.

The meeting commenced at 6:43 P.M. and concluded at 7:00 P.M. on May 19, 2026. The company confirmed that the financial results were prepared in compliance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.