Shri Jagdamba Polymers Limited held its 42nd Annual General Meeting on September 24, 2026, at the Hyatt Regency Ahmedabad. Shareholders approved the adoption of standalone and consolidated financial statements for FY26 and declared a final dividend of ₹1 per equity share.

The meeting was convened in compliance with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. A total of 42 shareholders attended the meeting, satisfying the requisite quorum under Section 103 of the Companies Act. The Chairman’s address highlighted FY25-26 as a year of resilience amid global trade and tariff challenges, while acknowledging a decline in total income and profit after tax.

Key resolutions passed

The members considered and approved several ordinary and special business items. The final dividend declaration and the appointment of directors were among the primary resolutions passed during the session.

Management commentary

Mr. Ramakant Bhojnagarwala, Chairman & Managing Director, welcomed shareholders and presented the company's financial performance. He noted that despite global economic headwinds, the company maintained operational resilience. Mr. Hanskumar Agarwal, Chief Executive Officer, outlined priorities for FY27, focusing on global expansion, sustainability, and long-term value creation.

Voting and attendance details

Remote e-voting commenced on September 21, 2026, at 9:00 am and concluded on September 23, 2026, at 5:00 pm. Members present at the meeting also had the option to vote via polling paper. Mr. Gaurang Shah, Practicing Company Secretary, served as the Scrutinizer to ensure a fair and transparent voting process. The results will be communicated to BSE Limited and uploaded on the company website and CDSL portal.

Shri Jagdamba Polymers Limited has scheduled its 42nd Annual General Meeting (AGM) for September 24, 2026, to approve a final dividend of ₹1 per share and significant related-party transactions. The meeting will also ratify the appointment of two new independent directors.

The record date for the dividend is set for September 17, 2026. The book closure period runs from September 18 to September 24, 2026. Remote e-voting will be open from September 21 to September 23, 2026.

Key Agenda Items

Shareholders will vote on several special resolutions, including:

• Appointment of Mr. Aalay Girishbhai Mehta and Mr. Hardik Kirankumar Shah as Independent Directors.
• Revision of remuneration for Whole-Time Director Mr. Kiranbhai Bhailalbhai Patel to up to ₹96 lakh per annum.
• Approval of material related-party transactions (RPTs) with three group entities.

Related-Party Transactions

The Board seeks omnibus approval for transactions with subsidiaries and associates for FY27. The proposed limits are substantial relative to the company's turnover.

These transactions include purchase/sale of goods, loans, and investments. The Audit Committee has recommended these RPTs as being in the ordinary course of business and at arm’s length.

Board Changes

Mr. Aalay Girishbhai Mehta and Mr. Hardik Kirankumar Shah were appointed as Additional Non-Executive Independent Directors effective July 7, 2026. Their formal appointment requires shareholder approval at the AGM. Both will serve five-year terms.

Additionally, Mrs. Radhadevi Agrawal retires by rotation and offers herself for re-appointment.

Financial Context

For FY26, the company reported standalone revenue of ₹43,532.25 lakh, a decline of 11.33% from FY25. Standalone PAT fell 13.95% to ₹4,138.63 lakh. The decline was attributed to US tariff measures impacting demand.

Consolidated revenue stood at ₹45,014.87 lakh, with consolidated PAT at ₹3,623.84 lakh. The full-year consolidation of subsidiary Global Polyweave Private Limited contributed to the consolidated figures, offset by its start-up losses.

What the Numbers Show

While standalone revenue declined, other income rose significantly to ₹1,887.27 lakh from ₹945.84 lakh in FY25, driven primarily by interest income and foreign exchange gains. This non-operating income cushioned the bottom line despite operational headwinds.