Unijolly Investments Company Limited held its 44th Annual General Meeting on September 26, 2026. The meeting focused on the adoption of audited financial statements for FY26 and several director appointments.

The proceedings were conducted via Video Conferencing and Other Audio-Visual Means in compliance with regulatory guidelines. The company provided remote e-voting facilities from September 23 to September 25, 2026, allowing shareholders to vote on six ordinary resolutions.

Resolutions and Appointments

Shareholders considered and passed resolutions to adopt the Board and Auditor reports for the fiscal year ended March 31, 2026. The meeting also addressed governance changes, including the re-appointment of statutory auditors and the appointment of a new non-executive director.

Governance Updates

Mr. Krishna Babu Cherukuri chaired the meeting, which commenced at 11:00 am and concluded at 11:25 am. The board included independent directors such as Mr. Sridharan Jayaraman and Mrs. Uma Kumari Kamalapuri. The appointment of Mr. Ashwin Nandan Singh marks an expansion of the board's non-executive capacity.

Unijolly Investments Company Ltd reported a net loss of ₹0.268 million for FY26, a significant improvement from the ₹4.232 million loss recorded in FY25. Total revenue declined marginally by 1.1% to ₹1.886 million, driven by income from dividends and investments.

The board approved the appointment of Mr. Ashwin Nandan Singh as an additional non-executive director during its meeting on August 31, 2026. The company also addressed changes to its audit team, appointing M/s. CNGSN & Associates LLP as statutory auditor to fill a casual vacancy caused by the resignation of M/s. G. Nagendrasundaram & Co.

Governance Changes

The company noted the resignation of M/s. B S S & Associates as secretarial auditor due to increased professional commitments. The board subsequently appointed M/s. Kasat & Associates as secretarial auditor for five consecutive years, from FY 2026-27 to FY 2030-31, subject to shareholder approval.

Additionally, the board noted the resignation of Mr. K Srivas as internal auditor and appointed M/s. Pranaya & Co as internal auditor for FY 2026-27.

Annual General Meeting Details

The board fixed the 44th Annual General Meeting (AGM) for Saturday, September 26, 2026, at 11:00 am via video conference or other audio-visual means. The cut-off date for determining voting eligibility is September 19, 2026.

Remote e-voting will commence on Wednesday, September 23, 2026, at 9:00 am and end on Friday, September 25, 2026, at 5:00 pm. Mrs. N. Vanitha of P.S. Rao & Associates was appointed as scrutinizer for the AGM.

Financial Performance

The company's total comprehensive income for FY26 was ₹0.471 million, compared to ₹16.202 million in FY25. This shift was largely influenced by changes in Other Comprehensive Income (OCI), which stood at ₹0.739 million in FY26 versus ₹20.434 million in the previous year.

Current assets surged to ₹22.432 million from ₹1.829 million in FY25, primarily due to an increase in current investments to ₹22.225 million from ₹1.680 million. Non-current investments decreased to ₹115.979 million from ₹135.281 million. The surplus carried forward to the balance sheet increased to ₹78.455 million from ₹40.282 million.

What the Numbers Show

The reduction in net loss from ₹4.232 million to ₹0.268 million coincides with a sharp decline in deferred tax expense, which fell from ₹4.585 million in FY25 to ₹0.370 million in FY26. While operational revenue remained relatively stable, the significant drop in tax provisions contributed substantially to the improved bottom-line performance, despite losses from derivatives rising to ₹0.473 million from ₹0.128 million.