Zodiac JRD-MKJ Limited held its 39th Annual General Meeting on September 24, 2026, through Video Conferencing and Other Audio-Visual Means. The company secured approval for a new Employee Stock Option Plan and an increase in authorized capital during the proceedings.

The meeting commenced at 11:00 am and concluded at 11:29 am. A total of 47 members attended the virtual session. This represents a small fraction of the 4,507 shareholders recorded as of the record date. The low attendance count highlights limited retail participation in the digital format.

Key resolutions passed

Shareholders voted on both ordinary and special business items. The agenda included the adoption of audited financial statements for the year ended March 31, 2026. Members also approved the re-appointment of Marc Christopher Weinmann as a director, who retired by rotation. The statutory auditors were re-appointed with their remuneration fixed by the board.

Special business items focused on corporate structuring and employee incentives. The following table summarizes the key approvals:

Voting and participation details

The company facilitated remote e-voting from September 21, 2026, to September 23, 2026. Additionally, e-voting remained open during the meeting and for 15 minutes after its conclusion. This allowed members who had not voted earlier to cast their ballots. HD and Associates served as the scrutinizer for the voting process.

What the numbers show

The attendance data reveals a significant gap between registered shareholders and active participants. With only 47 attendees out of 4,507 shareholders, the participation rate stands at approximately 1%. This low engagement level suggests that the majority of the shareholder base did not exercise their voting rights or attend the virtual meeting. The company did not disclose specific vote counts for individual resolutions in this summary, noting that detailed results would be submitted separately.

Zodiac JRD-MKJ Limited reported a significant improvement in profitability for the first quarter of FY27, driven by higher operational revenue and improved margins across its consolidated entities.

The company’s consolidated net profit after tax rose to ₹92.44 lakh for the quarter ended June 30, 2026, compared to ₹35.00 lakh in the same period last year. This represents a 164% year-on-year increase. Consolidated revenue from operations grew modestly by 1.3% to ₹1,294.94 lakh, up from ₹1,278.22 lakh in Q1FY26.

On a standalone basis, the diamond and jewellery firm saw stronger top-line growth. Standalone revenue from operations increased 48.3% year-on-year to ₹623.03 lakh, up from ₹420.15 lakh in the corresponding period of FY26. Standalone net profit after tax rose to ₹41.04 lakh from ₹10.79 lakh, marking a substantial improvement in bottom-line performance.

Financial Performance

The Board of Directors approved the unaudited standalone and consolidated financial results on August 12, 2026. The results were filed pursuant to Regulation 30 read with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Earnings per share (EPS) on a consolidated basis stood at ₹0.76, compared to ₹0.32 in the previous year. On a standalone basis, basic EPS was ₹0.37, up from ₹0.10 in Q1FY26.

What the Numbers Show

A notable divergence exists between the standalone and consolidated revenue growth rates. While standalone revenue surged by nearly 50%, consolidated revenue grew by only 1.3%. This suggests that the subsidiary operations contributed significantly to the total revenue base but experienced flat growth compared to the parent entity’s strong performance. Additionally, other income remained a volatile component; consolidated other income turned positive at ₹38.09 lakh, reversing a loss of ₹26.44 lakh recorded in the same period last year.

The company’s equity share capital remained unchanged at ₹1,097.57 lakh. The financial results are available on the BSE website and the company’s official portal.