Jagan Lamps Limited , a company known for its auto bulbs business, has announced a strategic expansion of its product portfolio. The company has launched a new range of auto spare parts and accessories, effective from November 19, 2025. This move marks a significant step in the company's growth strategy and diversification efforts.

Product Expansion Details

The new product line will complement Jagan Lamps' existing auto bulbs business. Here's a breakdown of the key aspects of this expansion:

Strategic Rationale

The company's decision to diversify its product offerings is part of a broader initiative to strengthen its position in the automotive components market. By introducing spare parts and accessories, Jagan Lamps aims to:

1. Cater to evolving customer requirements
2. Expand its market presence
3. Create additional revenue streams

Implementation and Outlook

Jagan Lamps has stated that the new product range will be launched in a phased manner through its existing distribution channels, both in India and overseas. The company expects a progressive scaling of these new offerings in line with market demand.

It's important to note that this expansion does not affect Jagan Lamps' existing operations. The new product line aligns with the company's core business activities and is designed to complement its established auto bulbs business.

While the company anticipates a positive impact on revenues in the medium to long term, the actual financial implications of this expansion will likely become clearer in the coming quarters as the new products gain traction in the market.

As Jagan Lamps ventures into this new product category, market observers will be keen to see how effectively the company leverages its existing distribution network and brand presence to establish itself in the competitive auto spare parts and accessories segment.

Jagan Lamps Limited has announced several significant corporate decisions following its Board of Directors meeting held on September 5, 2025. The company has made key appointments and set important dates for its upcoming Annual General Meeting (AGM).

New Independent Director Appointment

The Board has appointed Mr. Ashwani Mangla as an Additional Non-Executive & Independent Director, effective September 5, 2025. Mr. Mangla, a B.Tech in Chemical Engineering, brings over 24 years of experience in International Trade and Marketing to the role. As a Non-Resident Indian (NRI) residing in Australia, Mr. Mangla is not related to any existing directors or key managerial personnel of the company.

33rd Annual General Meeting

Jagan Lamps Limited has scheduled its 33rd AGM for September 29, 2025, at 10:00 AM. The meeting will be held at the company's registered office located at Narela Piao Manihari Road, District - Sonipat, Haryana.

Key Appointments and Decisions

Secretarial Auditor

M/s Mehak Gupta & Associates, a peer-reviewed firm of Company Secretaries, has been appointed as the Secretarial Auditor for a five-year term starting from the financial year 2025-2026, subject to shareholder approval at the upcoming AGM.

Internal Auditor

Mr. Surendra Prasad, a Commerce graduate with expertise in accounting, has been appointed as the Internal Auditor for the financial year 2025-2026.

E-Voting Arrangements

The company has appointed National Securities Depository Ltd (NSDL) to provide e-voting facilities for the 33rd AGM. M/s Mehak Gupta & Associates, Company Secretaries, will serve as the scrutinizer for the e-voting process.

Cut-off Date

September 22, 2025, has been set as the cut-off date for determining voting eligibility for the AGM.

Board Report Approval

The Board of Directors has approved the Board Report for the financial year ended March 31, 2025.

Legal Proceedings

The Board has authorized several officials, including Managing Director Mr. Ashish Aggarwal, Company Secretary Mr. Hardik Gujar, and legal professionals, to represent the company in filing an appeal against a Standard Operating Procedure (SOP) fine levied by the Bombay Stock Exchange.

These decisions reflect Jagan Lamps Limited's commitment to strong corporate governance and compliance with regulatory requirements. The appointment of Mr. Ashwani Mangla as an Independent Director is expected to bring fresh perspectives to the company's board, leveraging his extensive experience in international trade and marketing.