Jaro Institute of Technology Management and Research Limited has formally announced the completion of its postal ballot process, with shareholders providing unanimous approval for all four special resolutions. The company submitted the results to BSE Limited and National Stock Exchange of India Limited under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Overview

The postal ballot was conducted for 73,339 total members as on the record date of January 23, 2026. The voting period extended from January 25, 2026 at 09:00 A.M. (IST) to February 23, 2026 at 05:00 P.M. (IST), utilizing remote e-voting exclusively through Bigshare Services Pvt. Ltd.

Resolution Results and Voting Analysis

All four special resolutions achieved 100.00% approval rates when rounded to two decimal places, demonstrating exceptional shareholder confidence in the company's strategic initiatives.

Shareholder Participation Details

The postal ballot witnessed strong participation from different shareholder categories. The promoter and promoter group, holding 12,703,262 shares, demonstrated complete participation with 100.0000% voting rate. Public non-institutional shareholders showed 1.1673% participation with 92,852 votes polled for the first three resolutions and 92,836 votes for the director re-appointment.

Employee Stock Option Plan 2026

Shareholders approved three interconnected resolutions related to the Jaro Education Employee Stock Option Plan 2026. The resolutions covered the establishment of the ESOP scheme, authorization for secondary acquisition of equity shares, and enabling company loans for share purchases by trustees for employee benefit. Each resolution received identical voting results with 12,795,994 votes in favor and 120 votes against.

Director Re-appointment

The re-appointment of Mr. Ishan Baveja (DIN: 07251062) as an Independent Director was approved with 12,796,034 votes in favor and 64 votes against. The scrutinizer noted that one member voted differently across resolutions, resulting in slightly different vote counts for this resolution.

Regulatory Compliance and Documentation

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and the Companies (Management and Administration) Rules, 2014. Himanshu Gajra & Co, Company Secretaries served as the scrutinizer, appointed on January 21, 2026. The company published advertisements in Free Press Journal (English) and Navshakti (Marathi) newspapers to ensure proper notification.

The results and scrutinizer's report have been made available at the company's registered office and hosted on the company's website at https://www.jaroeducation.com/ and Bigshare Services Pvt. Ltd.'s website at https://ivote.bigshareonline.com . The formal communication was signed by Sanjay Namdeo Salunkhe, Managing Director (DIN: 01900632) and submitted to both stock exchanges.

Jaro Institute of Technology Management and Research Limited has delivered a strong financial performance in Q3FY26, marking a significant turnaround from the previous year's losses. The education services company reported robust growth across key financial metrics for the quarter ended December 31, 2025.

Financial Performance Highlights

The company's quarterly results demonstrate substantial improvement in profitability and revenue generation. Revenue from operations grew by 38.6% year-on-year, while the company successfully turned around from losses to profitability.

Nine-Month Performance

For the nine months ended December 31, 2025, Jaro Education maintained strong performance with revenue from operations reaching ₹20,109.17 lakhs compared to ₹17,814.18 lakhs in the corresponding period of FY25. The company achieved a net profit of ₹3,158.36 lakhs for the nine-month period.

Operational Expenses and Margins

The company's total expenses for Q3FY26 stood at ₹5,246.98 lakhs compared to ₹4,879.46 lakhs in Q3FY25. Employee benefits expense increased to ₹1,946.92 lakhs from ₹1,939.18 lakhs, while other expenses rose to ₹3,004.19 lakhs from ₹2,511.70 lakhs. Finance costs decreased significantly to ₹43.33 lakhs from ₹146.89 lakhs in the previous year.

IPO Proceeds Utilization

The company provided an update on the utilization of IPO proceeds raised through its public offering completed in September 2025. Out of the total fresh issue proceeds of ₹17,000.00 lakhs, the company has utilized ₹7,494.09 lakhs as of December 31, 2025.

Corporate Actions and Governance

The Board of Directors, in their meeting held on January 29, 2026, approved the Q3FY26 results and declared an interim dividend of ₹2 per equity share. The company's paid-up equity share capital stands at ₹2,215.62 lakhs with a face value of ₹10 per share. During the nine months ended December 31, 2025, the company allotted 8,643 equity shares under its ESOP scheme 2022.

The results have been reviewed by the Audit Committee and received an unmodified conclusion from statutory auditors MSKA & Associates LLP following their limited review as required under SEBI regulations.

Earnings Conference Call Recording

Following the quarterly results announcement, Jaro Institute has made available the audio recording of its earnings conference call held on January 30, 2026. The company has uploaded the recording on its website and informed both BSE Limited and National Stock Exchange of India Limited about the availability of the audio file. The transcript of the investor conference call will be shared with the stock exchanges and uploaded on the company's website in due course.