JNK India Limited Announces Postal Ballot for Material Related Party Transactions Worth ₹192.30 Crores

JNK India Limited has announced a postal ballot notice under Regulation 30 of SEBI Listing Regulations, seeking shareholder approval for material related party transactions worth ₹192.30 crores. The company has scheduled the e-voting period from January 9, 2026, at 9:00 a.m. IST to February 7, 2026, at 5:00 p.m. IST.

Postal Ballot Details and Timeline

The postal ballot notice, dated January 8, 2026, will be sent electronically to members whose email addresses are registered with the company as of the cut-off date of January 2, 2026. The company has engaged Central Depository Services (India) Limited (CDSL) to provide the e-voting facility to shareholders.

Parameter:	Details
E-voting Start:	January 9, 2026 (9:00 a.m. IST)
E-voting End:	February 7, 2026 (5:00 p.m. IST)
Cut-off Date:	January 2, 2026
Results Declaration:	On or before February 10, 2026
Scrutinizer:	Ms. Suman Sureka (Membership No. 6842)

Proposed Related Party Transactions

The postal ballot seeks approval for two major categories of material related party transactions:

Transaction with JNK Chemdist Technologies Private Limited

The first resolution involves transactions between JNK India Limited and its subsidiary JNK Chemdist Technologies Private Limited, incorporated on August 20, 2025. The subsidiary operates in research and development of green hydrogen technologies, marketing, engineering, manufacturing, and supply of technology-based products.

Transaction Type:	Amount (₹ Crores)
Inter-corporate loans and advances:	Up to 70.00
Corporate guarantee for credit facilities:	Up to 30.00
Investment in preference shares:	Up to 10.00
Total for Resolution 1:	₹70.00

Transactions Between Related Parties

The second resolution covers transactions between JNK Chemdist Technologies Private Limited and Chemdist Process Solutions Private Limited, which is a related party of the subsidiary.

Transaction Category:	Amount (₹ Crores)
Subcontracting work receipt:	Up to 84.00
Purchase of assets:	Up to 27.00
Office lease (5-year tenure):	Up to 11.30
Total for Resolution 2:	₹122.30

Financial Context and Materiality

Based on JNK India Limited's annual consolidated turnover of ₹476.64 crores for FY 2024-25, the proposed transactions represent significant percentages:

Resolution 1 transactions: 14.69% of annual turnover
Resolution 2 transactions: 25.66% of annual turnover

These transactions exceed the materiality threshold under Regulation 23 of SEBI Listing Regulations, requiring shareholder approval through ordinary resolutions.

Regulatory Compliance and Governance

The company has obtained prior approval from its Audit Committee for all proposed transactions. The Whole Time Director and Chief Financial Officer have certified that the proposed transactions are not prejudicial to public shareholders' interests and are conducted on terms comparable to those with unrelated parties.

All transactions are structured to be conducted at arm's length basis and in the ordinary course of business. The company has provided detailed disclosures in accordance with SEBI's Industry Standards for related party transaction approvals.

Voting Process and Accessibility

Shareholders can access the postal ballot notice on the company's website at www.jnkindia.com and CDSL's e-voting platform at www.evotingindia.com . The notice includes comprehensive instructions for both individual and institutional shareholders holding shares in demat and physical form.

The company has appointed Ms. Suman Sureka of M/s. Suman Sureka & Associates as the scrutinizer to ensure a fair and transparent postal ballot process. Results will be communicated to stock exchanges and displayed on the company's notice board following declaration.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.76%	-6.83%	+4.69%	-30.93%	-63.83%	-67.67%

JNK India has officially announced the resignation of Chief Financial Officer Pravin Sathe, effective December 16, 2025. The company disclosed this leadership change through a formal filing under Regulation 30 of SEBI Listing Regulations, stating that Sathe will step down to pursue other professional opportunities.

Regulatory Compliance and Filing Details

The company has fulfilled its regulatory obligations by informing both BSE Limited and National Stock Exchange of India about the executive departure. As per SEBI regulations, Sathe will cease to be a Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013, effective from the close of business hours on December 16, 2025.

Parameter	Details
Position	Chief Financial Officer
Executive Name	Pravin Vyankatesh Sathe
Effective Date	December 16, 2025
Reason	To pursue other professional opportunities
Regulatory Filing	SEBI Regulation 30 compliance
KMP Status	Ceases December 16, 2025

Official Documentation

The resignation was formalized through proper documentation, with Sathe submitting his resignation letter to the Board of Directors. In his letter, he expressed gratitude to the Board for their support and cooperation during his tenure and wished the company continued success in future endeavors.

Leadership Transition Impact

As CFO and Senior Management Personnel, Sathe's departure represents a significant change in JNK India's financial leadership structure. The company, operating in the capital goods sector with a focus on non-electrical equipment, will need to manage this executive transition while ensuring continuity in financial operations and regulatory compliance.

Corporate Governance

The company has demonstrated adherence to corporate governance standards by providing timely disclosure and following proper procedures for executive changes. Company Secretary and Compliance Officer Ashish Soni has overseen the regulatory filing process, ensuring all necessary documentation is submitted to relevant authorities including stock exchanges and the Ministry of Corporate Affairs.