Jay Ambe Supermarkets Limited (BSE: 544514) has announced strong financial results for the first half of the fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

*As of March 2025

The company's revenue from operations saw a substantial increase of 67.7% year-over-year, rising to ₹3,056.44 crore in H1 FY2026 from ₹1,822.64 crore in the corresponding period last year. This growth underscores the company's expanding market presence and effective operational strategies.

Jay Ambe Supermarkets reported a net profit of ₹756.60 crore for the half-year, translating to an earnings per share (EPS) of ₹6.44. The company's financial position has strengthened considerably, with total equity reaching ₹3,126.69 crore, up from ₹1,357.06 crore as of March 2025, representing a 130.4% increase.

Corporate Governance and Compliance

In line with regulatory requirements, Jay Ambe Supermarkets Limited has confirmed its compliance with SEBI regulations. The company, being listed on the SME Platform of BSE, is exempt from certain disclosure requirements as per Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Utilization of IPO Proceeds

The company has provided an update on the utilization of its IPO proceeds:

The company has fully utilized the allocated funds for working capital requirements and has made significant progress in purchasing its existing store. However, the majority of funds allocated for new store fit-outs and general corporate purposes remain unutilized, indicating potential for future expansion and growth initiatives.

Jay Ambe Supermarkets' strong financial performance and strategic use of IPO proceeds suggest a positive outlook for the company's growth trajectory in the Indian retail sector.

Jay Ambe Supermarkets Limited, a prominent player in the retail sector, has announced significant changes in its corporate structure following a board meeting held on November 10, 2025. The company has made key decisions regarding its statutory auditor and the composition of its board committees.

New Statutory Auditor Appointment

The Board of Directors has approved the appointment of M/s. PKN & Co., Chartered Accountants (FRN: 137148W), as the new Statutory Auditors of the company. This decision comes in the wake of the resignation of M/s. Jay M. Shah & Co., Chartered Accountants (FRN: 137295W), effective November 7, 2025. The appointment of PKN & Co. is subject to shareholder approval at the ensuing general meeting.

PKN & Co., established in 2020, is a professionally managed firm offering comprehensive services including assurance, accounting, taxation, advisory, and compliance. The firm currently serves as Statutory Auditors for other listed companies and holds a Peer Review Certificate (No. 020163).

Board Committee Restructuring

In addition to the auditor change, Jay Ambe Supermarkets has announced the reconstitution of three key board committees, effective November 10, 2025:

In all three committees, Mr. Tanmay Rajendrakumar Mehta has been appointed as the new Chairperson, replacing Ms. Poonam Panchal, who will continue to serve as a member of each committee.

Implications and Additional Information

These changes in the company's governance structure are aimed at enhancing its operational efficiency and ensuring compliance with regulatory requirements. The board meeting, which commenced at 5:30 PM and concluded at 6:00 PM, also noted that the company's trading window for designated persons and their immediate relatives will remain closed until 48 hours after the dissemination of the unaudited financial results for the half-year ended September 30, 2025.

Investors and stakeholders of Jay Ambe Supermarkets Limited should take note of these significant changes in the company's auditing and governance structure.