Jindal Worldwide Limited , a prominent player in the textile industry, has announced its unaudited financial results for the quarter ended September 30, 2025, revealing a slight dip in revenue amidst significant corporate restructuring activities.

Financial Performance

The company reported standalone revenue from operations of INR 54,810.89 lakhs for Q2 FY2026, compared to INR 56,758.92 lakhs in the corresponding quarter of the previous year, marking a decrease of approximately 3.4%.

Corporate Restructuring

Jindal Worldwide underwent notable corporate restructuring during the period:

1. In August 2025, the company disposed of a 51% stake in Goodcore Spintex Private Limited, transforming it from a subsidiary to an associate.
2. In May 2025, Jindal Worldwide sold its stake in Kashyap Tele-Medicines Limited.

These strategic moves may be part of the company's efforts to streamline its operations and focus on core business areas.

Consolidated Performance

The consolidated financial results provide a broader picture of the company's performance:

The consolidated results show a similar trend to the standalone figures, with a slight decrease in revenue but maintained profitability.

Segment Performance

Jindal Worldwide operates primarily in the Textiles segment, which continues to be the major revenue generator. The company has also ventured into the Electric Vehicles segment, although it currently shows minimal revenue contribution.

Balance Sheet Highlights

As of September 30, 2025, the company's consolidated balance sheet shows:

• Total Assets: INR 217,483.22 lakhs
• Total Equity: INR 83,811.37 lakhs
• Current Assets: INR 162,937.22 lakhs
• Current Liabilities: INR 115,906.99 lakhs

Conclusion

Jindal Worldwide Limited's Q2 FY2026 results reflect a period of transition, with ongoing corporate restructuring potentially impacting short-term revenue. The company maintains a strong balance sheet position and continues to focus predominantly on its core textiles business while exploring opportunities in the electric vehicle sector.

Jindal Worldwide Limited, a prominent player in the textile industry, held its 39th Annual General Meeting (AGM) on September 16, 2025, where shareholders approved several significant appointments and re-appointments. The meeting, conducted through video conferencing, marked important decisions for the company's leadership and auditing processes.

Chairman Re-appointed

Dr. Yamunadutt Agrawal, a veteran with 51 years of experience in the textile industry, was re-appointed as the Chairman and Director of Jindal Worldwide Limited. Dr. Agrawal, who is the father of the company's Vice Chairman & Managing Director Amit Agarwal, brings a wealth of experience and industry knowledge to his role.

Dr. Agrawal's impressive career includes serving as the Chairman of the Textile Committee of the Gujarat Chamber of Commerce and as an Executive Member of the Expert Consultative Committee of the Ministry of Textiles. His leadership extends beyond the corporate world, as he currently chairs Agrasen Foundation and Maharaja Agrasen Vidhyalaya.

New Auditors Appointed

The shareholders also approved the appointment of new auditors for the company:

1. Statutory Auditors: M/s. R. Choudhary & Associates, Chartered Accountants (FRN: 101928W), were appointed as the Statutory Auditors for a five-year term from FY 2025-2026 to FY 2029-2030. The firm boasts over three decades of experience in providing financial and advisory services.

2. Secretarial Auditors: M/s. SPANJ & Associates, Company Secretaries, were appointed as Secretarial Auditors, also for a five-year term spanning FY 2025-2026 to FY 2029-2030. The firm is managed by four qualified Company Secretaries operating from Ahmedabad and Mumbai, specializing in corporate law compliance and SEBI regulations.

Other AGM Proceedings

The AGM, which lasted from 3:00 PM to 3:18 PM IST, also saw the adoption of audited standalone and consolidated financial statements for FY 2024-25. Additionally, the remuneration of Cost Auditors for FY 2024-25 was ratified.

The meeting was conducted in compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs. Shareholders were provided with remote e-voting facilities to cast their votes on all resolutions.

These appointments and re-appointments reflect Jindal Worldwide's commitment to maintaining strong leadership and ensuring robust financial and regulatory compliance as it continues its journey in the textile industry.