JSL Industries Limited has announced securing a prestigious order worth Rs. 2.91 crores (excluding GST) from Gujarat Energy Transmission Corporation Limited (GETCO), Vadodara, Gujarat. The contract, dated February 26, 2026, was awarded to the company's Instrument Transformer Division for the supply of 66KV Class Current Transformers and Potential Transformers (CT/PT).

Order Details and Specifications

The domestic contract encompasses the supply of high-voltage electrical equipment with specific technical requirements. The order is scheduled for execution by September 30, 2026, providing the company with a clear timeline for delivery.

Commercial Terms and Conditions

The agreement includes comprehensive commercial terms that cover various aspects of the supply contract:

• Payment Terms: As per terms mentioned in the commercial terms and conditions (e-procurement)
• Packing & Forwarding: Inclusive in the contract value
• Freight: Inclusive in the contract value
• Insurance: Inclusive in the contract value
• GST: Exclusive of the quoted price

Guarantee and Support Framework

The contract includes an extensive guarantee period of 60 months from the date of receipt of material at the customer's stores. Within this period, 12 months from the date of commissioning or 18 months from the date of supply (whichever is earlier) will be supported by a Bank Guarantee equivalent to 10% of the contract value.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015. Additional details were provided as required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company confirmed that the order does not fall within related party transactions and that promoters have no interest in the awarding entity.

Company Background

JSL Industries Limited operates from its registered office and works located in Village Mogar, Anand district, Gujarat. The company holds ISO 9001:2015 certification and maintains its listing on BSE Limited under scrip code 504080.

Source: None/Company/INE581L01018/25eb7846-0b15-4475-9e2c-1cf74efb4ba7.pdf

JSL Industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing mixed performance with declining profitability despite operational stability. The Board of Directors approved these results during their meeting held on February 10, 2026, following recommendations from the Audit Committee.

Quarterly Financial Performance

The company's Q3FY26 performance reflected challenges in maintaining profitability levels compared to the previous year. Revenue from operations stood at ₹1,376.05 lacs, marking a modest decline from the previous quarter and year-over-year comparisons.

Nine-Month Financial Results

The nine-month performance showed more pronounced challenges, with significant declines in profitability metrics. Despite maintaining operational revenue levels, the company experienced substantial pressure on bottom-line performance.

Operational Metrics and Cost Structure

The company's operational efficiency showed mixed trends across different cost categories. Cost of materials consumed increased to ₹855.28 lacs in Q3FY26 from ₹767.31 lacs in Q3FY25, representing a significant rise in input costs. Employee benefits expense remained relatively stable at ₹230.98 lacs compared to ₹235.02 lacs in the previous year quarter.

Key Operational Highlights:

• EBITDA for Q3FY26 was ₹127.19 lacs compared to ₹170.39 lacs in Q3FY25
• Finance costs increased to ₹10.23 lacs from ₹5.98 lacs year-over-year
• Depreciation and amortization expense was ₹33.34 lacs versus ₹32.62 lacs in Q3FY25
• Other expenses decreased to ₹178.70 lacs from ₹225.88 lacs in the corresponding quarter

Investment Reclassification and Accounting Changes

The company implemented a significant accounting policy change regarding its investment in quoted equity shares of Jyoti Limited. Management decided to hold these investments for the long term rather than short term, effective from April 1, 2025. This reclassification resulted in moving unrealised gains or losses from Fair Value Through Profit or Loss (FVTPL) to Fair Value Through Other Comprehensive Income (FVTOCI-NR). The fair market value of these shares was ₹902.79 lacs on the reporting date, contributing an increase in income of ₹28.57 lacs during the nine-month period.

Regulatory and Compliance Updates

JSL Industries is currently evaluating the impact of New Labour Codes that became effective from November 21, 2025. The company will assess the full implications once related rules and government clarifications are issued, with any impact to be accounted for in subsequent periods. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies Act, 2013, and were reviewed by statutory auditors Talati & Talati LLP.