Jai Corp Limited, a prominent Indian company, has made significant announcements regarding its leadership and shareholder returns. The company's board of directors has approved several key decisions in their recent meeting, demonstrating a commitment to corporate governance and shareholder value.

New Independent Director Appointment

The board of directors, based on the recommendation of the Nomination and Remuneration Committee, has appointed Mr. Amit K. Mundra as an additional director in the category of non-executive independent director. Mr. Mundra's appointment is for a term of five consecutive years, effective from July 26, 2025, subject to shareholder approval by way of special resolution.

Mr. Mundra brings a wealth of experience to the board. He is a Fellow Member of the Institute of Chartered Accountants of India with over 23 years of expertise in corporate finance, system audit, investigation, specialized monitoring assignments, and bank audit. This appointment is expected to strengthen the company's leadership and provide valuable insights to its operations.

Dividend Declarations

In a move that will likely please shareholders, Jai Corp Limited has announced two separate dividend payments:

1. Special Interim Dividend: The company has declared a special interim dividend of Rs. 5.00 per share for the financial year 2025-26. This dividend will be paid on 17,55,04,995 fully paid-up equity shares of face value Re. 1/- each.

2. Final Dividend for FY 2024-25: The board has recommended a final dividend of Re. 0.50 per share for the financial year 2024-25, also on 17,55,04,995 fully paid-up equity shares.

Both dividend payments exclude the 44,600 equity shares that have been forfeited but not cancelled or re-issued.

Key Dates for Shareholders

Additional Board Decisions

The board meeting, which lasted from 15:10 hrs to 16:50 hrs IST on July 26, 2025, also covered other important matters:

• Mr. Amit K. Mundra has been appointed as a member of the Nomination and Remuneration Committee, effective immediately.
• The board has recommended the re-appointment of Mr. Anand Jain, the Chairman and a non-executive promoter director, who is set to retire by rotation at the upcoming 40th Annual General Meeting.

These developments reflect Jai Corp Limited's ongoing efforts to maintain strong corporate governance practices and enhance shareholder value. The appointment of Mr. Mundra and the declaration of dividends underscore the company's commitment to both strategic growth and rewarding its shareholders.

Jai Corp Limited has made several significant announcements following its recent board meeting, including a special interim dividend, appointment of a new independent director, and recommendations for the upcoming Annual General Meeting.

Special Interim Dividend and Final Dividend

The Board of Directors of Jai Corp Limited has declared a special interim dividend of Rs. 5.00 per share on 17,55,04,995 fully paid-up equity shares for the financial year 2025-26. This dividend will be payable to shareholders on the record date of August 1, 2025. Additionally, the board has recommended a final dividend of Re. 0.50 per share for the financial year 2024-25.

It's worth noting that no dividend has been recommended for the 44,600 equity shares that have been forfeited but not cancelled or re-issued.

New Independent Director Appointment

In a move to strengthen its leadership, Jai Corp Limited has appointed Mr. Amit K. Mundra as an additional non-executive independent director for a term of five years, effective from July 26, 2025. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Mr. Mundra brings over 23 years of experience to the board, with expertise in corporate finance, system audit, investigation, and specialized monitoring assignments. He is a Fellow Member of the Institute of Chartered Accountants of India.

Changes in Board Committees

Following his appointment, Mr. Amit K. Mundra has also been named a member of the Nomination and Remuneration Committee, effective immediately.

Re-appointment of Chairman

The board has recommended the re-appointment of Mr. Anand Jain, the current Chairman and a non-executive promoter director, who is set to retire by rotation at the upcoming 40th Annual General Meeting.

Regulatory Compliance Note

During the board meeting, the company acknowledged a fine imposed by BSE Limited. While the details of the fine were not disclosed, the company has taken note of this regulatory action.

Conclusion

These announcements reflect Jai Corp Limited's commitment to shareholder value and corporate governance. The special interim dividend, in particular, signals a positive financial outlook for the company. Shareholders and potential investors will be keen to see how these developments impact the company's performance in the coming months.