Jai Mata Glass , a prominent player in the glass manufacturing industry, has announced a significant change in its leadership team. The company's Chief Financial Officer (CFO), Rajesh Arya, is set to step down from his position, marking a notable shift in the company's financial management structure.

Key Details of the Departure

Implications for Jai Mata Glass

The departure of a key executive, especially in a critical role such as the CFO, may have several implications for Jai Mata Glass:

1. Transition Period: The company will need to manage a smooth transition of financial responsibilities, which might involve interim arrangements or a search for a new CFO.

2. Financial Strategy: There may be potential shifts in financial management approaches as the company prepares for new leadership in this crucial area.

3. Investor Relations: The company might need to reassure stakeholders about the continuity of financial operations and strategies during this transition.

4. Regulatory Compliance: Ensuring uninterrupted compliance with financial regulations and reporting requirements will be crucial during the leadership change.

The announcement of Mr. Arya's planned departure well in advance suggests that Jai Mata Glass is taking a proactive approach to managing this transition. This extended notice period may allow the company ample time to search for a suitable replacement and ensure a smooth handover of responsibilities.

As the transition unfolds, stakeholders will likely be keen to observe how Jai Mata Glass manages this change in its financial leadership and any potential impacts on the company's financial strategies and performance.

Jai Mata Glass Limited recently held a board meeting to approve its financial results for the second quarter and first half of the fiscal year 2026. The company also addressed a regulatory non-compliance issue related to the frequency of board meetings. Here's a breakdown of the key points:

Financial Performance

Jai Mata Glass Limited reported the following financial results for Q2 and H1 FY2026:

The company's financial performance shows losses for both the quarter and the half-year period ended September 30, 2025.

Regulatory Non-Compliance

The board addressed a non-compliance issue with SEBI regulations regarding the number of board meetings held. Key points include:

• The gap between board meetings extended to 122 days, exceeding the regulatory limit.
• The delay was attributed to health issues faced by the late Managing Director, Chander Mohan Marwah.
• Mr. Marwah was outside India from March 27 to May 18, 2025, for medical reasons.
• He passed away on May 28, 2025, shortly after returning to India.

Remedial Actions

In response to the non-compliance, Jai Mata Glass Limited has taken the following steps:

1. Paid applicable penalties as communicated by the Bombay Stock Exchange.
2. Committed to ensuring timely compliance with regulatory requirements going forward.

Additional Information

• The board meeting was held on October 27, 2025, at the company's head office.
• The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors.
• A Limited Review Report was provided by the company's Statutory Auditors.

Jai Mata Glass Limited has assured stakeholders that necessary steps will be taken to avoid such delays in the future and maintain compliance with all regulatory requirements.

Investors and stakeholders should note that while the company has addressed the non-compliance issue, the reported financial losses may require close monitoring of the company's future performance and strategies for improvement.