Jamshri Realty Limited , a company with roots dating back to 1907, has announced significant changes to its leadership team. At the 117th Annual General Meeting (AGM) held on September 22, 2025, shareholders approved two key appointments.

Re-appointment of Rajesh Damani as Joint Managing Director

• Effective Period: October 1, 2025, for a one-year term
• Position: Joint Managing Director
• Experience: 37 years across textile, engineering, IT, infrastructure, and retail industries
• Family Connections: Son of Managing Director Premratan Bhairuratan Damani and brother of Non-Executive Director Rekha

Appointment of Ankoor Sharad Kulkarni as Independent Director

• Effective Period: September 22, 2025, to August 11, 2030
• Position: Independent Director
• Director Identification Number (DIN): 10862737
• Rotation Status: Not liable to retire by rotation

Professional Background of Ankoor Sharad Kulkarni

Ankoor Sharad Kulkarni brings over 30 years of professional expertise across various crucial business domains, including:

• Finance
• Business Planning and Development
• Business Process Services
• Analytics
• Information Technology
• Green field projects
• Strategic marketing
• Change management
• Sales and Operations
• Collections
• Customer relationships
• Marketing
• Risk management

Compliance and Eligibility

The company has confirmed that both Rajesh Damani and Ankoor Sharad Kulkarni meet all necessary eligibility criteria:

• They have not been debarred from holding directorships by the Securities and Exchange Board of India (SEBI) or any other regulatory authority.
• They are not disqualified under Section 164 of the Companies Act, 2013.

Shareholder Approval for Kulkarni's Appointment

The resolution for Kulkarni's appointment was passed with unanimous support at the AGM:

Company Overview

Jamshri Realty Limited, formerly known as The Jamshri Ranjitsinghji Spinning & Weaving Mills Co. Ltd., is a company with a rich history dating back to 1907. The company's registered office is located in Solapur, Maharashtra, with its administrative office in Mumbai.

These strategic appointments are expected to bring fresh perspectives and valuable insights to Jamshri Realty Limited's board, potentially contributing to the company's future growth and governance.

Jamshri Realty Limited , a company focusing on property development and hospitality services, has reported its financial results for the fiscal year ending March 31, 2023. Despite ongoing challenges, the company shows signs of improvement in its financial performance.

Financial Highlights

All figures in Rs crore, except EPS

Performance Analysis

Jamshri Realty Limited demonstrated a mixed financial performance for the fiscal year 2023. While the company continued to report a substantial net loss, there are indications of improvement compared to the previous year.

The company's total income saw a significant increase of 44.8%, rising from Rs 381.28 crore in FY2022 to Rs 551.92 crore in FY2023. This growth was primarily driven by a 29.4% increase in revenue from operations, which reached Rs 389.21 crore.

Despite the growth in revenue, Jamshri Realty reported a net loss of Rs 426.37 crore for FY2023. However, this represents an improvement from the Rs 585.78 crore loss reported in the previous year, indicating some progress in the company's financial health.

Operational Focus

Jamshri Realty has shifted its focus from manufacturing to property development. The company is now primarily engaged in developing space for various purposes, with over 90% of its space currently under development. This strategic shift aligns with the company's two main operating segments: Property & Related Services and Hospitality Services.

Financial Position

The company's financial position remains challenging, with equity turning negative at Rs 55.47 crore as of March 31, 2023. This negative equity position underscores the ongoing financial pressures faced by Jamshri Realty.

Earnings Per Share

The basic earnings per share from continuing operations showed an improvement, moving from -Rs 785.10 in FY2022 to -Rs 572.85 in FY2023. While still negative, this change reflects the reduced net loss for the year.

Conclusion

Jamshri Realty Limited's financial results for FY2023 present a picture of a company in transition. While still facing significant challenges, as evidenced by the continued net loss and negative equity position, the company has shown some signs of improvement. The increased revenue and reduced net loss suggest that the company's focus on property development and hospitality services may be starting to yield results. However, the road to profitability remains challenging, and stakeholders will be closely watching the company's performance in the coming years.