Jaykay Enterprises Limited has successfully completed its postal ballot process for material related party transactions worth Rs 1,650 crore for the financial year 2025-26. The voting results, declared on December 26, 2025, showed overwhelming shareholder support with approval rates ranging from 99.94% to 99.95% across all 11 resolutions.

Postal Ballot Process and Timeline

The e-voting process was conducted from November 26, 2025, to December 25, 2025, under the supervision of scrutinizer Varuna Mittal from M/s. Varuna Mittal & Associates. The company had 87,329 shareholders on the record date of November 21, 2025.

Detailed Voting Results

All 11 resolutions related to material related party transactions were passed with requisite majority. The voting demonstrated strong shareholder confidence with approximately 190 members participating in the e-voting process representing nearly 6 million shares.

Transaction Entities and Structure

The approved transactions involve various subsidiaries and joint ventures including JK Phillips LLP, Allen Reinforced Plastics Limited (formerly Allen Reinforced Plastics Private Limited), Neumesh Labs Private Limited, JK Defence & Aerospace Limited, and JK Digital & Advance Systems Private Limited. These transactions are designed to support operational efficiency and business growth across the company's diverse portfolio.

Financial Context and Significance

To understand the magnitude of these approved transactions, here's the company's recent financial position:

The approved transactions of Rs 1,650 crore represent a significant portion relative to the company's total assets, underscoring their material nature and potential impact on operations across Jaykay Enterprises' defense, aerospace, and digital manufacturing segments.

Regulatory Compliance and Documentation

The postal ballot process was conducted in full compliance with Section 110 of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Shikha Rastogi submitted the detailed voting results to BSE Limited and National Stock Exchange of India Limited on December 26, 2025.

With shareholder approval now secured, Jaykay Enterprises can proceed with implementing these strategic related party transactions to enhance operational synergies and support its growth objectives in the defense, aerospace, and digital manufacturing sectors.

Jaykay Enterprises Limited has announced its financial results for the quarter and half-year ended September 30, showcasing robust growth despite facing challenges in one of its subsidiaries.

Financial Highlights

The company reported a significant increase in its financial performance for Q2:

The company's revenue for the quarter stood at ₹63.06 crore, marking a substantial 105% year-on-year growth. For the half-year, revenue reached ₹118.52 crore, representing a 147% increase compared to the same period last year.

Operational Highlights

JK Defence & Aerospace Limited

• Secured major defence orders worth ₹110 crore from BrahMos Aerospace Private Limited and Bharat Dynamics Ltd.
• Increased effective stake to approximately 93% in Allen Reinforced Plastics Limited, strengthening its position in advanced materials and composite technologies.

JK Phillips LLP

• Awarded a ₹139 crore order from IRCON International Ltd., boosting its footprint in the infrastructure and engineering segment.

JK Digital & Advanced Systems Private Limited

• Completed Transfer of Technology (ToT) from CSIR-CSIO for 3D Printed Medical Implants.
• Registered its own brand, "Neobone," for medical implants.
• Nearing completion of manufacturing facility in Bengaluru for bespoke and bulk medical implant markets.

Digital Services Segment (JK Tech)

• Revenue from operations increased by 7% in Q2, with EBITDA margins at 20%.
• AI-driven platform "JIVA" gaining traction in US and UK/Europe markets.
• Honored with the Silver Globee® Award for Company of the Year in Artificial Intelligence at the 17th Annual Globee® Business Awards.

Challenges and Concerns

Despite the overall positive performance, the company faces a significant challenge:

• Auditors issued a qualified opinion due to misappropriation of funds and trade receivables worth ₹152.99 lakhs by an ex-director of subsidiary Neumesh Labs Private Limited.
• The company has filed an FIR and believes the amount will be recovered without requiring provisions.

Management Commentary

Abhishek Singhania, Chairman and Managing Director of Jaykay Enterprises Ltd., commented on the performance: "Jaykay's second quarter results underline the strength of our diversified portfolio and the progress across all strategic segments. Our strong order inflows in Defence & Aerospace, expansion in medical technology, and steady growth in digital services are positioning the company for sustained performance. The outlook for the remaining year appears robust and should continue the momentum in revenues & profitability."

Regulatory Compliance

The company's financial assets constitute more than 50% of total assets, potentially bringing it under Section 45-IA of the Reserve Bank of India Act. However, management believes registration is not required as the company is primarily engaged in digital manufacturing and aerospace sector operations.

Jaykay Enterprises continues to demonstrate strong growth across its diverse business segments, with significant developments in defence, medical technology, and digital services. While facing challenges related to fund misappropriation in a subsidiary, the company remains optimistic about its future performance and market position.