Jigar Cables Limited has announced the resignation of its Company Secretary and Compliance Officer, Mr. Nishant Giri Vinod Giri Goswami, effective December 31, 2025. The company informed the BSE Limited (SME Platform) about this key managerial personnel change through a formal intimation dated December 26, 2025.

Resignation Details

Mr. Goswami submitted his resignation letter on December 26, 2025, stating his intention to pursue alternative career opportunities outside the organization. He will be relieved from his duties and responsibilities with effect from the close of business hours on December 31, 2025.

Regulatory Compliance

The resignation announcement was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations and the Industry Standards Note on Regulation 30 of the SEBI Listing Regulations. The company has provided all required disclosures under SEBI regulations, including SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Succession Planning

Jigar Cables Limited has indicated that it is actively in the process of identifying and appointing a suitable candidate for the Company Secretary and Compliance Officer position. The company has committed to informing the stock exchange accordingly upon filling up the vacancy.

Corporate Communication

The formal intimation was signed by Ramnik P. Vaghasiya, Whole-Time Director (DIN: 06965718), and included the complete resignation letter from Mr. Goswami as an annexure. In his resignation letter, Goswami expressed sincere thanks to the Board of Directors, CFO, senior management, and colleagues for their support and cooperation during his tenure with the company.

Jigar Cables Limited , a manufacturer of electric wires and cables, has announced its unaudited financial results for the half-year ended September 30, 2025, revealing a mixed performance with declining revenue but maintained profitability.

Financial Highlights

The company reported consolidated net sales of Rs. 2,623.41 lakhs for the half-year, marking a significant decrease from Rs. 6,171.79 lakhs in the corresponding period of the previous year. Despite the revenue contraction, Jigar Cables managed to maintain profitability, albeit at a lower level.

The net profit for the period stood at Rs. 58.57 lakhs, compared to Rs. 99.36 lakhs in the same period last year, representing a 41.1% year-on-year decline. Basic earnings per share (EPS) decreased to Rs. 0.79 from Rs. 1.27 in the previous year.

Standalone Performance

On a standalone basis, Jigar Cables achieved a net profit of Rs. 58.06 lakhs, with total income from operations at Rs. 2,537.03 lakhs. The company's standalone performance closely mirrored its consolidated results, indicating limited contribution from its subsidiary operations.

Capital Structure

The company's paid-up equity share capital increased to Rs. 901.20 lakhs as of September 30, 2025, up from Rs. 703.20 lakhs at the end of the previous financial year.

Operational Context

Jigar Cables Limited operates in the manufacturing and sale of electric wires and cables sector. The significant decline in revenue may be indicative of challenging market conditions or increased competition in the industry. However, the company's ability to maintain profitability, albeit reduced, suggests effective cost management strategies in place.

Corporate Governance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on November 12, 2025. This process underscores the company's commitment to corporate governance and transparency in financial reporting.

Outlook

While the company has faced headwinds in terms of revenue growth, its ability to remain profitable in a challenging environment may be seen as a positive sign. Investors and stakeholders will likely be watching closely to see if Jigar Cables can reverse the trend of declining sales in the coming quarters.