Jyoti Structures Limited (JSL), a prominent player in the heavy electrical equipment sector, held a significant board meeting on August 14, 2025, making several important decisions and announcements. The company's board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, marking the first quarter of the fiscal year 2025-26.

Key Appointments and Re-appointments

The board made several key appointments to strengthen its corporate governance and compliance framework:

1. M/s. Bhushan Khot and Co., Chartered Accountants, were re-appointed as Internal Auditor for FY 2025-26.
2. M/s. K N B J & Associates, Chartered Accountants, were appointed as an additional Internal Auditor for FY 2025-26.
3. CMA Dr. Narhar K. Nimkar was appointed as Cost Auditor for FY 2025-26.
4. M/s. Santosh M. Raikar & Co., Chartered Accountants, were appointed as Tax Auditor for FY 2025-26.
5. M/s Sandeep Dubey & Associates, Company Secretaries, were appointed as Secretarial Auditor for a term of five consecutive financial years from FY 2025-26 to FY 2029-30.

These appointments aim to ensure enhanced coverage and effective monitoring of internal controls, as well as compliance with various regulatory requirements.

Employee Stock Option Plan (ESOP) Allotments

The board approved the allotment of equity shares under the JSL ESOS 2021 scheme:

This allotment totals 502,333 equity shares, which will be listed and rank pari-passu with the existing equity shares of the company.

Corporate Social Responsibility (CSR) Committee

JSL constituted a Corporate Social Responsibility Committee in compliance with the Companies Act, 2013. The committee comprises:

1. Dr. Rajendra Prasad Singh, Independent Director (Chairperson)
2. Mrs. Monica Chaturvedi, Independent Director
3. Mr. Abdul Hameed Khan, Whole Time Director
4. Mrs. Pragati Nagar, Head of Human Resources

Other Significant Decisions

• The board approved the Directors' Report for FY 2024-25.
• Matters related to the company's 50th Annual General Meeting were discussed and approved.

The board meeting, which commenced at 5:30 PM IST and concluded at 9:00 PM IST, covered a wide range of corporate actions, reflecting Jyoti Structures' commitment to strengthening its governance structure and rewarding its employees through stock options.

These developments indicate Jyoti Structures' focus on enhancing its operational efficiency, compliance, and corporate governance practices as it moves forward in the fiscal year 2025-26.

Jyoti Structures Limited, a prominent player in the heavy electrical equipment sector, has reported a robust financial performance for the first quarter, with significant growth in both revenue and profitability.

Strong Revenue Growth

The company's consolidated revenue for Q1 surged to ₹1.56 billion, marking a substantial 77% increase from ₹883 million in the corresponding quarter of the previous year. This impressive top-line growth reflects Jyoti Structures' strong market position and increased business activities.

Profit Soars

Jyoti Structures' consolidated net profit for the quarter witnessed a remarkable 120% year-over-year increase, reaching ₹112 million compared to ₹51 million in the same period last year. This significant jump in profitability underscores the company's improved operational efficiency and cost management strategies.

EBITDA Performance

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose to ₹70 million from ₹58 million in the previous year, indicating an improvement in operational performance. However, the EBITDA margin contracted to 4.49% from 6.51% in the same period last year, suggesting some pressure on profitability despite higher absolute earnings.

Management Initiatives

The company's board has taken several key decisions to strengthen its governance and compliance framework:

1. Appointment of additional auditors:

   • M/s. K N B J & Associates, Chartered Accountants, as an additional Internal Auditor
   • CMA Dr. Narhar K. Nimkar as Cost Auditor
   • M/s. Santosh M. Raikar & Co. as Tax Auditor
   • M/s Sandeep Dubey & Associates as Secretarial Auditor for a five-year term

2. Re-appointment of M/s. Bhushan Khot and Co. as Internal Auditor

3. Constitution of a Corporate Social Responsibility (CSR) Committee

Employee Stock Options

The board has approved the allotment of equity shares under the JSL ESOS 2021 Scheme:

These allotments have increased the company's total issued share capital to ₹238,24,90,274.

The strong Q1 performance, coupled with these strategic decisions, positions Jyoti Structures for continued growth and improved corporate governance in the coming quarters.