Jagan Lamps Ltd

Financial highlights

• Revenue from operations: Rs 4,204.01 Lacs (FY25-26).
• Previous year revenue: Rs 4,979.72 Lacs.
• PBT: Rs 258.01 Lacs.
• PAT: Rs 191.62 Lacs.
• EPS: Rs 2.62 per share.
• Revenue declined 15.57% YoY.
• Dividend: not declared.
• General Reserve transfer: Rs 191.62 Lacs.
• Paid-up capital: Rs 7.2952 Cr.
• Authorized capital: Rs 9 Cr.
• Subsidiaries: none.
• Board strength: six directors.

Operations & segment

• Single segment: Automotive bulbs and lights.
• FY25-26 revenue down 15.57% YoY.
• Export earnings: Rs 1,474.44 Lakhs.
• Imported material share: 20.48% in 2025-26.
• Net foreign currency exposure: Rs 558.01 Lacs.

Capital & liquidity

• Borrowings: Rs 407.89 Lacs (current).
• Current ratio: 2.54x.
• Debt-equity ratio: 0.12x.
• Trade payables: Rs 843.56 Lacs.
• Cash and cash equivalents: Rs 3.49 Lacs.
• Total equity: Rs 3,520.56 Lacs.
• Net cash from operations: Rs 589.53 Lacs.

Dividend & capital allocation

• Dividend: not declared for FY25-26.
• General Reserve transfer: Rs 191.62 Lacs.
• Share capital remains Rs 7.2952 Cr; no fresh equity.

Governance & board

• Independent director Shweta Nathani reappointed for second term (2026-2031).
• Hemant Mangla resigned; Ashwani Mangla appointed 05-09-2025.
• Five board meetings held in FY2025-26.
• Statutory auditors: M/s KASG & Co. reappointed for five years.
• Secretarial auditor: Mehak Gupta & Associates.

Audits & compliance

• BSE penalty: Rs 85.22 Lacs; partial waiver granted; payment completed.
• Secretarial audit: Annexure I submitted.
• Auditors’ report: no fraud; clean report; going concern affirmed.

Related party transactions

• Related party: Jagan Automotives Pvt Ltd; purchases Rs 58.11 Lacs; sales Rs 198 Lacs.
• Remuneration to MD: Rs 32.70 Lacs; CFO salary: Rs 7.20 Lacs.
• Rent paid to promoter: Rs 39.95 Lacs.

Shareholding & capital

• Promoters hold 45.85% (Ashish Aggarwal: 33,47,028 shares).
• Dematerialization: 88.33% of shares in demat form.
• Total issued share capital: Rs 7.2952 Cr; promoter holdings detailed.

AGM Details

• 34th AGM scheduled for 30 September 2026 at 10:00 AM IST at registered office, physical meeting
• Record/e-voting cut-off date: 23 September 2026
• Remote e-voting window: 27 September 2026 to 29 September 2026

Key Resolutions

• Adoption of Audited Financial Statements for FY 2025-26
• Re-appointment of Mr. Raghav Aggarwal as Director liable to retire by rotation
• Re-appointment of Mrs. Shweta Nathani as Independent Director for a second five-year term

Director Changes

• Mr. Raghav Aggarwal to be reappointed as Director, retiring by rotation
• Mrs. Shweta Nathani reappointed as Independent Director for five years (May 3, 2026–May 2, 2031)

Financial highlights

• Revenue for Q1 FY2026-27 was ₹1301.12 lakh, up 43.1% YoY.
• EBITDA rose to ₹189.5 lakh from ₹106.08 lakh, up 78.6%.
• EBITDA margin improved to 14.56% from 11.70%.
• EPS rose to ₹1.45 per share from ₹0.51.

Overall performance

• Overall performance improved with growth in revenue, EBITDA and EPS versus the prior year's quarter.

Regulation 32 non-applicability

• Regulation 32 not applicable; no share issues and no funds raised in the quarter.

AGM and e-voting schedule

• AGM scheduled for 30 September 2026 at 10:00 AM, in physical mode at registered office.
• E-voting window runs 27 September 2026 09:00 AM to 29 September 2026 05:00 PM IST.
• Shareholders as on 23 September 2026 are eligible for e-voting.

Independent Director: Shweta Nathani – Re-appointment

• Re-appointed as Independent Director for a second five-year term; effective 12 Aug 2026, subject to shareholders' approval.
• Not related to Directors or KMP; not debarred by SEBI.

Internal Auditor: Pardeep Singh – Re-appointment

• Re-appointed Internal Auditor for FY 2026-27; appointment date 12 Aug 2026.
• Term: audit for 2026-27.
• Brief profile: strong expertise in financial management, auditing, and compliance.
• Disclosed no relationship with Directors or KMP.

Financial highlights

• Net revenue from operations for quarter ended 30-Jun-2026: 128893.
• Other income: 1220.
• Total income: 130112.
• Cost of materials consumed: 87298.
• Change in inventories: 3866.
• Employee benefits expense: 12525.
• Finance costs: 13.43.
• Depreciation and amortisation expense: 84.
• Other expenses: 744.
• Profit before tax: 4263.
• Profit after tax: 10583.
• Earnings per share: Basic 14.5; Diluted 14.5.
• Board approved results on 12 August 2026; standalone results.
• Auditor's report: unmodified.
• Single primary business segment.

Debt & capital metrics

• Loans outstanding: 908.09; defaults: 0.
• Total financial indebtedness: 908.09.

Financial results

• Un-audited standalone Q1 FY2026 results approved for quarter ended 30 June 2026.
• Limited review report by KASG & Co on Q1 FY2026 results received.
• Declaration under Reg 33 of LODR submitted.
• Integrated filing (financial) for quarter ended 30 June 2026 submitted.

Governance actions

• Shweta Nathani re-appointed as Independent Director for five years.
• Board approved the Board Report for year ended 31 March 2026.
• 34th AGM scheduled for 30 September 2026 at 10:00 AM.
• Scrutinizer appointed: Mehak Gupta & Associates for AGM.
• RTA for e-voting: NSDL and MAS Services Limited.
• Cut-off date for voting: 23 September 2026.
• Internal Auditor appointed: Pardeep Singh for 2026-27.
• Internal Auditor appointment effective 12 August 2026.

Auditor & compliance notes

• Statutory auditors expressed unmodified opinion on results.
• MD and CFO certified accuracy of results under Regulation 33.
• Review report notes no material misstatement.