Jai Mata Glass Ltd

AGM Details

• Held on 29 Sep 2026 at 12:00 IST at registered office (physical meeting).
• Remote e-voting from 26 Sep 2026 09:00 IST to 28 Sep 2026 17:00 IST.
• Meeting concluded at 1:20 PM IST.
• Cut-off date 22 Sep 2026; shareholders on record: 34,509.

Key Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026.
• Re-appoint Mr. Inesh Marwah as Director; retires by rotation.
• Appoint Khushal Joshi & Associates as Secretarial Auditor for five years (to 2030).

Voting Results

• Consolidated Scrutinizer’s Report and results to be submitted to exchanges and posted online.

Director Changes

• Re-appointment of Mr. Inesh Marwah as Director (retiring by rotation) proposed.

Auditor Appointments

• Secretarial Auditor appointed: Khushal Joshi & Associates for five years.

Jai Mata Glass Limited – trading window closed from 01 October 2026 till 48 hours after the declaration of unaudited standalone financial results for the quarter and six months ended September 30, 2026

Open offer overview

• Open offer for up to 26,000,000 equity shares opened Aug 21, 2026.
• Offer price INR 1.85 per share; payment due Sep 10, 2026.
• Aggregate tendered shares: 26,000,000; actual tendered 1,084; accepted 1,084.
• Offer size based on actuals: INR 2,005.40.
• Acquirers held 4,45,65,460 shares (44.57%) via agreements pre-offer.
• Post-offer holding with PAC: 4,45,66,544 shares (44.57%).
• Proposed post-offer stake: 70.57%; actuals reflect 44.57%.

Book closure and voting details

• AGM date and time: 29 September 2026 at 12:00 PM (physical meeting) at registered office.
• Book closure period: 23 September 2026 to 29 September 2026, both days inclusive.
• Purpose: book closure for the 46th Annual General Meeting.
• Cut-off date for voting eligibility via remote e-voting: 22 September 2026.
• Remote e-voting period: 26 September 2026, 9:00 AM to 28 September 2026, 5:00 PM IST.
• Security affected: equity shares and preference shares.

Financial snapshot

• Sales from operations: 10.85 Lacs, down from 43.33 Lacs.
• Total income: 15.08 Lacs; expenses: 36.60 Lacs; loss before tax: 21.52 Lacs.
• Net loss after tax: 21.52 Lacs; EPS: -0.022.
• Tax expense nil; no MAT credit; no dividend declared.
• Two-year trend: revenue fell sharply; profitability deteriorated.
• Cash & cash equivalents: 26.64 Lacs; fixed deposits: 150 Lacs.
• Total assets: 198.24 Lacs; total equity: -806.06 Lacs.

Operations & business developments

• Selling agency business ceased during the year; pursuing new opportunities.
• Company aims to improve efficiency and growth through new lines.
• Going concern basis maintained; exploring strategic options.

Capital structure & shareholder info

• Authorized capital: Rs 11.75 Cr; paid-up equity: Rs 10 Cr.
• Promoter group holds about 44.56%; public 55.44% of equity.
• Promoter group to sell stake; change in control anticipated pending approvals.
• Open offer to public under SEBI regulations; valid till Sept 4, 2026.

Governance & leadership

• Chander Mohan Marwah (MD) passed away on 28 May 2025.
• Anu Marwah appointed Executive & MD from 9 July 2025.
• Inesh Marwah appointed Non-Executive Director from 9 July 2025.
• CFO vacancy; Aashish Gupta appointed 1 June 2026.
• Secretarial Auditor appointed for 2026-27 to 2030-31; Board approvals obtained.
• Board met 7 times; 2 Independent Directors on the Audit Committee.

Audit, governance & controls

• Independent Auditor's Report: no qualifications.
• Internal financial controls adequate; audit trail maintained in accounting software.
• Secretarial Audit noted two-day delay in board meeting minutes signing.
• Company complied with Secretarial Standards; governance reports included.

Liquidity & cash flow

• Net cash from operating activities Rs 165.38 Lacs.
• Net cash used in investing activities Rs 145.99 Lacs.
• Net cash flow positive; no material debt drawn during year.

Significant risk & outlook

• Single operating segment; core business is glass trading/sales agent.
• Promoter sale and regulatory approvals introduce uncertainty; opportunities pursued.
• Going concern presumed; liquidity monitored.

Annual meeting & notices

• Forty-sixth AGM on 29 September 2026 at registered office.
• Remote e-voting available; proxies and notices described.

AGM Details

• 46th AGM on 29 Sep 2026 at 12:00 PM IST, at registered office.
• Mode: physical meeting.
• Book closure: 23–29 Sep 2026 (inclusive).
• Remote e-voting: 26–28 Sep; cut-off 22 Sep.

Resolutions

• Ordinary: Adoption of standalone financial statements for FY 2025-26.
• Ordinary: Re-appointment of Inesh Marwah by rotation.
• Ordinary: Appoint Khushal Joshi & Associates as Secretarial Auditor for 2026-31.

Voting & Results

• Voting results not disclosed in this filing.

Dividend

• Dividend: No dividend recommended for 2025-26.

Director Changes

• Chander Mohan Marwah, former MD, expired 28 May 2025.
• Anu Marwah appointed Executive MD from 9 Jul 2025.
• Inesh Marwah appointed Non-Executive Director from 9 Jul 2025.

Auditors

• Statutory auditors: M/s Khiwani Sood & Associates; term 2025-26 to 2029-30.
• Secretarial Auditor: M/s Khushal Joshi & Associates; 2026-27 to 2030-31.
• Remuneration to be mutually decided.

Related Party Transactions

• Related party transactions were in ordinary course; no material RPTs.
• RPT policy available on company website.

Other Material Matters

• Promoter group signed SPA for sale; open offer to public.
• Open offer period until 4 Sep 2026.

Auditor appointment withdrawal

• Proposed appointment of KTM & Company as statutory auditors is withdrawn; not to be presented at AGM.
• Existing statutory auditors Khiwani Sood & Associates continue to hold office.
• Clarification issued to reflect withdrawal of audit appointment proposal as per board outcome dated Sept 1, 2026.

Statutory Auditor Appointment

• Appointment of M/s KTM & Company as Statutory Auditor.
• Effective from 01 Sep 2026 for five consecutive years FY 2026-27 to FY 2030-31.
• Profile: peer-reviewed Mumbai CA firm with tax, assurance, regulatory expertise.
• Not related to any director or KMP.
• The firm is not debarred and eligible for appointment.
• Appointment subject to shareholders' approval at AGM.

Secretarial Auditor Appointment

• Appointment of M/s Khushal Joshi & Associates as Secretarial Auditor.
• Effective from 01 Sep 2026 for five-year term FY 2026-27 to FY 2030-31.
• Profile: professional, peer-reviewed company secretaries firm; Mr. Khushal Joshi ICSI member.
• Not related to any director or KMP.
• Not debarred; eligible for appointment.
• Subject to shareholders' approval at AGM.