Jainco Projects India Ltd

AGM Details

• AGM held Sept 30, 2026 via VC/OAVM; deemed venue registered office; 11:00–12:10 IST.

Resolutions

• Adoption of Audited Standalone Financial Statements for FY 2025-26 (ordinary).
• Re-appointment of Sumit Bhansali as Director liable to retire by rotation (ordinary).

Voting Status

• Voting results to be communicated within 48 hours along with Scrutinizer’s Report.

Director Changes

• Sumit Bhansali re-appointed as director liable to retire by rotation.

CIRP status

• CIRP initiated under Section 7 has been withdrawn; final order awaited from NCLT.

Financial snapshot

• Total income rose to Rs 75.47 lakhs in 2026 from Rs 73.30 lakhs in 2025.
• Revenue from operations: Rs 30.34 lakhs (net of GST) in 2026.
• Profit after tax: Rs 0.69 lakhs for the year.
• Earnings per share (basic): Rs 0.01.
• Dividend for FY2025-26: not recommended.
• Net surplus in P/L including brought forward: Rs 53.12 lakhs.
• Total equity stood at Rs 1,066.37 lakhs.
• Total assets: Rs 1,362.93 lakhs.
• Current ratio: 2.29x; Debt-equity: 0.27x.

Profitability & cash flow

• PBIT before interest, depreciation and tax: Rs 54.43 lakhs.
• Interest/finance cost: Rs 52.92 lakhs; depreciation: Rs 0.62.
• Profit before tax: Rs 0.89 lakhs; tax: Rs 0.20.
• Net cash flow from operating activities: Rs 1,616.60 lakhs.
• Cash flow from financing: Rs -1,679.20 lakhs.

Capital structure & liquidity

• Subscribed and paid-up equity capital: Rs 1,000 lakhs.
• Total equity: Rs 1,066.37 lakhs; reserves 66.37.
• Short-term borrowings: Rs 288.69 lakhs; total assets: Rs 1,362.93 lakhs.
• Cash and cash equivalents: Rs 0.44 lakhs; current liabilities: Rs 296.56 lakhs.
• Current ratio 2.29x; debt-equity 0.27x.

Governance & board changes

• Board comprises MD Sumit Bhansali and independent directors Pushpa Nahata, Udit Maloo.
• Rekha Chakraborty ceased 01-10-2025; Nahata and Maloo appointed in 2025.
• 35th AGM on 30 Sep 2026; Sumit Bhansali up for re-appointment.
• Audit Committee chaired by Pushpa Nahata; four meetings held.
• Secretarial audit by DKS & Co; several compliance observations recorded.

Audits & controls

• Independent Auditors noted no material qualifications; Emphasis on litigation and sub judice matters.
• Internal controls found adequate and operating; ICFR report unmodified.
• SDD compliance flagged as non-conclusive due to data limitations.
• Website disclosures, notices, and filings observed with gaps; corrective actions planned.

Risks, litigation & regulatory

• NCLT Kolkata CIRP for Rs 12.63 crore; company contesting.
• Litigations ongoing; impact on assets/receivables uncertain; disclosures noted.
• Delisting from Calcutta Stock Exchange pending; SEBI listing compliance issues observed.

AGM, notices & disclosures

• AGM via VC/OAVM; notices and annual report circulated electronically.
• Cut-off date 23 Sep 2026; voting 27-29 Sep 2026.
• General Meeting scheduled for 30 Sep 2026 at 11:00 AM.

Other material notes

• Over 91% of shares dematerialised; physical transfers not processed.
• Related party transactions disclosed; no material RPT identified.
• Remuneration to CS as per related party notes: Rs 0.75 lakh (2026) and Rs 1.41 lakh (2025).

Meeting details and agenda

• Board meeting rescheduled from 1 September 2026 to 4 September 2026.
• Meeting to be held at the company's registered office.
• To approve the AGM notice and AGM-related businesses.
• To consider continuation/re-appointment/change of Statutory Auditor.
• To consider continuation/re-appointment/change of Directors and CFO.
• To consider appointment of Directors and Scrutinizer; approve AGM voting schedule and mode.
• To consider other general operational and business matters.
• To consider any other matter with the permission of the Chair.

Non-applicability under Reg 32

• No unutilized funds raised; deviation/variation statement not applicable.

Financial results approved

• Unaudited standalone results for quarter ended 30 Jun 2026 approved.
• Revenue from operations: ₹7.87 lakhs; profit after tax: ₹0.26 lakhs (quarter).
• Limited review by statutory auditor; results approved by board.
• Regulatory note: no unutilized funds; deviation report not applicable.
• Investor complaints: none pending at 30 Jun 2026.
• Company reports no separate segment; only standalone figures disclosed.

Audit/review and regulatory disclosures

• Independent Auditor's Review Report issued; no audit opinion expressed.
• Some creditor charges disputed; no provision recognized.
• Statement of deviation under Regulation 32 not applicable.

Governance/board actions

• Audit Committee and Board approved the results on 14 August 2026.

Meeting Details

• Date: 1 September 2026; Venue: registered office, Kolkata; Time not disclosed.

Key Agenda Items

• Consider and approve the Notice of AGM.
• Consider business to be transacted at the AGM.
• Nomination for continuation/reappointment/change of Statutory Auditor.
• Nomination for continuation/removal/reappointment/change of Directors.
• Nomination for continuation/reappointment/change of CFO.
• Nomination for appointment of Director.
• Approve AGM voting schedule and method.
• Appoint Scrutinizer for AGM voting.
• Other general operational and business discussion.
• Any other matter with chair's permission.

Other Notes

• Trading window closure period not specified.

Meeting details and agenda

• Board meeting scheduled for 14 August 2026 at the registered office.
• Agenda includes approval of unaudited financial results for the quarter ended 30 June 2026 and other matters.
• Unaudited results to be considered pertain to the quarter ended 30 June 2026.
• Trading window remains closed for designated persons until 48 hours after results disclosure.

Compliance update

• Confirmation Jainco Projects India Ltd is not identified as a Large Corporate as of 30 June 2026.
• Non-applicability relates to SEBI circular dated 26 November 2018 on debt securities fundraising.

Exemption under Regulation 15(2) LODR

• Regulation 15(2) exemption applies; LODR provisions 17–27 not applicable.
• Paid-up capital: Rs 10.00 Cr; net worth: Rs 10.66 Cr; within limits.
• Corporate Governance (Reg. 27) and related provisions exempt.
• No non-compliances, regulatory actions, or disclosures reported.