Jainex Aamcol Ltd

AGM Details

• Held on 03 September 2026 at 12:00 p.m. through VC/OAVM.
• Meeting commenced at 12:15 p.m.
• Quorum present; voting via remote e-voting and Instameet.

Ordinary Business: Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026; approved with requisite majority.
• Re-appoint Bharati Bafna as Director by rotation; approved with requisite majority.

Use of funds under Right Issue

• Purpose: Quarterly statement confirms no deviation in use of funds.
• Fund-raising mode: Right Issue.
• Amount raised and allotment date disclosed in filing.
• Monitoring agency involvement: applicable; name not disclosed.
• Deviation status: No deviation reported.
• Audit Committee: no comments; Auditors: no comments.
• Utilisation status: Funds utilised as per board resolutions; no deviation.

Issue Overview

• Rights issue of equity shares; proceeds adjusted due to unpaid balance and loan offsets.
• Total issue size reported; net proceeds revised due to adjustments against loans.
• Main objects: partially fund expansion program.
• Repayment of unsecured loans availed to fund expansion.
• Repayment of secured loans availed to fund expansion.
• Issue-related expenses funded; surplus redirected to expansion program.
• Cost revisions: funds reallocated across objects.
• Timeline revision approved; utilization extended to April 30, 2026.
• No deviation from stated objects.

Utilisation of Proceeds

• Utilisation not fully as per offer document; one object delayed.
• Means of finance changed; funds reallocated among objects.
• Surplus from issue expenses redirected to expansion program.
• All proceeds utilised; no unutilised funds at quarter end.
• Object-wise status: expansion partially funded; unsecured loan repayments fully completed; secured loans part funded.
• Two-day delay due to year-end bank holidays; payment executed April 2, 2026.
• Issue-related expenses: some reallocation; reimbursement verified by management.

Governance and Compliance

• Board resolutions approved cost revisions and reallocation.
• Shareholder approvals not applicable; statutory approvals deemed not required.
• All approvals documented; no material regulatory actions.
• No material events affecting viability reported.
• No conflicts of interest identified.

GCP

• GCP not applicable.

Financial results and audit status

• Unaudited standalone results for quarter ended June 30, 2026 approved by Board.
• Limited Review Report on results issued with unmodified opinion.
• Single segment operation; no subsidiary; consolidation not required.
• Audit Committee reviewed the results and Board approved at Aug 7, 2026 meeting.

Financial performance

• Revenue from operations: ₹2,671.16 Lakhs.
• Total revenue: ₹2,694.53 Lakhs.
• EBITDA: ₹380.25 Lakhs.
• Interest: ₹62.29 Lakhs; Depreciation: ₹118.25 Lakhs.
• Profit before tax: ₹199.71 Lakhs; Current tax: ₹37.21 Lakhs; Deferred tax: ₹23.35 Lakhs.
• Profit after tax: ₹139.15 Lakhs; EPS (Basic/Diluted): ₹8.05.

Capital structure & shareholding

• Rights issue: 7,48,169 shares allotted Dec 1–10, 2025 at ₹120 each.
• Equity capital after rights: ₹224.76 Lakhs; total equity: ₹1,737.97 Lakhs.
• Dividend for 2025-26: not declared.
• Promoter/major holdings: Jainex Foods Pvt Ltd 30.13%; promoter group 51.46%.

Expansion & capital expenditure

• Expansion project substantially completed; increases capacity and product range.
• New products: Shaper Cutters, Master Gears, Skiving Cutters.
• Capex: 4 overseas machines and 2 CNC machines; ~₹10 Crores.
• Civil works completed; trial production done; phased commercial production underway.

Governance & board

• Board meetings held: 10 during the year.
• Daljeet Saluja appointed Independent Director from 01-Apr-2025; Misra and Motwani reappointed.
• Audit Committee and NRC reconstituted with Misra (Chair), Saluja, Motwani.
• POSH committee formed; Chair Bharati Bafna with two employees.

Audit & internal controls

• Statutory auditors: M/s R K Jagetiya & Co; term 2023-28.
• Auditor’s report: no adverse remarks or qualifications.
• Internal financial controls: adequate; no material weaknesses observed.

Operations & segment performance

• Gear Hobs: ₹1,786.43 Lakhs; Milling Cutters: ₹480.85 Lakhs; Spline Gauges: ₹179.01 Lakhs.
• Total segment revenue: ₹2,446.29 Lakhs; exports: ₹540.25 Lakhs.
• Productivity improvements and safety measures implemented.

Risk, industry outlook & planning

• Growth drivers: autos, industrial automation, Make in India, PLI; export opportunities.
• Threats: competition, raw-material prices, FX volatility, geopolitical risks.
• Mitigation: technology upgradation, product diversification, cost controls, strengthened supply chain.
• Outlook: AMP 2047 planning underway; poised for long-term growth.

Liquidity & cash flows

• Closing cash balance: ₹141.18 Lakhs.
• Operating cash flow: ₹426.91 Lakhs.
• Investing cash flow: ₹-1657.56 Lakhs.
• Financing cash flow: ₹1316.30 Lakhs; net increase ₹85.65 Lakhs; opening ₹55.53 Lakhs; closing ₹141.18 Lakhs.

Dematerialisation status and listing

• Dematerialisation requests processed; mutilated and cancelled certificates verified.
• Depositories substituted as registered owner in records within prescribed timelines.
• Securities dematerialised listed on stock exchanges where original securities are listed.
• RTA confirmed dematerialisation; securities listed accordingly.

🗓️ Meeting Details

• Board meeting scheduled for February 13, 2026, at the registered office in Aurangabad.

📊 Key Agenda Items

• Approval of unaudited financial results for the quarter and nine months ended December 31, 2025.