Jeet Machine Tools Ltd

AGM Details

• AGM held on 28 September 2026 at 4:05 PM via VC/OAVM.
• Record date for voting rights: 21 September 2026.
• Meeting duration: 4:05 PM to 4:20 PM.
• Total shareholders on record: 117.

Key Resolutions

• Resolution 1: Adopt Audited Standalone Financial Statements approved.
• Resolution 2: Director appointed by rotation re-appointment approved.

Voting Results

• Resolution 1 passed with 100% in favour.
• Resolution 2 passed with 100% in favour.

Dividend

• No dividend proposed or declared at the AGM.

Director Changes

• Rajkaran J. Chawla retires by rotation; re-appointment approved.

AGM Details

• 41st AGM held on 28 September 2026 at 4:05 PM IST via VC/OAVM.
• Remote e-voting from 25 Sep 2026 09:00 IST to 27 Sep 2026 17:00 IST.
• No physical attendance; proxies not applicable.
• Meeting concluded at 4:20 PM IST.

Key Resolutions

• Ordinary: Adoption of audited financial statements for year ended 31 March 2026.
• Ordinary: Re-appointment of Rajkaran J. Chawla on rotation basis.

Voting Results

• Results to be declared after Scrutinizer's report.

Dividend

• Dividend: not proposed at this AGM.

Director Changes

• Director Rajkaran J. Chawla to be re-appointed.

Jeet Machine Tools Ltd — Trading Window closes from Oct 1, 2026 until 48 hours after the declaration of Un-audited Financial Results for the Second Quarter and Half Year Ended September 30, 2026

AGM / Notice

• 41st AGM on 28 Sep 2026 at 4:00 PM via VC/OAVM.
• Annual Report 2025-26 and AGM notice on company website.
• Remote e-voting from 25 to 27 Sep 2026; cut-off 21 Sep 2026.
• NSDL conducts e-voting; proxies not available due to VC/OAVM.
• Tasnim A. Sabuwala appointed Independent Director on 13 Aug 2025.
• Mohini Hingorani ceased Independent Director on 25 Nov 2025.

Financial snapshot

• Revenue from operations: 7.26 Lakh; Total income: 418.17 Lakh for FY2025-26.
• Profit after tax: 347.37 Lakh; OCI: -57.35 Lakh; total comprehensive income: 290.02 Lakh.
• Earnings per share (Basic/Diluted): 17.72 Rs.
• Current ratio: 8.08x; Net debt: (₹282.37) Lakh; Gearing: (0.60x).
• Total equity: 468.15 Lakh; Total assets: 513.99 Lakh.

Business activity & asset sale

• Core business: workshop machinery and sheet metal equipment; no change in scope.
• Sale of Mumbai property (1,459 sq m) for Rs 4.68 Crore.
• No subsidiary or joint venture; no change in group structure.
• Investments in equity shares disclosed; NFL and Salzer holdings notable.

Dividend & capital structure

• No dividend declared for the year; no transfer to general reserves.
• Equity share capital unchanged at Rs 19.6 million.
• Promoter holding at year-end: 72.44% (aggregate).

Governance & oversight

• Board meetings held four times in the year.
• Statutory auditors: Agrawal Jain & Gupta; no qualifications.
• Secretarial audit by B. R. Gharpure; Annexure II annexed.
• Audit, Nomination & Remuneration, and Stakeholders Relationship Committees in place.
• Board evaluation of performance conducted; independence declarations obtained.

Related party & compliance

• Related party transactions with enterprises under KMP influence, notably Quality Machine Tools.
• Purchases from Quality Machine Tools: Rs 2.76 Lakh.
• Lease charges to related party: Rs 1.14 Lakh.
• Director-level loan: Rs 2.25 Lakh received by company and repaid.
• Remuneration to KMP: MD Rs 6.50 Lakh; Company Secretary Rs 4.54 Lakh.

Controls, risk & compliance

• Internal financial controls deemed adequate and effective.
• Vigil mechanism/Whistle Blower policy in place.
• Management acknowledges Secretarial Standards gaps; plans corrective actions.
• BRR not applicable; company not in top 1000 listed entities.

AGM Details

• AGM on 28 September 2026 at 4.00 PM IST.
• Mode: VC/OAVM; venue deemed at registered office.
• Voting entitlement cut-off date: 21 September 2026.
• Remote e-voting period: 25–27 September 2026.

Resolutions

• Ordinary: Adoption of Audited financial statements for year ended 31 March 2026 and auditors' reports.
• Ordinary: Re-appointment of Rajkaran J. Chawla as director (retiring by rotation).

Director Appointment

• Director Rajkaran J. Chawla seeks re-appointment; DIN 02313404.

Financial performance

• Total income rose to ₹418.71 Lakh in FY2025-26 from ₹12.68 Lakh.
• Profit after tax of ₹347.37 Lakh; OCI ₹(57.35) Lakh; total comp income ₹290.02 Lakh.
• Revenue from operations was ₹7.26 Lakh; YoY decline from ₹8.50 Lakh.
• Total income includes property sale valued at ₹4.68 Crore (₹468.27 Lakh).
• Earnings per share: Basic and Diluted ₹17.72.
• Cash flow: OCF ₹(220.27) Lakh; investing ₹440.23 Lakh; net increase ₹219.96 Lakh; closing cash ₹282.37 Lakh.
• Dividend: No dividend declared for FY2025-26.
• Sale of property contributed to income; sale approved Feb 14, 2025 and by postal ballot on Apr 2, 2025.
• There are no subsidiary companies; core business activities unchanged.

Capital structure & liquidity

• Equity share capital ₹196.00 Lakh; 1.96 million shares; face value ₹10.
• Total equity ₹468.15 Lakh; no long-term borrowings.
• Cash and cash equivalents ₹282.37 Lakh; fixed deposits ₹250.28 Lakh.
• Current liabilities ₹41.23 Lakh; promoter holding 72.44%.
• Net liquidity supported by strong cash reserves; no debt burden.
• Dividend policy: no dividend declared for the year.

Operations & business developments

• Business focuses on dealing in workshop and sheet metal machinery.
• Geographic reach spans Sri Lanka, Nepal, Bhutan, Germany, Bangladesh, Dubai, Kenya.
• No new subsidiaries; core business remained stable.
• Outlook emphasizes technology as a differentiator and long-term strategy.

Governance & risk management

• Board composition includes MD Kawaljit Chawla, ED Rajkaran Chawla, independent directors.
• Mohini Hingorani ceased as independent director on 25/11/2025; Tasnim Sabuwala appointed 13/08/2025.
• Audit Committee chaired by Harpreet Jaggi; other members include Tasnim Sabuwala and Kawaljit Chawla.
• Vigil mechanism and risk management policy in place; Sexual Harassment policy in effect with no complaints.
• SS-2 compliance observed as deficient; management to strengthen governance processes.

Audit & controls

• Statutory auditors: Agrawal Jain & Gupta; five-year term through 2026-27; unmodified opinion.
• Internal auditors: J S Bhatia & Co for 2025-26.
• Secretarial auditors: B. R. Gharpure & Associates; Annex II issued.
• Secretarial audit flagged SS-2 gaps, SDD weakness, and website updates required.
• Auditors note absence of material going-concern uncertainty.

Related party transactions

• Related party dealings with Quality Machine Tools; purchases ₹2.76 Lakh; lease ₹1.14 Lakh.
• KMP remuneration: Kawaljit Chawla ₹6.50 Lakh; Pooja Mishra ₹4.54 Lakh.
• Loans with KMP: ₹2.25 Lakh received; ₹2.25 Lakh repaid; year-end payable nil.
• Transactions are arm's length; disclosed in Note 26.

Dividend & shareholder matters

• 41st AGM to be held on 28 September 2026 via VC/OAVM.
• Remote e-voting from 25 to 27 September 2026; cut-off date 21 September 2026.
• Management Discussion & Analysis included; BRR not applicable; Nomination & Remuneration policy Annex I.

AGM Details

• AGM date/time/mode: 28 September 2026 at 04:00 PM via VC/OAVM.
• E-voting cut-off date: 21 September 2026.
• Book closure: 22 September 2026 to 28 September 2026 (inclusive).
• Remote e-voting window: 25 September 2026 09:00 to 27 September 2026 17:00.

Board approval & results

• Board approved standalone unaudited results for quarter ended 30 June 2026.
• Limited Review Report by Agrawal Jain & Gupta accompanies the results.
• Results will be available on the company's website.
• Auditor states no material misstatement or undisclosed information.