Jindal Worldwide Ltd

Financial performance

• Standalone revenue from operations: 221,991.93 Lakhs (0.16% YoY).
• Consolidated revenue from operations: 2,29,500.52 Lakhs.
• Standalone EBITDA: 13,416.79 Lakhs; EBITDA margin 5.53%.
• Consolidated EBITDA: 14,380.22 Lakhs.
• Standalone PAT: 6,728.99 Lakhs.
• Consolidated PAT: 6,517.44 Lakhs to equity holders.
• Standalone EPS: 0.67; Consolidated EPS: 0.70.
• Export revenue: 21,433.01 Lakhs; exports share 9.93%.
• Dividend: no dividend declared for FY2025-26.
• Net debt: 17,640.89 Lakhs; net debt to equity 0.21x.
• Capital expenditure on PPE: additions of 2,395.25 Lakhs.
• Domestic revenue: 2,07,120.93 Lakhs; Export revenue 21,433.01 Lakhs.

Capital & corporate actions

• 40th AGM on 01 Sept 2026 via VC/OAVM.
• Authorized share capital raised to ₹146 crore.
• Rights issue up to ₹650 crore; capital clause amended.
• MD re-appointment and cost audit remuneration ratification.
• Dividend policy posted; no dividend for FY26.
• Bonus issue 2024-25: 4:1; 80,20,81,600 shares issued.

Business developments

• Textile core includes denim, bottom-weight fabrics, premium shirtings, dyed yarn.
• Electric mobility via Jindal Mobilitric; capacity target 2.5 lakh EVs/year.
• Earth Energy acquisition in 2022; brands RICCORA and LINEN GRAZIA launched.
• EV Volt Private Limited holds 84.94% stake; battery focus.
• Goodcore Spintex ceased as subsidiary; became associate Aug 6, 2025.
• Sustainability initiatives across textile operations.

Debt and liquidity

• Total borrowings ₹55,834.31 Lakhs; current ₹49,997.72; non-current ₹3,386.04.
• Net debt ₹17,640.89 Lakhs; net debt/equity 0.21x.
• Cash and cash equivalents ₹3,680.33 Lakhs.
• Cash flows: operating ₹14,251.27; investing ₹-3,322.02; financing ₹-9,913.03.
• Export and domestic turnover managed; leverage moderate.

Governance & leadership

• Board: 6 directors; 2 non-exec non-indep; 1 exec; 3 independent incl. 1 woman.
• MD Amit Yamunadutt Agarwal; CFO Vikram Oza; CS Ashish Thaker.
• Auditors: Statutory R. Choudhary & Associates; Secretarial SPANJ; Internal Jagdish Verma; Cost KVM.
• Board meetings: 7; Committees: Audit, Risk, NRC, Stakeholders, CSR, Operational.
• RPT delay fine of ₹11,900; resolved via filings with exchanges.
• Non-disqualification certificate; compliance with Code of Conduct.

ESG & CSR

• CSR spend ₹230.15 Lakhs; 2% average net profit ₹229.41; excess ₹0.74.
• CSR policy on website; CSR Committee monitors programs.
• BRSR Annexure-G; anti-bribery and conduct policies.
• Environment: solar energy; biomass for steam; ZLD water recycling.
• 100% training for Board, KMPs, and employees on policies.
• One woman director on board.
• Safety: PPE coverage; safety drills; no sexual harassment complaints.

Segmental performance & geography

• Textiles revenue ₹2,27,690.32 Lakhs; EVs ₹863.62 Lakhs; total ₹2,28,553.94.
• Domestic turnover ₹2,07,120.93; export ₹21,433.01.
• Major customers >10%: ₹36,381.99 and ₹36,363.64.
• Geography: India revenue dominates; exports 9.93% of turnover.
• EV segment growth opportunities in batteries and mobility.

Subsidiaries & group structure

• Planet Spinning Mills Private Limited: 100% subsidiary.
• Jindal Mobilitric Private Limited: 99.93% subsidiary.
• EV Volt Private Limited: 84.94% subsidiary.
• Goodcore Spintex Limited: associate; 48.99%; ceased as subsidiary Aug 2025.
• June Industries Limited: associate.

AGM details

• AGM scheduled for 1 September 2026 at 03:00 PM IST via VC/OAVM.
• Cut-off date for e-voting eligibility: 25 August 2026.
• Remote e-voting window: 29–31 August 2026.
• Book closure: 26 August to 1 September 2026 (inclusive).

Ordinary Business

• Agenda 1: Adopt standalone and consolidated financial statements for FY 2025-26.
• Agenda 2: Re-appoint Vikram Pushpak Oza as Non-Executive Non-Independent Director, retires by rotation.

Auditors

• Agenda 3: Ratify remuneration of cost auditors for FY 2026-27.
• Remuneration fixed at Rs 1,00,000 for M/s K.V.M & Co.

MD re-appointment

• Agenda 4: Re-appoint Amit Yamunadutt Agarwal as Vice-Chairman & Managing Director for three years.
• Remuneration up to Rs 25 Lakh per month (Rs 3 Crore per annum) within ceilings.

Capital increase & MOA amendment

• Agenda 5: Increase Authorized Share Capital and amend MOA Clause V.
• Increase from 101 Crore to 146 Crore, rights issue; ranking pari-passu.

AGM details

• 40th AGM on 1 September 2026 at 03:00 PM IST via VC/OAVM.
• Record date for e-voting eligibility: 25 August 2026.
• Remote e-voting window: 29 Aug 2026 09:00 AM to 31 Aug 2026 05:00 PM.
• Book closure: 26 August 2026 to 1 September 2026 (inclusive).

Ordinary business

• Agenda 01: Adopt standalone and consolidated financial statements for 2025-26.
• Agenda 02: Re-appoint Vikram Pushpak Oza as non-exec non-independent director.

Special business

• Agenda 03: Ratify cost auditors' remuneration for 2026-27 of ₹1,00,000.
• Agenda 04: Re-appoint Amit Yamunadutt Agarwal as Vice-Chairman & MD for 3 years; remuneration ₹25 Lakh/month.
• Agenda 05: Increase authorized share capital to ₹146 Crore and amend Clause V MOA.

Rights issue approval

• Board approves rights issue up to ₹650 crore for existing shareholders.

Use of proceeds and balance sheet

• Proceeds to strengthen balance sheet and target debt-free status by FY27.

Capital structure changes

• Shareholder consent sought for increase in authorised share capital.

Management outlook

• Deleveraging expected to improve credit profile and financial flexibility by FY27.

Fundraising via rights issue

• Board approves rights issue up to Rs 650 crore; record date to be notified, approvals required.

Increase in authorized capital

• Authorized capital raised to Rs 146 crore; MOA amended; subject to member approval.

MD re-appointment

• Amit Yamunadutt Agarwal re-appointed as MD (Vice-Chairman); appointment on 3 Sep 2026, subject to member approval.

AGM and notices

• 40th AGM scheduled for 1 Sep 2026 via VC/OAVM; draft notice approved.

Shareholder dates

• Cut-off date 25 Aug 2026; Register of Members closed 26 Aug–1 Sep 2026.

Securities Issuance Committee

• Constituted to determine rights-issue terms and conditions.

Other AGM disclosures

• Annexure A details rights issue; AGM notice and Board's Report approved.

Financial results

• Unaudited standalone quarterly results for quarter ended 30 June 2026 approved.
• Unaudited consolidated quarterly results for quarter ended 30 June 2026 approved.
• Limited Review Reports by statutory auditors accompanying the results.

Auditor & regulatory remarks

• Independent auditor's review found no material misstatement in the results.
• Results prepared in accordance with Ind AS and Listing Regulations.

Disposals & restructuring

• 30 June 2026: disposed 45% equity in EV Volt Pvt. Ltd; loss of control.
• EV Volt Pvt. Ltd ceased to be a subsidiary; now an associate.
• 31 March 2026: disposed 15% equity in EV Volt Pvt Ltd; retained control.
• 20 May 2025: disposed stake in June Industries Ltd; ceased to be an associate.
• 6 August 2025: disposed 51% stake in Goodcore Spintex Limited; lost control.

Regulatory / compliance

• Labour Codes notified; company expects no material impact; monitoring ongoing.

Other governance actions

• Board approved other businesses as per agenda.