Jindal Worldwide Ltd

Jindal Worldwide Ltd trading window closed from 01 October 2026 till 48 hours from the date of declaration of unaudited financial results for the Quarter/Half-year ending 30 September 2026

Amit Yamunadutt Agarwal – MD re-appointment

• Re-appointment of Amit Yamunadutt Agarwal as MD for (3 Sep 2026 to 2 Sep 2029), retirement by rotation.

Vikram Pushpak Oza – NED re-appointment

• Re-appointment of Vikram Pushpak Oza as Non-Executive Non-Independent Director, effective 01 Sep 2026, retirement by rotation.

AGM details

• Date and mode: 01 September 2026 at 3:00 PM IST via VC/OAVM.
• Record date: 25 August 2026; remote e-voting window: 29–31 August 2026.

Key resolutions

• Resolution 1: Adopt the financial statements, Board's Report, and Auditors' Report.
• Resolution 2: Reappoint Vikram Pushpak Oza as Non-Executive Non-Independent Director.
• Resolution 3: Ratify remuneration of cost auditors for FY 2026-27.
• Resolution 4: Reappoint Amit Yamunadutt Agarwal as Managing Director.
• Resolution 5: Increase authorized share capital and alter MOA.

Voting results

• Resolution 1 passed; in-favour 99.95%.
• Resolution 2 passed; in-favour 99.92%.
• Resolution 3 passed; in-favour 99.85%.
• Resolution 4 passed; in-favour 99.88%.
• Resolution 5 passed; in-favour 99.95%.

Dividend

• No dividend declared or proposed.

Directors

• Vikram Pushpak Oza reappointed as Non-Executive Director.
• Amit Yamunadutt Agarwal reappointed as Managing Director.

Auditors

• Cost auditors' remuneration ratified for FY 2026-27.

Material related party transactions

• No material related party transactions approved.

Other material approvals

• Special resolution to increase authorised share capital and alter MOA.

AGM Details

• Date and mode: 01 Sep 2026, 3:00 PM IST via VC/OAVM.
• Duration: 3:00 PM to 3:38 PM IST.

Ordinary Business Resolutions

• Adopt FY2025-26 financial statements, Board's Report, and Auditors' Report.
• Re-appoint Vikram Pushpak Oza as Non-Executive Non-Independent Director.

Special Business Resolutions

• Ratify remuneration of Cost Auditors for FY2026-27.
• Re-appoint Amit Yamunadutt Agarwal as Managing Director.
• Increase authorised share capital and amend MOA capital clause.

Voting & Proceedings

• Remote e-voting held Aug 29–31, 2026; results to be intimated to exchanges and uploaded.
• Gist of Proceedings; not the minutes.

Director Changes

• Vikram Pushpak Oza re-appointed as Non-Executive Non-Independent Director.
• Amit Yamunadutt Agarwal to continue as Managing Director.

Capital & Charter Updates

• Increased authorised share capital; MOA capital clause amended.

Expansion plan

• Plan to expand to about 100 showrooms by FY28, ~40 by FY27.
• Ahmedabad manufacturing facility already operational.
• Showrooms opened in Srinagar and Jaipur (2).
• 52 dealers appointed nationwide; distribution network expanding.
• Target ~40 showrooms by end FY27, ~100 by end FY28.

Parties involved

• Jindal Worldwide Limited; M/s Jindal Mobilitric Private Limited; M/s JIO Credit Limited.

Purpose

• Grant of corporate guarantee for credit facilities availed by Jindal Mobilitric Private Limited.

Key terms

• Guarantee amount of Rs 15 crore in favour of JIO Credit Limited.
• Guarantee issued by Jindal Worldwide Limited.
• JIO Credit Limited is not a related party.
• Promoter group subsidiary guarantee; arrangement at arm's length.
• Contingent liability in the company's books; no immediate cash outlay.
• Guarantee executed on 29 August 2026; Operational Committee approved 25 August 2026.

Related party status

• The guarantor is a promoter group subsidiary of Jindal Worldwide Limited.
• Transaction is at arm's length.

Impact and disclosures

• Creates a contingent liability; potential impact on leverage metrics.
• Regulatory disclosure under Regulation 30; no management changes disclosed.

Volume increase clarification

• All material events have been disclosed; no pending information under SEBI LODR.
• There is no internal matter affecting operations or performance.
• Volume increase is market-driven and due to prevailing market conditions.
• No new announcements or events disclosed.