Jiya Eco-Products Ltd

Jiya Eco-Products Ltd – Trading window closed from 1 October 2026 till 48 hours after declaration of Unaudited Financial Results for the Quarter and Half Year Ended 30 September 2026

AGM Details

• Adjourned 15th AGM held on 22 September 2026, 11:00–12:30 IST.
• Mode: Physical meeting at Pune, Maharashtra.
• Quorum initially lacking; proceedings commenced with available members.
• Remote e-voting window: 12–14 September 2026; Scrutinizer appointed.
• Two shareholders present constituted quorum.

Resolutions Passed

• Ordinary: Adopt standalone financial statements and reports — Passed unanimously.
• Ordinary: Adopt consolidated financial statements and auditors' report — Passed unanimously.
• Ordinary: Re-appoint director by rotation — Passed unanimously.
• Special: Borrowing powers under section 180(1)(c) — Passed unanimously.
• Special: Threshold for loans/guarantees, securities, investments under section 186 — Passed unanimously.
• Special: Transactions under section 185 — Passed unanimously.

Director Changes

• Director re-appointment by rotation approved.

AGM adjournment details

• Original AGM on 15 Sept 2026 at 11:00 IST was adjourned for lack of quorum.
• The meeting has been adjourned to 22 Sept 2026, 11:00 IST, at the same venue.
• Mode of adjourned AGM is physical, at the Pune address.

AGM book closure and e-voting

• Book closure for AGM from 09 Sep 2026 to 15 Sep 2026 (inclusive).
• Cut-off date for voting eligibility fixed at 11 Sep 2026.
• Remote e-voting period runs 12 Sep 2026 09:00 IST to 14 Sep 2026 17:00 IST.
• E-voting facility provided through Bigshare Services Pvt Ltd, the Company's Registrar and Transfer Agent.
• Register of Members and Share Transfer Books will remain closed during the period.

Financial performance

• Standalone Total Income: ₹0.00 Lakhs for FY2025-26; ₹2.66 Lakhs prior year.
• Consolidated Total Income: ₹0.00 Lakhs for FY2025-26; ₹2.66 prior year.
• Standalone PBT: ₹1,474.15 Lakhs; exceptional item ₹1,521.40 Lakhs recognized.
• Standalone Net Profit after tax: ₹1,474.15 Lakhs; reflects resolution-plan accounting effects.
• EPS (basic and diluted): ₹1,386.60; post capital reduction.
• Dividend not recommended for the year ended 31 March 2026.
• Capital reduction and fresh issue: 3,00,73,262 cancelled; 1,06,314 issued; 95% to promoter.
• Paid-up capital after issues: ₹1.063 crore; 1,06,314 shares of ₹100 each.
• Market: In-principle trading approval received Jan 13, 2026; trading pending.

Capital structure & restructuring

• Authorised capital ₹32,00,000 shares of ₹100; post- restructuring issued ₹1,06,314.
• Promoter holding post-restructure: 95% to RPK Green Energy LLP; others 5%.
• Non-bank borrowings: ₹403.99 Lakhs from related parties; no bank borrowings outstanding.
• Cash & cash equivalents: ₹10.08 Lakhs at 31 Mar 2026.
• Creditors: ₹41.54 Lakhs; Other current liabilities ₹1.27 Lakhs; Provisions ₹42.81 Lakhs.
• Unsecured loans: ₹403.28 Lakhs balances with KMP; Advances ₹112.41 Lakhs to KMP.

CIRP revival & management transition

• CIRP admitted 24-Apr-2023; Plan approved 11-Dec-2024 by NCLT.
• New management assumed control from April 2025 under CIRP.
• Assets derecognised; liabilities extinguished per Resolution Plan.
• Management to reassess assets and explore viable operations in 2026-27.
• Capital infusion by promoters to fund working capital until revenues resume.

Debt, liquidity & cash flows

• Bank borrowings: nil as of 31-Mar-2026.
• Unsecured related-party borrowings: ₹403.99 Lakhs.
• Cash flow: Operating outflow ₹16.74 Lakhs; investing inflows ₹30.52 Lakhs; financing outflow ₹434.42 Lakhs.
• Year-end cash and cash equivalents: ₹10.08 Lakhs.

Governance, audits, and compliance

• Board: 5 directors; 3 independent; 1 executive; 1 non-independent.
• KMP: Swapnil Mhaske as CFO; Mayura Tagare as Company Secretary & Compliance Officer.
• Statutory auditors: DRBSV & Associates; Secretarial auditors: S D Kolhe & Co.
• Internal audit: not appointed in 2025-26; appointed 29 May 2026.
• Emphasis of Matter: impairment of assets and derecognition under CIRP.
• IRP transition and governance changes aligned with CIRP Plan.

Market listing & disclosures

• In-principle stock exchange approval received Jan 13, 2026; trading awaiting.
• AGM: 15 Sept 2026; remote e-voting 12-14 Sept 2026; AGM Sep 15.
• MR-3 non-compliance noted; website updates and regulatory filings being addressed.

Related party transactions & ownership

• Related parties include KMP and RPK Green Energy LLP.
• Balances outstanding: KMP unsecured loan ₹403.28 Lakhs; advances ₹112.41 Lakhs.
• Promoter ownership after restructure: 95%.

AGM details

• Date & time: 15 September 2026, 11:00 AM IST.
• Mode: Physical AGM with remote e-voting and VC/OAVM option.
• Record date for voting: 11 September 2026.
• Book closure: 9–15 September 2026.
• Venue: Pune, Maharashtra (address stated in notice).

Ordinary resolutions

• Adopt standalone financial statements for FY ended 31 March 2026.
• Adopt consolidated financial statements for FY ended 31 March 2026.
• Re-appoint Rajashri Khandagale (DIN 02545231) on rotation.

Special resolutions

• Borrowing limit up to Rs 50 crore beyond paid-up capital and free reserves.
• Loans/guarantees/securities and investments under section 186 up to Rs 50 crore.
• Loans/guarantees/securities to group entities under section 185 up to Rs 50 crore.

Director changes

• Rajashri Khandagale to be reappointed; Non-Executive, spouse of Whole-Time Director.

Material related party transactions

• RPT context: approvals for loans/guarantees/securities/investments to group entities up to Rs 50 crore.

Key Decisions

• Register and share transfer books closed 9–15 Sep 2026 for 15th AGM.
• AGM scheduled for 15 Sep 2026 at Madhav Baug, Shivtirth Nagar, Pune.

Key outcomes

• Unaudited standalone results approved for quarter ended 30 June 2026; Limited Review attached.
• No consolidated results for quarter ended 30 June 2026 due to impairment and CIRP impacts.
• Impairment per Ind AS 36: investments Rs 283.40 L, land Rs 331.27 L, CWIP Rs 140.11 L.
• Promoter acquired company via CIRP under NCLT order dated 11 December 2024; no extension to subsidiaries.
• Authorised capital consolidated to 3.20 lakh shares of Rs100; paid-up capital reduced to NIL.
• Fresh issue of 1,06,314 shares of Rs100; 95% to resolution applicant; 5% to existing shareholders.
• Share capital reduction adjusted against retained earnings; post-resolution equity shares Rs100 each.
• Liabilities under resolution plan extinguished; no further outflow expected; creditors settled using Rs 491 Lakh.
• Sale of Ahmedabad flat completed on 17 April 2026.
• Scrutinizer appointed: Satish D. Kolhe; to supervise e-voting at the 15th AGM.
• RTA appointed: Big Share Services Private Limited for remote e-voting at AGM.