Jyoti Ltd

Jyoti Ltd: Closure of Trading Window

AGM Details

• Date and time: 24 September 2026, 11:00 AM.
• Mode: VC/OAVM.
• Shareholders on record: 17,990; voting cut-off: 17 September 2026.
• Attendees: Promoters group 6, Public 49; total participants 55.

Resolutions and Voting

• Resolution 1: Adoption of financial statements; 12,096,664 in favour, 55 against.
• Resolution 2: Appointment of Shubhalakshmi Amin as Director; 12,096,543 in favour, 176 against.
• Resolution 3: Remuneration of Cost Auditors; 12,080,493 in favour, 55 against.
• Resolution 4: Sale/lease or disposal of undertakings; 12,096,564 in favour, 155 against.

Directors & Auditors

• Director appointed: Shubhalakshmi Amin (re-appointment).
• Cost Auditor remuneration ratified for FY ending 31 March 2027.

Email update

• Email ID updated from jyoti.chauhan@jyoti.com to acs@jyoti.com, effective 02 September 2026.
• No change to the other email address: vaibhav@jyoti.com.

AGM and compliance update

• 82nd AGM scheduled Sept 24, 2026 at 11:00 IST via VC/OAVM.
• Annual Report 2025-26 accessible via link on Jyoti's website; shared with members without registered email.
• Web-link containing Annual Report details sent to members without registered email as of 21 Aug 2026.
• Per SEBI Master Circular 2024-37, physical-holding shareholders must update PAN, KYC, and Nomination with RTA.
• KYC update forms ISR-1, ISR-2, ISR-3, SH-13, SH-14 available on MCS or Jyoti site.
• Reminder to update email address to receive documents; contact emails vaibhav@jyoti.com and mparase@mcsregistrars.com.
• Encourage physical holders to dematerialize securities; online services require updated details.

Book closure details

• Book closure: 18 September 2026 to 24 September 2026, both days inclusive.
• Purpose: 2nd AGM on 24 September 2026 via VC/OVAM.
• Security: Equity shares of Rs 10 each.
• AGM date: 24 September 2026.

AGM Details

• Date and time: 24 September 2026 at 11:00 a.m.; mode: VC/OAVM.
• Register of Members closed from 18 September 2026 to 24 September 2026 (inclusive).

Resolutions

• Item 1 (Ordinary): Adoption of Audited Financial Statements for year ended 31 March 2026.
• Item 2 (Ordinary): Re-appointment of Ms. Shubhalakshmi Amin, retiring by rotation.
• Item 3 (Ordinary): Ratification of cost auditors’ remuneration for FY 2026-27.
• Auditors and fees: RK Patel ₹50,000; Y.S. Thakar ₹25,000.
• Item 4 (Special): Authorize sale/lease/disposal of undertakings to non-related parties.
• Proceeds to be used for debt repayment and working capital.

Director Details

• Ms. Shubhalakshmi Amin to be re-appointed; Executive Director & CEO.
• Appointment date: 28 July 2025.
• Remuneration last drawn: Rs 44,86,602.
• Shareholding: 3,08,397 shares as of 31-03-2026.
• Relationship: Daughter of Rahul N. Amin and Tejal R. Amin.
• Experience: 17 years across software, manufacturing, education, and entertainment.

Financial highlights

• Revenue from operations stood at ₹27,653.40 lakh (Standalone) for FY2025-26.
• Operating EBITDA ₹2,318.31 lakh; margins improving year-on-year.
• Profit before tax ₹2,232.17 lakh (Standalone).
• Tax expense ₹453.55 lakh; net profit ₹1,778.62 lakh (Standalone).
• Consolidated net profit ₹1,804.84 lakh; EPS ₹7.82 (Consolidated).
• Dividend not declared for FY2025-26.
• Cash and cash equivalents ₹1,017.07 lakh; net cash from operations ₹1,560.29 lakh.
• Order book ₹272.36 crore; fresh orders ₹100.70 crore during year.
• JV Jyoti Sohar Switchgear LLC (Oman) 49% stake; equity method in consolidation.

Divisional performance

• Head Office turnover ₹147 Crores; focus on profitable execution.
• Switchgear sales ₹125.15 Crores, up 41% YoY.
• ECS division sales ₹4.50 Crores, up 36% YoY.
• Exports ₹3.20 Crores; major export to Oman.
• Orders include GETCO, IOCL, and infrastructure projects.
• O&M contracts: vertical turbine pumps for SAUNI and related schemes.

Capital and liquidity

• ARC borrowings ₹20,925 lakh; prior year ₹22,075 lakh.
• Promoter group pledge: 23.59% of equity.
• Dividend: not declared; no equity issue in year.
• Standalone CFO ₹1,560.29 lakh; Consolidated CFO ₹1,586.51 lakh.

Corporate actions and governance

• Ms. Shubhalakshmi R. Amin appointed Executive Director & CEO on 12 Feb 2026.
• MD remuneration ₹1,73,07,424; ED & CEO ₹44,86,602.
• Board: 6 directors; 2 Exec, 3 Independent; 7 Board meetings in year.
• Rare ARC shareholding: 59,63,636 shares (25.82%); listing with BSE pending.
• Postal ballot May 2025 ratified allotment; governance framework in place.

Audit and internal controls

• Statutory auditors: Amin Parikh & Co.; Secretarial: Ravi Kapoor & Associates.
• Internal financial controls are adequate and operating effectively.
• Secretarial audit: no qualifications; SEBI LODR compliance confirmed.
• Related party transactions are at arm's length and disclosed in notes.

Outlook and risks

• Outlook: positive EBITDA and net profit; emphasis on cash flow and cost control.
• Risks: raw material price volatility; funding access; skilled manpower.
• Government infra focus supports long-term demand for pumps, switchgear, and water solutions.

Other observations

• Consolidated JV Jyoti Sohar Switchgear LLC contributes via equity method; 49% stake.
• Management highlights leadership in lift irrigation and water supply sectors.

NCLT order details

• NCLT Chennai dismissed Jyoti Limited's Section 9 IBC CIRP application against Marg Limited.
• Quantum of claims: approximately ₹22.67 crores including interest.
• Order date: 07 August 2026; order uploaded to NCLT website on 28 August 2026.
• Operational creditor Jyoti Limited plans to appeal; no material immediate financial impact disclosed.
• Related party/promoter-group involvement: none disclosed.