1. Appointment of Internal Auditor for FY- 2026-27. 2. Re-appointment of Shri Sanjiv Jajodia (DIN: 00036339) as the Whole Time Director of the Company.
JAIBALAJI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jai Balaji Industries' Board approved audited Q4 and FY26 results showing Total Income of Rs 5,820.59 crore (down from Rs 6,418.46 crore in FY25) and Net Profit of Rs 129.95 crore, a steep decline from Rs 557.88 crore in the previous year—approximately 77% drop. EPS fell to Rs 1.42 from Rs 6.25. The company also appointed M/s Agrawal Tandon & Co. as Internal Auditor for FY26-27 and re-appointed Shri Sanjiv Jajodia as Whole Time Director for 3 years (effective June 30, 2026), subject to shareholder approval. Shri Sanjiv Jajodia is part of the Jajodia promoter family (brother of Whole-time Director Rajiv Jajodia). Exceptional items included Rs 3.31 crore from new labour codes. Statutory auditors gave an unmodified opinion.
The sharp decline in profitability is a concern for shareholders. The substantial reduction in cash reserves (from Rs 94.75 crore to Rs 1.94 crore) and ongoing debt levels warrant monitoring. The continuation of the Jajodia family in senior leadership provides stability but raises governance questions.