Jai Balaji Industries Limited has informed the Exchange about change in Management
JAIBALAJI · price
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Jai Balaji Industries reported audited Q4 and full year FY2026 results. Total income for the year was ₹5,820.59 crore, down from ₹6,418.46 crore in the previous year. Net profit after tax fell significantly to ₹129.95 crore from ₹557.88 crore in FY2025, largely due to lower revenue and higher input costs. EPS for the year was ₹1.42 versus ₹6.25 previously. The Board approved appointment of M/s Agrawal Tondon & Co. as the new internal auditor for FY2026-27, replacing the previous firm. Additionally, Shri Sanjiv Jajodia was re-appointed as Whole Time Director for another 3 years from June 30, 2026, subject to shareholder approval. Sanjiv Jajodia is the brother of existing Whole-time Director Rajiv Jajodia, indicating continued promoter family control on the board. Statutory auditors Das & Prasad issued an unmodified (clean) opinion on the financials.
The steep decline in profitability (down 77% YoY) is a concern for shareholders, indicating pressure on margins amid challenging market conditions. The clean audit opinion provides assurance on financial reporting quality. The continuation of promoter family leadership through the director re-appointment maintains status quo in management.