Outcome of Board Meeting.
JAICORPLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jai Corp Limited reported FY2025-26 audited results with standalone revenue from operations at Rs 50,387 lakh (vs Rs 51,195 lakh prior year, slight decline) while standalone PAT jumped to Rs 16,339 lakh from Rs 7,171 lakh - a 128% increase. Consolidated PAT was Rs 16,927 lakh vs Rs 6,847 lakh. The board recommended a final dividend of Rs 0.50 per share on 17,55,04,995 equity shares. The standalone audit received an unmodified opinion, but the consolidated audit contains a qualified opinion due to: (1) one associate (Urban Infrastructure Holdings Private Limited) whose financial information is not available with the company, and (2) Rs 2,147 lakh interest accrued on intercorporate deposits overdue for substantial period with legal proceedings initiated by a subsidiary. Additionally, a wholly-owned subsidiary (Urban Infrastructure Venture Capital Limited) has investments frozen by the Directorate of Enforcement investigating alleged money laundering. Directors re-appointed include Vice Chairman Mr. Virendra Jain and Executive Director Mr. Dinesh D. Paliwal for 3 years from April 2027.
Strong profitability improvement with PAT more than doubling year-on-year. However, the qualified audit opinion on consolidated results and ongoing legal/recovery issues (Rs 2,147 lakh overdue ICDs, frozen investments) present contingent risks that investors should monitor.