Annual report for the Financial year 2024-25
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Jai Mata Glass Ltd has announced its 45th Annual General Meeting to be held on Monday, 8th September 2025 at 1:00 PM at its registered office in Solan, Himachal Pradesh. The Register of Members and Share Transfer Books will remain closed from 2nd to 8th September 2025, with the cut-off date for e-voting eligibility set as 1st September 2025. Remote e-voting will be open from 5th September (9 AM) to 7th September (5 PM). The AGM will consider adoption of FY25 audited financials, appointment of statutory and secretarial auditors for a 5-year term, regularization of Mr. Inesh Marwah as Non-Executive Director, and appointment of Mrs. Anu Marwah as Managing Director for 5 years from July 2025 to July 2030. The company reported total income of Rs. 79.97 lakhs but slipped into a net loss of Rs. 50.66 lakhs in FY25, compared to a profit of Rs. 1.55 lakhs in FY24, mainly due to a current tax provision of Rs. 92.75 lakhs.
The net loss and absence of dividend are minor negatives, but the high current tax charge despite low operating profits is worth flagging for shareholders. The passing away of former Managing Director Mr. Chander Mohan Marwah and the elevation of his wife to Managing Director with their son as Director signals a family-led succession at the top, which shareholders will need to monitor closely.