NOTICE is hereby given that the 59th ANNUAL GENERAL MEETING of JAIPAN INDUSTRIES LIMITED will be held at 17, Jai Villa Compound, Cama Industrial Estate, Walbhatt Road, Goregaon (East), ....
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Jaipan Industries Limited has submitted its Annual Report for FY2024-25 and issued notice for its 59th Annual General Meeting, scheduled for Tuesday, 30 September 2025 at 9:30 AM in physical mode at Goregaon (East), Mumbai. Key AGM agenda items include adoption of FY25 financial statements, re-appointment of Mr. Atin Jainarain Agarwal as director (retiring by rotation), approval of related party transactions for FY 2025-26, and appointment of M/s Shravan A Gupta & Associates as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) at Rs. 35,000 remuneration for FY26. The company's total revenue rose to Rs. 28.76 crore from Rs. 22.54 crore, swinging to a profit before tax of Rs. 23.59 lakh versus a Rs. 11.35 crore loss last year, which was largely due to an extraordinary Rs. 9.50 crore loss from a fire at the Vasai-Palghar plant on 9 January 2024. No dividend has been recommended, and the company qualifies for corporate governance exemptions due to its small size (turnover below Rs. 25 crore threshold).
The recovery from last year's fire-driven loss to a small profit is positive, but reserves remain in deficit (-Rs. 1.72 crore) and both long-term and short-term borrowings have risen meaningfully, suggesting reliance on debt for recovery. Shareholders should note the absence of a dividend, the proposed related-party transaction approval, and the continued impact of the 2024 plant fire on the balance sheet.