37th Annual general Meeting of the Company is scheduled to be held on Saturday 20 September, 2025 at 12.00 Noon (IST) through video conferencing/ other Audio- visual means. The Notice of ....
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Awaiting price reaction for this filing.
Jattashankar Industries Limited has scheduled its 37th Annual General Meeting on Saturday, 20 September 2025 at 12:00 Noon IST via video conferencing, along with the Annual Report for FY 2024-25. The cut-off date for voting eligibility is 13 September 2025, with remote e-voting open from 17 September (9 AM) to 19 September (5 PM) 2025. Shareholders will vote on 13 resolutions covering adoption of FY25 financial statements, appointment of new Secretarial Auditor (M/s B.S. Vyas & Associates for 5 years), regularization of two new Independent Directors, appointment of Mr. Keval Jayanti Khudai as Chairman & Managing Director and Mr. Nileshbhai Bhagvanji Bapodara as Whole-Time Director (each at Rs. 12 lakh per annum for 3 years). Key corporate actions include shifting the registered office from Mumbai to Pune and a major amendment to the Object Clause of the Memorandum of Association to pivot the business from textiles to agriculture products, edible oils, food products, commodities trading, and processing infrastructure.
This filing signals a major management overhaul — the original promoter directors (Poddar family) have resigned and a new management led by Mr. Keval Khudai has taken charge. The MOA amendment marks a strategic pivot away from textiles into agriculture, edible oils and food businesses, while the Rs. 100 crore borrowing and investment limits suggest the new management is positioning for significant expansion or acquisition activity. Shareholders should track the September 20 vote outcomes, as the combination of new leadership and a business direction change could materially reshape the company's future.