1) Appointment of Mr. Anoop Chaturvedi (DIN 10058148) as an Additional Director for a tenure of 5 consecutive years from August 13, 2025, subject to approval of the shareholders. 2) Reconstitution ....
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The Board of Jay Ushin Limited, held on August 13, 2025, approved the appointment of Mr. Anoop Chaturvedi (aged 67, ex-Maruti Suzuki, 40+ years in production and engineering) as a Non-Executive Independent Director for a 5-year term, subject to shareholder approval. Board committees (Audit, Stakeholders' Relationship, Nomination & Remuneration) were reconstituted to include the new director. The Board also approved Q1 FY26 unaudited results, reporting revenue from operations of Rs. 21,413.29 lakhs (up ~9.4% from Rs. 19,576.79 lakhs in Q1 FY25). Net profit jumped to Rs. 457.90 lakhs from Rs. 259.10 lakhs (up ~77% YoY), with EPS rising to Rs. 11.85 from Rs. 6.70. Scrutinizers were appointed for the AGM scheduled on September 29, 2025.
Strong Q1 performance with nearly 77% YoY net profit growth and margin expansion should be viewed positively by shareholders. The addition of an experienced auto-industry independent director strengthens board oversight, though the appointment requires shareholder approval at the upcoming AGM.