The board has approved the appointment of M/s B. R. Gharpure & Associates, Practicing Company Secretaries, as Secretarial Auditor of the company for a term of Five consecutive years form ....
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Jeet Machine Tools Ltd's board, at its August 13, 2025 meeting, approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at just Rs 0.18 lakh versus Rs 2.39 lakh in Q1 FY25, while total income was Rs 0.97 lakh. The company reported a net loss of Rs 3.95 lakh, a sharp improvement from a Rs 43.18 lakh loss in the same quarter last year. The board appointed Mrs. Tasnim A. Sabuwala as an Additional Non-Executive Independent Women Director for a five-year term, bringing over 20 years of market research experience. M/s B.R. Gharpure & Associates was named Secretarial Auditor for five years (FY 2025-26 to 2029-30), and M/s J.S. Bhatia & Co. as Internal Auditor for FY 2025-26. The secretarial auditor appointment needs shareholder approval at the next AGM.
Routine governance housekeeping with no material change to operations; losses narrowed significantly year-on-year, though revenues remain negligible. Minor positive for board diversity with the addition of an independent woman director, but unlikely to move the stock price.