JTEKTINDIANSEJtekt India LimitedMediumNeutral
Announced Thu, 14 May · 14:14 IST

Jtekt India Limited has informed the Exchange regarding re-appointment of Mr. Masahiko Morimoto as Non- Executive Independent Director of the company w.e.f. November 11, 2026, subject to the approval of the shareholders.

Management Changes View source PDF

JTEKTINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹137.30
prior close
₹136.53
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-1.1-0.9+0.3-3.4-6.3-6.4-8.3-7.6-7.5-10.8-4.6+2.9
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AI summary

JTEKT India reported audited FY2026 results with net profit of Rs. 7,531 lakhs on total income of Rs. 26,908 lakhs, compared to Rs. 7,501 lakhs profit on Rs. 20,501 lakhs income in FY2025. The Board recommended a final dividend of Rs. 0.75 per share (75%), payable within 30 days of shareholder approval at the August 2026 AGM. Key director re-appointments include Mr. Minoru Sugisawa as Chairman & MD (2 years from June 2026), Mr. Rajiv Chanana as Whole-time Director (1 year), Mr. Masahiko Morimoto as Independent Director (5-year second term from November 2026), and Mr. Yosuke Fujiwara as Whole-time Director (2 years from February 2027). The company also completed a rights issue in August 2025 raising Rs. 2,499 lakhs, increasing paid-up capital to Rs. 2,774 lakhs. BSR & Co. LLP issued an unmodified audit opinion.

Likely market impact

The filings show stable financial performance with consistent EPS of Rs. 2.50, positive operating cash flows, and continuity in leadership. The dividend recommendation and clean audit report are positive signals for shareholders. The expanded capital base from the rights issue provides additional financial flexibility.