JTL Industries logo

JTL Industries MD, chairman, board of directors and AGM

NSE: JTLINDBSE: 534600Industrial ProductsSmall Cap

Formerly JTL Infra
Last close ₹72.25down ₹4.65 (6.05%)BSE ₹72.51

Share price at the NSE close on 23 Oct 2026. Previous close ₹76.90.

52-week range of traded prices to 23 Oct 2026
₹40.25Low, 30 Mar 2026₹94.00High, 2 Sep 2026
Market cap
₹2,840 Cr1,041st largest listed
P/E
24.8
P/B
1.9
Dividend yield
0.17%
ROE
8.5%
ROCE
9.3%
Debt to equity
0.16
Volume, NSE
26,82,47446.6% delivered

JTL Industries board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing directorMadan Mohan
  • ChairpersonSukhdev Raj Sharma
  • Company Secretary and Compliance OfficerAmrender Kumar Yadav

10 directors4 independent5 executive1 non-executive

  • Madan Mohan · Managing directorExecutive · joined Jul 1991 · reappointed May 2025 · 13 months as independent · 1 listed board
  • Rakesh GargExecutive · joined Jul 1991 · reappointed May 2025 · 13 months as independent · 1 listed board · 2 committee seats
  • Ashok GoyalIndependent · joined Jul 2023 · reappointed Jul 2023 · 35 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • Rakesh Mohan GargIndependent · joined May 2023 · reappointed May 2023 · 38 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 2 as chair
  • Raman ChadhaIndependent · joined Jan 2025 · reappointed Jan 2025 · 17 months as independent · 1 listed board · 1 as independent · 3 committee seats
  • Sukhdev Raj Sharma · ChairpersonIndependent · joined Jun 2020 · reappointed Jun 2025 · 72 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Dhruv SinglaExecutive · joined Aug 2021 · reappointed Aug 2021 · 59 months as independent · 2 listed boards · 1 committee seat
  • Pranav SinglaExecutive · joined Aug 2021 · reappointed Aug 2021 · 59 months as independent · 2 listed boards · 2 committee seats
  • Sanjeev GuptaExecutive · joined Nov 2023 · reappointed Nov 2023 · 32 months as independent · 1 listed board
  • Jagdeep Kumar GoelNon-executive · joined Aug 2025 · reappointed Aug 2025 · 10 months as independent · 1 listed board · 1 committee seat

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Mithan Lal Singla, left 8 Jun 2025: Others
  • Preet Kamal Kaur Bhatia, left 12 Feb 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 11 May 20269 of 10 present4 independent · 76 days in between
    • 23 Feb 20266 of 10 present2 independent · 29 days in between
    • 24 Jan 20269 of 10 present4 independent

  • Audit Committee

    Chair Ashok Goyal

    Rakesh Mohan Garg, Sukhdev Raj Sharma, Raman Chadha, Rakesh Garg

    • 11 May 20265 of 5 present4 independent · 41 days in between
    • 30 Mar 20263 of 5 present2 independent · 64 days in between
    • 24 Jan 20264 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Ashok Goyal

    Rakesh Mohan Garg, Raman Chadha

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Rakesh Mohan Garg

    Rakesh Garg, Raman Chadha, Dhruv Singla

    • 2 Feb 20264 of 5 present3 independent

  • Risk Management Committee

    Chair Dhruv Singla

    Rakesh Garg, Sukhdev Raj Sharma, Raman Chadha

    • 30 Mar 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Raman Chadha

    Rakesh Garg, Dhruv Singla

    • 11 May 20263 of 3 present1 independent · 50 days in between
    • 21 Mar 20263 of 3 present1 independent · 74 days in between
    • 5 Jan 20263 of 3 present1 independent

  • Sub-Committee of Directors

    Chair Dhruv Singla

    Rakesh Garg, Raman Chadha

    • 14 May 20263 of 3 present1 independent · 43 days in between
    • 31 Mar 20263 of 3 present1 independent · 7 days in between
    • 23 Mar 20263 of 3 present1 independent · 53 days in between
    • 28 Jan 20263 of 3 present1 independent

  • Securities Issue and Allotment Committee

    Chair Dhruv Singla

    Rakesh Garg, Sukhdev Raj Sharma, Raman Chadha

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • N Kumar Chhabra & Co.Peer-review certificate valid to Aug 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

JTL Industries AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.JTL Industries dividend history

Annual general meeting, 25 Sep 2026

98,745 shareholders on the register on 18 Sep 2026; present: 6 promoters and 39 others; votes counted by Sahil Malhotra / S.V. Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 52.75% · promoters 100.00% · institutions 14.30% · other public 5.89%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 52.75% · promoters 100.00% · institutions 14.30% · other public 5.89%

  3. To declare the Final Dividend of Rs. 0.125/- (i.e. @12.50%) per equity share of face value of Rs. 1/- each to the shareholders of the Company, for the FY 2025-26.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 52.75% · promoters 100.00% · institutions 14.30% · other public 5.89%

  4. To appoint a Director in place of Mr. Rakesh Garg (DIN: 00184081), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 2.15% · other public 0.11%

    Turnout: all 52.75% · promoters 100.00% · institutions 14.30% · other public 5.89%

  5. To appoint a Director in place of Mr. Sanjeev Gupta (DIN:10396875), who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 52.75% · promoters 100.00% · institutions 14.30% · other public 5.89%

  6. To ratify remuneration of the Cost Auditors for the Financial Year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 52.75% · promoters 100.00% · institutions 14.30% · other public 5.89%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Sep 2025, 12 resolutions

88,560 shareholders on the register on 16 Sep 2025; present: 4 promoters and 58 others; votes counted by SAHIL MALHOTRA / SV ASSOCIATES.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of the Auditors thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.11%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  3. To declare the Final Dividend of Rs. 0.125/- (i.e. @12.5%) per equity share of face value of Re. 1/- each to the “Public Category” shareholders only, for the FY 2024-25
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  4. To appoint a Director in place of Mr. Madan Mohan (DIN: 00156668), who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    99.76% for0.24% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.87%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  5. To appoint a Director in place of Mr. Dhruv Singla (DIN: 02837754), who retires by rotation and being eligible offers himself for re-appointment
    Ordinary
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.97%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  6. To appoint Secretarial Auditors of the Company
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.17%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  7. To ratify remuneration of the Cost Auditors for the Financial Year 2025-26
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  8. To re-appoint Mr. Dhruv Singla (DIN: 02837754) as a Whole-time Director of the Company
    Special
    99.75% for0.25% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.98%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  9. To re-appoint Mr. Pranav Singla (DIN:07898093) as a Whole-time Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  10. To appoint Mr. Jagdeep Kumar Goel (DIN: 10398389) as a Non-Executive, Non-Independent Director of the Company
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  11. Approval for JTL Industries Employee Stock Option Scheme – 2025
    Special
    95.76% for4.24% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.44%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

  12. Approval for grant of options to employees of Subsidiary Company(ies), in India or outside India, of the Company under JTL Industries Employee Stock Option Scheme – 2025
    Special
    95.76% for4.24% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.50%

    Turnout: all 49.53% · promoters 90.70% · institutions 87.03% · other public 6.35%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 24 Apr 2025, 2 resolutions

87,383 shareholders on the register on 21 Mar 2025; votes counted by Sahil Malhotra / S V Associates.The company's voting result (opens in a new tab)

  1. Alteration in the Object Clause of Memorandum of Association of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 52.86% · promoters 92.99% · institutions 58.76% · other public 6.51%

  2. Appointment of Mrs. Raman Chadha (DIN:10913870) as Independent Director of the Company
    Special
    98.73% for1.27% against

    Against: promoters 0.00% · institutions 14.65% · other public 0.09%

    Turnout: all 52.86% · promoters 92.99% · institutions 58.76% · other public 6.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 26 Oct 2024, 2 resolutions

Present: 3 promoters and 40 others.The company's voting result (opens in a new tab)

  1. SUB-DIVISION OF FACE VALUE OF EQUITY SHARES OF THE COMPANY FROM RS. 2/- (RUPEES TWO ONLY) EACH TO RS. 1/- (RUPEE ONE) EACH.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 51.40% · promoters 92.99% · institutions 40.50% · other public 7.03%

  2. ALTERATION OF CAPITAL CLAUSE OF MEMORANDUM OF ASSOCIATION OF THE COMPANY CONSEQUENT TO SUB-DIVISION OF FACE VALUE OF SHARES OF THE COMPANY
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 51.40% · promoters 92.99% · institutions 40.50% · other public 7.03%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 14 Sep 2024, 9 resolutions

Present: 1 promoter and 51 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.17% · promoters 95.27% · institutions 37.35% · other public 8.20%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.17% · promoters 95.27% · institutions 37.35% · other public 8.20%

  3. To declare a Final dividend of Rs. 0.25/- (i.e. @12.5%) per equity share of face value of Rs. 2/- each for the FY 2023-24, on Equity Shares for the financial year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.17% · promoters 95.27% · institutions 37.35% · other public 8.20%

  4. To appoint a Director in place of Mr. Pranav Singla (DIN: 07898093), who retires by rotation at this Meeting and being eligible offers himself for his re-appointment.
    OrdinaryPromoters have an interest in it
    97.91% for2.09% against

    Against: promoters 0.00% · institutions 38.52% · other public 0.02%

    Turnout: all 54.17% · promoters 95.27% · institutions 37.35% · other public 8.20%

  5. To appoint a Director in place of Mr. Mithan Lal Singla (DIN: 00156885), who retires by rotation at this Meeting and being eligible offers himself for his re-appointment.
    OrdinaryPromoters have an interest in it
    97.74% for2.26% against

    Against: promoters 0.00% · institutions 41.72% · other public 0.02%

    Turnout: all 54.17% · promoters 95.27% · institutions 37.35% · other public 8.20%

  6. RATIFICATION AND APPROVAL OF REMUNERATION PAYABLE TO COST AUDITORS
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 54.17% · promoters 95.27% · institutions 37.35% · other public 8.20%

  7. nTO RE-APPOINT MR. MADAN MOHAN (DIN:00156668) AS A MANAGING DIRECTOR OF THE COMPANY.nn
    SpecialPromoters have an interest in it
    97.87% for2.13% against

    Against: promoters 0.00% · institutions 39.27% · other public 0.02%

    Turnout: all 54.17% · promoters 95.27% · institutions 37.35% · other public 8.20%

  8. TO RE-APPOINT MR. RAKESH GARG (DIN:00184081) AS A WHOLE-TIME DIRECTOR OF THE COMPANY
    SpecialPromoters have an interest in it
    97.87% for2.13% against

    Against: promoters 0.00% · institutions 39.27% · other public 0.02%

    Turnout: all 54.17% · promoters 95.27% · institutions 37.35% · other public 8.20%

  9. TO RE-APPOINT MR. SUKHDEV RAJ SHARMA (DIN: 02135083) AS AN INDEPENDENT DIRECTOR FOR THE SECOND TERM
    Special
    97.91% for2.09% against

    Against: promoters 0.00% · institutions 38.52% · other public 0.02%

    Turnout: all 54.17% · promoters 95.27% · institutions 37.35% · other public 8.20%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Jan 2024, 4 resolutions

The company's voting result (opens in a new tab)

  1. Preferential Allotment of upto 3,00,00,000 Fully Convertible Warrants to the Persons Belonging to Promoter, Promoter Group and Non-Promoter, Public Category.
    SpecialPromoters have an interest in it
    98.20% for1.80% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.02%

    Turnout: all 55.52% · promoters 93.28% · institutions 31.81% · other public 5.26%

  2. To Raise Capital by way of Qualified Institutions Placement to Eligible Investors through an Issuance of Equity Shares and/or other Eligible Securities including “Green Shoe” Option.
    Special
    98.00% for2.00% against

    Against: promoters 0.00% · institutions 100.00% · other public 5.10%

    Turnout: all 55.52% · promoters 93.28% · institutions 31.81% · other public 5.26%

  3. Appointment and Regularization of Mr. Sanjeev Gupta (DIN: 10396875 ) as an Executive Director acting in the capacity of Director(Operations) of the Company
    Ordinary
    98.15% for1.85% against

    Against: promoters 0.00% · institutions 100.00% · other public 1.36%

    Turnout: all 55.52% · promoters 93.28% · institutions 31.81% · other public 5.26%

  4. Increase in Authorised Share Capital of the Company and consequent amendment in Capital Clause of the Memorandum of Association of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 55.52% · promoters 93.28% · institutions 31.81% · other public 5.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 30 Aug 2023, 16 resolutions

Present: 6 promoters and 69 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon.nMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  3. To declare a Final dividend of Rs. 0.20/- (i.e. @10%) per equity share of face value of Rs. 2/- each for the Financial Year 2022-23, on Equity Shares for the financial year ended March 31, 2023
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  4. To appoint a Director in place of Sh. Rakesh Garg (DIN: 00184081), who retires by rotation at this Meeting and being eligible offers himself for his re-appointment
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 1.16% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  5. To appoint a Director in place of Sh. Dhruv Singla (DIN: 02837754), who retires by rotation at this Meeting and being eligible offers himself for his re-appointment.
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 1.16% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  6. Appointment of M/s N. Kumar Chhabra & Co. (Firm Registration No. 000837N), Chartered Accountants, as Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  7. To approve the overall Borrowing Limits u/s 180(1)(c) of the Companies Act, 2013
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  8. To seek approval under Section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  9. To increase in threshold of loans/ guarantees, providing of securities and making of investments in securities under section 186 of the Companies Act, 2013
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 1.16% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  10. Approval to advance any loan/give guarantee/provide security u/s 185 of the Companies Act, 2013
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 1.16% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  11. Ratification and approval of remuneration payable to Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  12. To approve related party transactionsn
    OrdinaryPromoters have an interest in it
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 1.16% · other public 0.00%

    Turnout: all 9.93% · promoters 0.00% · institutions 28.54% · other public 22.16%

  13. Increase In Authorised Share Capital of the Company and consequent Amendment in Capital Clause of the Memorandum of Association of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  14. Issue of Bonus Shares by way of capitalization of Securities Premium Account or other permissible reserves
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  15. To take note of Certificate of Practising Chartered Accountant under Regulation 45(3) of SEBI(Listing Obligations and Disclosure Requirement) Regulations, 2015
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

  16. Appointment of Mr. Ashok Goyal(DIN: 08930828) as an independent director of the companytn
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 25.16% · promoters 27.22% · institutions 28.54% · other public 22.16%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Aug 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. APPOINTMENT OF MR. RAKESH MOHAN GARG (DIN: 08970794) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.13%

    Turnout: all 11.16% · promoters 18.61% · institutions 48.80% · other public 0.04%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.

Mutual fund votes, meeting of 23 Sep 2025, 6 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereonMoreLess
    6 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2025 together with the Reports of the Auditors thereon
    6 for0 against
  • To declare the Final Dividend of Rs. 0.125/- (i.e. @12.5%) per equity share of face value of Re. 1/- each to the “Public Category” shareholders only, for the FY 2024-25
    6 for0 against
  • To appoint a Director in place of Mr. Madan Mohan (DIN: 00156668), who retires by rotation and being eligible offers himself for re-appointment
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    5 for1 against
  • To appoint a Director in place of Mr. Dhruv Singla (DIN: 02837754), who retires by rotation and being eligible offers himself for re-appointment
    6 for0 against
  • To appoint Secretarial Auditors of the Company
    6 for0 against
  • To re-appoint Mr. Dhruv Singla (DIN: 02837754) as a Whole-time Director of the Company
    6 for0 against
  • To re-appoint Mr. Pranav Singla (DIN:07898093) as a Whole-time Director of the Company
    Against Mirae Asset Mutual Fund
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    5 for1 against
  • To appoint Mr. Jagdeep Kumar Goel (DIN: 10398389) as a Non-Executive, Non-Independent Director of the Company
    6 for0 against
  • Approval for JTL Industries Employee Stock Option Scheme – 2025
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundInadequate disclosures regarding the Exercise Price/Pricing Formula. Governance & Transparency Concern: Potential maximum benefit to a single employee is excessive
    • Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with SEBI (SBEB & SE) Regulations 2021: Inadequate disclosures regarding the Exercise Price/Pricing Formula. Governance & Transparency Concern: Potential maximum benefit to a single employee is excessive.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for6 against
  • Approval for grant of options to employees of Subsidiary Company(ies), in India or outside India, of the Company under JTL Industries Employee Stock Option Scheme – 2025
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundInadequate disclosures regarding the Exercise Price/Pricing Formula. Governance & Transparency Concern: Potential maximum benefit to a single employee is excessive
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern w.r.t the extension of benefit per-se but Scheme itself is Non-Compliant with SEBI (SBEB & SE) Regulations 2021: Interlinked with Resolution #11.
    • LIC Mutual FundConcerns over Non-Compliance with SEBI (SBEB & SE) Regulations 2021: Interlinked with Resolution #11.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    0 for6 against
1 proposal not matched to one resolution
  • Ratification of remuneration of Rs. 1,50,000 p.a. plus applicable taxes and reimbursement of out-of-pocket expenses payable to M/s Balwinder and Associates, Cost Accountants (Firm Registration Number - 000201), who based on the recommendation(s) of the Audit Committee, have been appointed by the Board of Directors of the Company (Board), as the Cost Auditors of the Company, to conduct the audit of the cost records maintained by the Company for the Financial Year ending March 31, 2026.MoreLess
    6 for0 against

Mutual fund votes, meeting of 24 Apr 2025, 6 fund houses

  • Alteration in the Object Clause of Memorandum of Association of the Company
    6 for0 against
  • Appointment of Mrs. Raman Chadha (DIN:10913870) as Independent Director of the Company
    6 for0 against
5 earlier meetings

Mutual fund votes, meeting of 26 Oct 2024, 4 fund houses

  • SUB-DIVISION OF FACE VALUE OF EQUITY SHARES OF THE COMPANY FROM RS. 2/- (RUPEES TWO ONLY) EACH TO RS. 1/- (RUPEE ONE) EACH.
    4 for0 against
  • ALTERATION OF CAPITAL CLAUSE OF MEMORANDUM OF ASSOCIATION OF THE COMPANY CONSEQUENT TO SUB-DIVISION OF FACE VALUE OF SHARES OF THE COMPANY
    4 for0 against

Mutual fund votes, meeting of 14 Sep 2024, 4 fund houses

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    4 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Report of the Auditors thereon.
    4 for0 against
  • To declare a Final dividend of Rs. 0.25/- (i.e. @12.5%) per equity share of face value of Rs. 2/- each for the FY 2023-24, on Equity Shares for the financial year ended March 31, 2024
    4 for0 against
  • To appoint a Director in place of Mr. Pranav Singla (DIN: 07898093), who retires by rotation at this Meeting and being eligible offers himself for his re-appointment.
    4 for0 against
  • To appoint a Director in place of Mr. Mithan Lal Singla (DIN: 00156885), who retires by rotation at this Meeting and being eligible offers himself for his re-appointment.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNo concern on merits of Director. Non-Compliant with Regulation 17(1A) of LODR: Approval not sought via special resolution for NED above 75 years.
    1 for3 against
  • RATIFICATION AND APPROVAL OF REMUNERATION PAYABLE TO COST AUDITORS
    4 for0 against
  • nTO RE-APPOINT MR. MADAN MOHAN (DIN:00156668) AS A MANAGING DIRECTOR OF THE COMPANY.nn
    4 for0 against
  • TO RE-APPOINT MR. RAKESH GARG (DIN:00184081) AS A WHOLE-TIME DIRECTOR OF THE COMPANY
    4 for0 against
  • TO RE-APPOINT MR. SUKHDEV RAJ SHARMA (DIN: 02135083) AS AN INDEPENDENT DIRECTOR FOR THE SECOND TERM
    4 for0 against

Mutual fund votes, meeting of 18 Jan 2024, 3 fund houses

  • Preferential Allotment of upto 3,00,00,000 Fully Convertible Warrants to the Persons Belonging to Promoter, Promoter Group and Non-Promoter, Public Category.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Significant Dilution; No explanation for not going in for rights issue. Lack of clarity regarding the basis of arriving at premium
    0 for3 against
  • To Raise Capital by way of Qualified Institutions Placement to Eligible Investors through an Issuance of Equity Shares and/or other Eligible Securities including “Green Shoe” Option.
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundCompliant with Law. Governance Concern: Significant Dilution; No explanation for not going in for rights issue
    0 for3 against
  • Appointment and Regularization of Mr. Sanjeev Gupta (DIN: 10396875 ) as an Executive Director acting in the capacity of Director(Operations) of the Company
    Against Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual FundNon-Compliant with Section 196 of Companies Act, 2013 and SS-2: Specific term not disclosed, remuneration not disclosed.
    0 for3 against
  • Increase in Authorised Share Capital of the Company and consequent amendment in Capital Clause of the Memorandum of Association of the Company.
    3 for0 against

Mutual fund votes, meeting of 30 Aug 2023, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon.nMoreLess
    1 for0 against
  • To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon
    1 for0 against
  • To declare a Final dividend of Rs. 0.20/- (i.e. @10%) per equity share of face value of Rs. 2/- each for the Financial Year 2022-23, on Equity Shares for the financial year ended March 31, 2023
    1 for0 against
  • To appoint a Director in place of Sh. Rakesh Garg (DIN: 00184081), who retires by rotation at this Meeting and being eligible offers himself for his re-appointment
    1 for0 against
  • To appoint a Director in place of Sh. Dhruv Singla (DIN: 02837754), who retires by rotation at this Meeting and being eligible offers himself for his re-appointment.
    1 for0 against
  • Appointment of M/s N. Kumar Chhabra & Co. (Firm Registration No. 000837N), Chartered Accountants, as Statutory Auditors of the Company
    1 for0 against
  • To seek approval under Section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company
    1 for0 against
  • To increase in threshold of loans/ guarantees, providing of securities and making of investments in securities under section 186 of the Companies Act, 2013
    1 for0 against
  • Approval to advance any loan/give guarantee/provide security u/s 185 of the Companies Act, 2013
    1 for0 against
  • Ratification and approval of remuneration payable to Cost Auditors
    1 for0 against
  • To approve related party transactionsn
    1 for0 against
  • Increase In Authorised Share Capital of the Company and consequent Amendment in Capital Clause of the Memorandum of Association of the Company.
    1 for0 against
  • Issue of Bonus Shares by way of capitalization of Securities Premium Account or other permissible reserves
    1 for0 against
  • To take note of Certificate of Practising Chartered Accountant under Regulation 45(3) of SEBI(Listing Obligations and Disclosure Requirement) Regulations, 2015
    1 for0 against
  • Appointment of Mr. Ashok Goyal(DIN: 08930828) as an independent director of the companytn
    1 for0 against
1 proposal not matched to one resolution
  • To borrow and raise such sum or sums of money by obtaining loans, overdraft facilities, lines of credit, commercial papers, convertible/ nonconvertible debentures, external commercial borrowings (loans/ bonds), Rs. denominated offshore bonds or in any other forms from Banks, Financial Institutions, other Bodies Corporate or other eligible investors, from time to time, which, together with the monies already borrowed by the Company (apart from temporary loans obtained or to be obtained from the Company’s Bankers in the ordinary course of business) may exceed, at any time, the aggregate of the paid-up share capital and free reserves, provided that the total amount so borrowed by the Board shall not at any time exceed Rs.700 Crores or equivalent amount in any other foreign currency.MoreLess
    1 for0 against

Mutual fund votes, meeting of 5 Aug 2023, 1 fund house

  • APPOINTMENT OF MR. RAKESH MOHAN GARG (DIN: 08970794) AS AN INDEPENDENT DIRECTOR OF THE COMPANY
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Tax disputeGST DepartmentSince 23 Mar 2023
    The Company has filed an appeal on 27-02-2026 against the order of the Assistant Commissioner with the Central Appeal Administrator and the matter is currently sub-judice.
    At the filing before: The Company received a demand order for Rs. 31.5 lakhs along with applicable Interest as per section 50(1) of the CGST Act, 2017. Additionally, a penalty of Rs. 31.50 lacs was imposed in terms of Section 74(1) of the CGST Act, 2017 and Section 20 of the IGST Act, 2017 subject to the Statutory Option of availing relief under Section 74(11) of the CGST Act, 2017.MoreLess
  • Tax disputeGST DepartmentSince 15 Oct 2021
    Pending with the Assistant/Deputy Commissioner, Central GST Division, Derabassi.
    At the filing before: Notice was received alleging non-payment of service tax under the Reverse Charge Mechanism (RCM) on ocean freight and commission received. The matter is currently pending with the Assistant/Deputy Commissioner, Central GST Division, Dera Bassi.MoreLess
  • Tax disputeGST DepartmentSince 9 Nov 2021
    Pending with the Central Excise (Appeals) authority.
    At the filing before: Notice was received alleging wrongful availment of CENVAT credit against return of goods. The appeal is currently pending with the Central Excise (Appeals) authority.
  • Tax disputeIncome Tax DepartmentSince 9 Dec 2016
    Pending with CIT (A).
    At the filing before: Demand raised under section 147 r.w.s 143 (3) of the Act.

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Preferential IssuesAug 2025, checked by CARE Ratings Limited0.00Investment in Mega Project, Capital Expenditure towards development, refurbishment and renovation of Assets, either through wholly owned subsidiaries/subsidiaries/associates; Working Capital Requirements; General Corporate Purposes, including financing of Business Opportunities (either organic or inorganic), and any other cost incurred towards the objects of the Company, brand building, acquisition of Offices, Retail Spaces and Warehouses etc. to expand the Company’s distribution network pan- India and strengthen the business operations; Issue Related Expenses168.75168.75No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.