Jindal Capital AGM Agenda and FY2026 Financial Results

Revenue reached Rs 4.30 crore for FY 2026, while Net Profit stood at Rs 1.13 crore.

Reader Takeaway: Rising revenue accompanies lower net profits; shareholders to decide on increased borrowing and executive pay structures.

What just happened

Jindal Capital Ltd has announced its 32nd Annual General Meeting (AGM) scheduled for September 30, 2026. The company seeks shareholder approval for several significant corporate actions, including a proposal to enhance the borrowing limit to Rs 500 crore. Investors will also vote on the regularization of Mr. Nischal Mittal as an Independent Director and approve revised monthly remuneration of Rs 2 lakh each for the CMD and CFO.

Financial performance

The company recorded a total revenue of Rs 4.30 crore for the fiscal year ended March 31, 2026, compared to Rs 3.89 crore in the previous year. However, profitability declined, with Net Profit After Tax falling to Rs 1.13 crore from Rs 1.40 crore in FY 2025. The board has opted not to declare a dividend, citing the need to conserve internal resources for business expansion and lending activities.

Governance and board changes

The company reported a transition in its board composition. Mr. Subhash Kumar Changoiwala resigned as an Independent Director effective August 15, 2026, while Mr. Nischal Mittal was appointed as an Additional Director effective August 12, 2026. The statutory auditors, M/s STRG & Associates, have confirmed no instances of fraud occurred during the financial year.

What to track next

Shareholders should closely monitor the outcome of the special resolutions regarding the borrowing mandate at the upcoming AGM. The management's focus remains on prudent lending and improving operational efficiency via technology-led credit evaluation, as the company seeks to maintain portfolio quality within the NBFC sector.