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Jai Mata Glass Ltd (523467)

📊 BSE: 523467 🏢 Other Construction Materials 📢 Latest filing: 09 Oct 2026

Q2 FY27 results

Jai Mata Glass Ltd reported Q2 FY27 results on 9 Oct 2026: revenue ₹0.1 Cr, and net profit ₹-0.0 Cr (a smaller loss than a year earlier); the operating margin was -58.8%.

Q2 FY27 (₹ Cr)	Value	YoY vs Q2 FY26	QoQ
Revenue	₹0.1	—	+198.8%
Operating profit	₹-0.0	loss narrowed	loss narrowed
Net profit	₹-0.0	loss narrowed	loss narrowed
EPS (₹)	-0.00	loss narrowed	loss narrowed
Operating margin	-58.8%	—	—

Full quarterly financials → Margins & quality of profit → All Q2 FY27 results → Results calendar →

📢 Recent Corporate Announcements

Jai Mata Glass Submits Q2 FY27 Financial Results Following Board Meeting

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 09 Oct 2026, 02:12 PM

Jai Mata Glass Ltd has submitted its standalone unaudited financial results along with the Limited Review Report for the quarter and half-year ended September 30, 2026. The board meeting concluded at 1:55 PM on October 09, 2026. While the announcement cover letter does not detail the revenue and net profit figures, the company has operated with negligible revenue (TTM revenue near Rs 0 Cr) and consecutive quarterly losses (loss of Rs 0.0625 Cr in June 2026). Full operational tables are made available via exchange attachments and the company website.

Board meeting concluded at 1.55 P.M on October 09, 2026
Unaudited standalone financial results submitted for quarter and half year ended September 30, 2026
Results accompanied by the statutory Limited Review Report
Company currently holds a micro-cap valuation of Rs 23 Cr with net worth of Rs 2 Cr

💡 Track the full quarterly tables on the BSE website to evaluate if operational revenue has resumed from previous near-zero levels.

Jai Mata Glass Approves Q2 FY27 Unaudited Standalone Results

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 09 Oct 2026, 02:02 PM

Jai Mata Glass held a Board meeting on October 9, 2026, approving the standalone unaudited financial results for the quarter and half-year ended September 30, 2026. The statutory auditors' Limited Review Report was taken on record. Specific revenue and profit figures were not detailed in the cover letter text. The company operates at a minimal scale, with TTM revenue near zero and negative operating profitability.

Board meeting commenced at 12:30 PM and concluded at 1:55 PM on October 09, 2026
Standalone unaudited financial results approved for the quarter and half year ended September 30, 2026
Limited Review Report from Statutory Auditors taken on record
Results approved pursuant to Regulation 33 of SEBI LODR Regulations

💡 Track the detailed financial tables on the exchange or company portal to check whether operational revenue or margins have shown any turnaround from the recent near-zero run rate.

Jai Mata Glass to Hold Board Meeting on Sept 1, 2026 to Approve 46th AGM Notice

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 24 Aug 2026, 09:22 PM

Jai Mata Glass Ltd has scheduled a meeting of its Board of Directors on Tuesday, September 1, 2026. The meeting will primarily consider and approve the notice and Directors' Report for the upcoming 46th Annual General Meeting for FY26. Other routine agenda items include the appointment/re-appointment of statutory and secretarial auditors, appointment of a scrutinizer, and book closure dates. The board will also take up the reappointment of Mr. Inesh Marwah, a director retiring by rotation.

Board meeting scheduled for September 1, 2026 at 12:30 PM IST
Approval sought for the 46th Annual General Meeting notice and Directors' Report for FY ended March 31, 2026
Proposal to appoint/re-appoint Statutory and Secretarial Auditors and fix their remuneration
Consideration of re-appointment of Director Mr. Inesh Marwah (DIN: 11192771) retiring by rotation

💡 Track the outcome of the Board Meeting on September 1, 2026, and look out for the finalized AGM date, book closure schedule, and the complete annual report.

Open Offer for up to 2.60 Cr Shares at Rs 1.85/Share to Open on August 21, 2026

🟡 NEUTRAL ⭐ 9/10

M&A 📅 20 Aug 2026, 12:01 PM

Ashwani Gulati, Kiran Gulati, and M/s Veerasha Trust have issued an offer opening announcement to acquire up to 2,60,00,000 equity shares of Jai Mata Glass Ltd at an offer price of INR 1.85 per share in cash. The tendering period will open on August 21, 2026, and close on September 04, 2026, with consideration settlement targeted by September 21, 2026. The offer price of INR 1.85 represents a substantial discount of ~42% to the current market price of Rs 3.2. The Independent Directors Committee has deemed the offer price fair and compliant with SEBI regulations.

Open offer for up to 2,60,00,000 equity shares by Ashwani Gulati, Kiran Gulati, and M/s Veerasha Trust
Offer price fixed at INR 1.85 per equity share payable in cash
Revised tendering period opens on August 21, 2026, and closes on September 04, 2026
Payment of consideration to be completed by September 21, 2026

💡 Track the tendering window between August 21 and September 04, 2026, and monitor post-offer shareholding and management takeover developments.

Open Offer for 26% Stake at ₹1.85 per Share by Ashwani Gulati and Others

🟡 NEUTRAL ⭐ 9/10

M&A 📅 14 Aug 2026, 01:46 PM

A group of acquirers including Mr. Ashwani Gulati and Veerasha Trust has issued a formal Letter of Offer to acquire up to 2.6 crore shares (26% stake) of Jai Mata Glass Ltd. The offer price is set at ₹1.85 per share, which represents a significant discount to the current market price of ₹3.4. The tendering period is scheduled to open on August 21, 2026, and close on September 04, 2026. This mandatory offer follows a Share Purchase Agreement dated July 13, 2026, signaling a potential change in control of the company.

Acquisition of up to 2,60,00,000 equity shares representing 26.00% of the paid-up capital
Offer price of ₹1.85 per share is approximately 45% lower than the current market price of ₹3.4
Total potential outlay for the open offer is ₹4.81 crore, which is ~240% of the company's current net worth of ₹2 crore
Tendering period starts August 21, 2026, and ends September 04, 2026
The offer is not subject to any minimum level of acceptance

💡 Investors should note the offer price (₹1.85) is well below the current market price (₹3.4), making tendering unattractive at current levels. Monitor the post-offer shareholding to see if the new management introduces a business revival plan for this currently non-operational entity.

Jai Mata Glass Schedules 46th AGM for September 29, 2026; Key Reports Deferred

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 13 Aug 2026, 01:54 PM

Jai Mata Glass has announced its 46th Annual General Meeting (AGM) will be held on September 29, 2026, in Himachal Pradesh. While the date and venue were finalized, the board deferred the approval of the AGM Notice, Directors' Report, and the appointment of a Secretarial Auditor to a future meeting. This administrative update comes as the company reports near-zero operations, with TTM revenue at ₹0 Cr and a small net worth of ₹2 Cr. The stock remains a micro-cap with a market capitalization of ₹26 Cr.

46th Annual General Meeting scheduled for September 29, 2026, at 12:00 p.m.
Board meeting lasted 3 hours and 40 minutes, concluding at 4:10 p.m.
Approval of Directors' Report and Secretarial Auditor appointment deferred to a subsequent meeting.
Company reported TTM revenue of ₹0 Cr and FY26 revenue of only ₹0.11 Cr.
Net worth stands at a minimal ₹2 Cr against a market cap of ₹26 Cr.

💡 Watch for the subsequent board meeting outcome to review the Directors' Report and any potential business revival plans, as the company currently lacks significant revenue.

Board Meeting Scheduled for August 13, 2026, to Approve 46th AGM Notice

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 05 Aug 2026, 11:07 PM

Jai Mata Glass Ltd has scheduled a board meeting on August 13, 2026, to finalize the notice and agenda for its 46th Annual General Meeting (AGM). The board will also approve the Directors' Report for the financial year ended March 31, 2026, and discuss the appointment or re-appointment of Secretarial Auditors. This is a routine administrative procedure for the company, which reported a very low revenue of Rs 0.11 Cr for FY26. Investors should note the company's current financial position with a net worth of only Rs 2 Cr and negative operating margins.

Board meeting scheduled for August 13, 2026, at 12:30 PM IST
Agenda includes approval of the 46th Annual General Meeting (AGM) notice
Directors' Report for the financial year ended March 31, 2026, to be considered
Appointment or re-appointment of Secretarial Auditors and their remuneration to be fixed
Company reported FY26 revenue of only Rs 0.11 Cr against a market cap of Rs 23 Cr

💡 Investors should monitor the forthcoming AGM notice for any management commentary regarding business revival or strategic shifts, given the current lack of significant revenue.

₹6.25 Lakh Net Loss for Jai Mata Glass in Q1 FY27 as Revenue Drops 77% YoY

🔴 NEGATIVE ⭐ 5/10

EARNINGS 📅 30 Jul 2026, 03:11 PM

Jai Mata Glass reported a net loss of ₹6.25 lakhs for the quarter ended June 30, 2026, a sharp reversal from the ₹2.25 lakh profit in the year-ago period. Revenue from operations plummeted 77% YoY to just ₹2.48 lakhs. Total expenses of ₹10.40 lakhs significantly outpaced total income of ₹4.15 lakhs. The company remains in a precarious financial position, acting as a selling agent while searching for new business opportunities to justify its going concern status.

Revenue from operations fell to ₹2.48 lakhs from ₹10.85 lakhs in the June 2025 quarter.
Total comprehensive loss for the period stood at ₹6.49 lakhs after accounting for other comprehensive income.
Employee benefit expenses of ₹4.45 lakhs alone exceeded the total revenue from operations of ₹2.48 lakhs.
The company reported a negative EPS of ₹0.006 for the quarter compared to ₹0.002 in the previous year's quarter.

💡 Watch for any announcements regarding new business opportunities or diversification, as the current agency model is not generating sufficient cash flow to cover administrative costs.

₹6.25 Lakh Net Loss for Jai Mata Glass in Q1 FY27 as Revenue Drops 77% YoY

🔴 NEGATIVE ⭐ 5/10

EARNINGS 📅 30 Jul 2026, 03:02 PM

Jai Mata Glass reported a weak set of results for the quarter ended June 30, 2026, swinging to a net loss of ₹6.25 Lakhs from a profit of ₹2.35 Lakhs in the year-ago period. Revenue from operations declined sharply by 77% YoY to just ₹2.48 Lakhs. Total expenses rose to ₹10.40 Lakhs, exceeding total income of ₹4.15 Lakhs. The company continues to operate primarily as a selling agent for figured glass while searching for new business opportunities.

Revenue from operations fell to ₹2.48 Lakhs in Q1 FY27 from ₹10.85 Lakhs in Q1 FY26.
Net loss of ₹6.25 Lakhs recorded against a net profit of ₹2.35 Lakhs in the same quarter last year.
Total expenses increased to ₹10.40 Lakhs compared to ₹8.51 Lakhs in the previous year's corresponding quarter.
Other income of ₹1.67 Lakhs accounted for approximately 40% of the total income for the quarter.
Earnings Per Share (EPS) turned negative at ₹(0.006) compared to ₹0.002 YoY.

💡 Investors should monitor the company's progress in identifying new business opportunities as mentioned in the notes, given that current operations are insufficient to cover basic expenses.

₹1.85 Open Offer for 26% Stake in Jai Mata Glass by New Acquirers

🔵 WATCH ⭐ 9/10

M&A 📅 27 Jul 2026, 05:09 PM

Mr. Ashwani Gulati, Ms. Kiran Gulati, and Veerasha Trust have submitted a Draft Letter of Offer to acquire up to 2,60,00,000 shares (26% stake) of Jai Mata Glass Ltd. The offer price is set at ₹1.85 per share, which represents a significant discount of approximately 34% to the current market price of ₹2.80. This mandatory open offer follows a Share Purchase Agreement dated July 13, 2026, and signifies a potential change in management and control of the company. The tendering period is scheduled to run from September 03, 2026, to September 17, 2026.

Offer price of ₹1.85 per share is 33.9% lower than the current market price of ₹2.80
Acquisition target of 2,60,00,000 equity shares representing 26.00% of the paid-up capital
Tendering period scheduled to open on September 03, 2026, and close on September 17, 2026
The company currently has ₹0 TTM revenue and a small net worth of ₹2 Cr
Identified date for determining eligible shareholders is August 19, 2026

💡 Monitor the Board of Directors' recommendation due by August 31, 2026, and evaluate the new management's track record. Given the offer price is well below the current market price, the offer is currently unattractive for retail exit via the tendering process.

Board meeting on July 30, 2026, to approve Q1 FY27 results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 23 Jul 2026, 09:55 PM

Jai Mata Glass has scheduled a board meeting for July 30, 2026, to approve standalone un-audited financial results for the quarter ended June 30, 2026. The company is a micro-cap with a market capitalization of Rs 19 Cr and has reported near-zero revenue in recent quarters (TTM revenue effectively Rs 0 Cr). The trading window for insiders remains closed until August 01, 2026. Given the negative ROCE of -10.3% and minimal operations, the upcoming results are crucial to see if any business activity has resumed.

Board meeting scheduled for July 30, 2026, to approve Q1 FY27 results.
Trading window for designated persons closed until August 01, 2026.
Company reported Rs 0.0 Cr revenue in the most recent quarter (March 2026).
Market capitalization is small at Rs 19 Cr with a net worth of only Rs 2 Cr.
TTM EPS stands at Rs -0.03 reflecting ongoing losses.

💡 Watch for any signs of revenue generation in the July 30 results, as the company has been operationally stagnant with zero revenue in the last three reported quarters.

₹1.85 Open Offer for 26% Stake in Jai Mata Glass Following 44.57% Promoter Acquisition

🔵 WATCH ⭐ 9/10

M&A 📅 20 Jul 2026, 02:47 PM

A group of individual acquirers led by Mr. Ashwani Gulati has entered into a Share Purchase Agreement (SPA) to acquire 4,45,65,460 shares (44.57% stake) from the existing promoters at ₹1.85 per share. This has triggered a mandatory open offer to public shareholders for an additional 26.00% stake (2,60,00,000 shares) at the same price of ₹1.85. The total SPA consideration is ₹8.24 crore, which is significant compared to the company's current net worth of ₹2 crore. The offer price of ₹1.85 is at a discount to the current market price of ₹2.2.

Acquisition of 44.57% stake (4,45,65,460 shares) via SPA at ₹1.85 per share
Mandatory Open Offer for 26.00% stake (2,60,00,000 shares) at ₹1.85 per share
Total SPA transaction value of ₹8,24,46,101
Acquirers' combined certified net worth exceeds ₹12.19 crore
Existing promoters (Anu Marwah, Inesh Marwah, and J P Overseas) to exit their entire 44.57% holding

💡 Investors should monitor the upcoming Letter of Offer for the specific tendering period and evaluate the new management's background in steel and metals trading for potential business turnaround, given the company's current zero-revenue status.

44.57% Stake Sale: New Promoters to Acquire Jai Mata Glass at ₹1.85 per Share

🔵 WATCH ⭐ 9/10

M&A 📅 13 Jul 2026, 08:29 PM

The existing promoter group of Jai Mata Glass, including the Marwah family, has entered into a Share Purchase Agreement (SPA) to sell their entire 44.57% stake to a new group of acquirers led by Mr. Ashwani Gulati. The deal involves 4.45 crore shares at a price of ₹1.85 per share, totaling ₹8.24 crore. This transaction has triggered a mandatory open offer for an additional 26% stake (2.6 crore shares) from public shareholders. Upon completion, the new acquirers will take full management control of the company.

Acquisition of 4,45,65,460 equity shares representing 44.57% of the paid-up capital.
Transaction price of ₹1.85 per share is approximately 16% lower than the current market price of ₹2.2.
Mandatory open offer triggered for 2,60,00,000 shares representing 26% of the company.
Total consideration for the promoter stake sale is ₹8,24,46,101.
Detailed Public Statement regarding the open offer is scheduled to be published by July 20, 2026.

💡 Investors should monitor the Detailed Public Statement due by July 20, 2026, to understand the new promoters' background and their strategic roadmap for the company. Compare the final open offer price with the prevailing market price before deciding on tendering shares.

44.57% Stake Acquisition Triggers Open Offer at ₹1.85 per Share

🟡 NEUTRAL ⭐ 9/10

M&A 📅 13 Jul 2026, 08:14 PM

A group of acquirers led by Mr. Ashwani Gulati and Ms. Kiran Gulati has entered into a Share Purchase Agreement (SPA) to acquire a 44.57% controlling stake in Jai Mata Glass Ltd from the existing promoter group. This transaction, valued at ₹8.24 crore, has triggered a mandatory open offer for an additional 26.00% stake (2.6 crore shares) from public shareholders. The offer price is set at ₹1.85 per share, which is currently at a discount to the market price of ₹2.2. The total potential cash outflow for the open offer is ₹4.81 crore, representing a complete change in management control.

Acquisition of 4,45,65,460 shares (44.57% stake) via SPA at ₹1.85 per share
Mandatory Open Offer for 2,60,00,000 shares (26.00% stake) at ₹1.85 per share
Total consideration for the SPA acquisition is ₹8.24 crore
Total potential consideration for the Open Offer is ₹4.81 crore
Detailed Public Statement (DPS) to be published by July 20, 2026

💡 Monitor the Detailed Public Statement (DPS) due by July 20, 2026, to understand the new management's background and strategic intent. Given the offer price of ₹1.85 is below the current market price of ₹2.2, the offer is currently unattractive for tendering shares.

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