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Jindal Capital Ltd (530405)

📊 BSE: 530405 🏢 Other Financial Services 📢 Latest filing: 01 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Jindal Capital's revenue was ₹1.1 Cr (+40.1% year on year, -20.1% on the previous quarter), and net profit ₹0.3 Cr (+59.0% year on year); the operating margin was 59.0%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹1.1	+40.1%	-20.1%
Operating profit	₹0.6	+72.0%	-11.6%
Net profit	₹0.3	+59.0%	-6.5%
EPS (₹)	0.44	+57.1%	-6.4%
Operating margin	59.0%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Jindal Capital Shareholders Approve Rs 500 Cr Borrowing Limit at 32nd AGM

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 01 Oct 2026, 05:35 PM

Jindal Capital Limited has announced the voting results for its 32nd Annual General Meeting held on September 30, 2026. All six resolutions were approved by shareholders with over 99.9% votes in favor, including the adoption of FY26 financial statements and director re-appointments. Crucially, shareholders passed a special resolution authorizing the Board to borrow funds up to Rs 500 crore under Section 180(1)(c). This borrowing headroom is massive compared to the company's current market cap of Rs 25 crore and existing debt of Rs 14 crore.

Shareholders approved an enabling borrowing limit of up to Rs 500 Crores under Section 180(1)(c)
All 6 resolutions passed with over 99.99% of polled votes in favor
Overall turnout was 71.55% of outstanding shares (51,57,169 votes polled out of 72,08,100 total shares)
Mr. Sadhu Ram Aggarwal re-appointed as Director and remuneration approved for Chairman and ED/CFO

💡 Track whether management announces concrete debt-raising plans or deployment strategies against the newly approved Rs 500 crore borrowing limit.

Jindal Capital 32nd AGM: Borrowing Limit Raised to ₹500 Cr, Key Remuneration Hikes Approved

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 30 Sep 2026, 05:54 PM

Jindal Capital concluded its 32nd Annual General Meeting on September 30, 2026, with shareholders approving key special resolutions. Notably, the board's borrowing powers under Section 180(1)(c) were increased to ₹500 crore, significantly above its current net worth of ₹12 crore and debt of ₹14 crore. Shareholders also approved the regularization of Mr. Nischal Mittal as Independent Director and doubled the monthly remuneration caps for CMD Sadhu Ram Aggarwal and CFO Divya Aggarwal to ₹2,00,000 per month each (effective October 1, 2026).

Shareholders approved an enabling borrowing limit under Section 180(1)(c) of up to ₹500 Crores
CMD Sadhu Ram Aggarwal's monthly remuneration ceiling doubled from ₹1,00,000 to ₹2,00,000
Executive Director and CFO Divya Aggarwal's monthly remuneration ceiling doubled to ₹2,00,000 effective October 1, 2026
Regularized appointment of Mr. Nischal Mittal (DIN: 10712095) as Independent Director
Requisite quorum of 47 members attended the 32nd AGM held on September 30, 2026

💡 Track the upcoming disclosure of voting results under Regulation 44 and subsequent quarterly filings to observe if the expanded ₹500 crore borrowing limit leads to actual leverage or business expansion.

Jindal Capital Files DLOF for Rights Issue of up to Rs 20 Crore

🟡 NEUTRAL ⭐ 9/10

FUNDRAISE 📅 27 Aug 2026, 08:11 PM

Jindal Capital Limited has filed its Draft Letter of Offer (DLOF) for a proposed Rights Issue of fully paid-up equity shares (face value Rs 10) to raise an aggregate amount not exceeding Rs 20 crore (Rs 2,000 lakhs). The proposed issue size is substantial, representing ~87% of the company's current market capitalization (Rs 23 crore) and ~167% of its net worth (Rs 12 crore). Key issue details, including the issue price, rights entitlement ratio, and record date, are currently pending determination and will be notified subsequently. MUFG Intime India Private Limited has been appointed as the Registrar to the Issue.

Proposed Rights Issue size not exceeding Rs 20.00 crore (Rs 2,000 lakhs)
Equity shares to be issued at face value of Rs 10 each
Issue price, rights entitlement ratio, and record date are currently marked as [●] and will be fixed later
MUFG Intime India Private Limited appointed as the Registrar to the Issue

💡 Track upcoming board/committee announcements regarding the determination of the issue price, rights entitlement ratio, and record date for eligibility.

Jindal Capital approves Rights Issue of up to ₹20.00 crore

🔵 WATCH ⭐ 9/10

FUNDRAISE 📅 27 Aug 2026, 06:02 PM

The Board of Directors of Jindal Capital Ltd has approved raising funds via a Rights Issue for an aggregate amount not exceeding ₹20.00 crore. The proposed equity shares will have a face value of ₹10 each and will be offered to eligible shareholders on a rights basis. With the company's current market capitalization at approximately ₹23 crore and net worth at ₹12 crore, the fundraise represents a significant balance sheet expansion of roughly 87% of market cap. Crucial terms such as the issue price, rights entitlement ratio, and record date will be determined by the Board in due course.

Board approved raising funds up to ₹20.00 crore via a Rights Issue.
Proposed issuance of fully paid-up equity shares of face value ₹10 each for cash.
Issue size of ₹20.00 crore compares against the current market cap of ₹23 crore (~87%).
Detailed terms including issue price, rights ratio, and record date to be finalized later.

💡 Track subsequent filings for the announcement of the rights issue price, entitlement ratio, record date, and stated use of proceeds.

Jindal Capital Board Approves Rights Issue of Up to ₹20 Crore

🔵 WATCH ⭐ 9/10

FUNDRAISE 📅 27 Aug 2026, 06:00 PM

Jindal Capital's Board of Directors has approved a proposal to raise funds through a Rights Issue of fully paid-up equity shares (face value ₹10 each) for an aggregate amount not exceeding ₹20.00 crore. The proposed issue size is substantial relative to the company's current market capitalization of ~₹23 crore and net worth of ~₹12 crore. Key terms including the issue price, rights entitlement ratio, and record date will be determined by the Board in due course.

Board approved raising funds via Rights Issue for an amount not exceeding ₹20.00 crore
Securities to be issued are fully paid-up equity shares with a face value of ₹10 each
Issue size represents ~87% of company's current market cap (₹23 crore) and ~167% of net worth (₹12 crore)
Issue price, rights entitlement ratio, and record date to be decided and intimated later

💡 Track subsequent filings for the rights issue price, entitlement ratio, and record date to evaluate the dilution impact and subscription terms.

Jindal Capital Board to Consider Rights Issue on August 27, 2026

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 24 Aug 2026, 03:29 PM

Jindal Capital Ltd has scheduled a Board of Directors meeting for August 27, 2026, to consider and approve a proposal for raising funds via a Rights Issue of equity shares. The company currently has a market capitalization of approximately ₹22 Cr and a net worth of ₹12 Cr. Trading window for designated persons has been closed immediately and will reopen 48 hours after the conclusion of the board meeting. Issue size, price, and entitlement ratio details will be determined during or following the meeting.

Board meeting scheduled for August 27, 2026, to consider a Rights Issue proposal
Fundraise proposed through issuance of equity shares under applicable statutory regulations
Trading window closed with immediate effect until 48 hours after the meeting

💡 Track the outcome of the August 27, 2026 board meeting for final approval, issue size, rights price, dilution magnitude, and record date.

Resignation of Independent Director Subhash Kumar Changoiwala effective August 15, 2026

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 13 Aug 2026, 05:08 PM

Mr. Subhash Kumar Changoiwala (DIN: 00015235) has resigned from his position as an Independent Director of Jindal Capital Ltd, effective August 15, 2026. The resignation is attributed to personal reasons, and the director has confirmed there are no other material reasons for his departure. As a result, he will also step down from his role as a member of the Audit Committee. The company, which has a small market capitalization of Rs 23 Cr and TTM revenue of Rs 4 Cr, will need to ensure board composition remains compliant with SEBI regulations.

Resignation of Independent Director effective from August 15, 2026
Director also ceases to be a member of the Audit Committee
Company reported TTM revenue of Rs 4 Cr and PAT of Rs 1 Cr
Promoter holding remains stable at 71.34% as of March 2026

💡 Monitor the company's upcoming filings for the appointment of a new Independent Director to ensure continued compliance with SEBI board composition and Audit Committee requirements.

Jindal Capital Reports 40.6% YoY Revenue Growth in Q1 FY27; Appoints New Independent Director

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Aug 2026, 04:06 PM

Jindal Capital Ltd reported a strong year-on-year performance for the quarter ended June 30, 2026, with total income rising 40.6% to ₹1.10 crore. Net profit followed suit, increasing 47.7% YoY to ₹0.32 crore, although it saw a slight sequential decline from the ₹0.34 crore reported in March 2026. The company also strengthened its board by appointing Mr. Nischal Mittal, a Chartered Accountant with over 10 years of experience in investment banking and IBC, as an Additional Independent Director. Despite the growth, the company remains a micro-cap with a market capitalization of only ₹22 crore.

Total income for Q1 FY27 stood at ₹1.10 crore, up from ₹0.78 crore in the same quarter last year.
Net profit increased to ₹0.32 crore compared to ₹0.22 crore in Q1 FY26, representing a 47.7% growth.
Earnings Per Share (EPS) improved to ₹0.44 from ₹0.28 on a year-on-year basis.
Appointment of Mr. Nischal Mittal (CA) as Independent Director, bringing 10+ years of experience from firms like PwC.
Finance costs for the quarter were minimal at ₹0.28 lakhs, indicating low interest-bearing debt servicing for the period.

💡 Investors should monitor if the company can maintain this 40%+ YoY growth rate in subsequent quarters and watch for any strategic shifts following the appointment of a director with investment banking and IPO expertise.

Jindal Capital Q1 PAT Rises 16% YoY to ₹0.23 Cr; Appoints New Independent Director

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 04:03 PM

Jindal Capital reported a total income of ₹1.10 crore for the quarter ended June 30, 2026, marking a 40.6% growth compared to ₹0.78 crore in the same period last year. Net profit increased by 16.2% YoY to ₹0.23 crore, although it saw a sequential decline from ₹0.34 crore in the March 2026 quarter. The company also strengthened its board by appointing Mr. Nischal Mittal, a Chartered Accountant with investment banking experience, as an Independent Director. Despite the YoY growth, the company remains a micro-cap entity with a small operational scale and a debt-to-equity ratio of 1.16.

Total income for Q1 FY27 increased to ₹109.87 lakhs from ₹78.11 lakhs in Q1 FY26.
Net profit for the quarter stood at ₹23.49 lakhs, up from ₹20.21 lakhs in the year-ago period.
Earnings Per Share (EPS) improved to ₹0.33 from ₹0.28 on a year-on-year basis.
Total expenses rose by 34.8% YoY to ₹78.06 lakhs, primarily due to higher employee benefits and other costs.
Mr. Nischal Mittal appointed as Additional Independent Director, bringing over a decade of experience in investment banking and IBC resolution.

💡 Investors should monitor the company's ability to scale its revenue beyond the current ₹4-5 crore annual range and observe if the new board appointment leads to improved strategic direction or governance.

Jindal Capital Q1 Net Profit at ₹0.23 Cr; Appoints Nischal Mittal as Independent Director

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 12 Aug 2026, 03:53 PM

Jindal Capital reported a total income of ₹1.10 crore for the quarter ended June 30, 2026, representing a 40% year-on-year growth compared to ₹0.78 crore in June 2025. Net profit for the quarter stood at ₹0.23 crore, a slight increase from ₹0.20 crore in the same period last year, though it declined sequentially from ₹0.50 crore in March 2026. The company also strengthened its board by appointing Mr. Nischal Mittal, a Chartered Accountant with investment banking experience, as an Independent Director. The board reconstituted four key committees, including Audit and Risk Management, to integrate the new appointee.

Total income for Q1 FY27 reported at ₹109.87 lakhs (₹1.10 Cr).
Net profit after tax stood at ₹23.49 lakhs (₹0.23 Cr) for the quarter.
Earnings Per Share (EPS) for the quarter ended June 2026 is ₹0.44.
Appointment of Mr. Nischal Mittal as Additional Director (Independent) effective August 12, 2026.
Reconstitution of Audit, Nomination, Stakeholders, and Risk Management committees.

💡 Investors should monitor if the new board appointment leads to improved strategic direction or fund-raising, given the appointee's background in investment banking, and track the company's ability to sustain its high operating margins (57.6%).

Jindal Capital Board Meeting on Aug 12 to Approve Q1 Results and Appoint Independent Director

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 07 Aug 2026, 01:24 PM

Jindal Capital Ltd has scheduled a board meeting for August 12, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The board will also consider the appointment of Mr. Nischal Mittal as an Additional Independent Director. This follows a fiscal year (FY26) where the company generated Rs 4.1 cr in revenue and Rs 1.13 cr in net profit. The company currently operates with a high operating margin of 57.6% but has a small market capitalization of Rs 22 cr.

Board meeting scheduled for August 12, 2026, to approve Q1 FY27 results.
Proposed appointment of Mr. Nischal Mittal (DIN: 10712095) as an Independent Director.
Trading window remains closed from July 1, 2026, until 48 hours after the results are declared.
Company reported a TTM revenue of Rs 4 cr and a TTM PAT of Rs 1 cr as of March 2026.

💡 Investors should monitor the Q1 FY27 results on August 12 to evaluate if the company can sustain its revenue growth, which rose from Rs 0.77 cr in June 2025 to Rs 1.35 cr in March 2026.

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