Jivial Industries544805Quarterly results

Board approves H1 results, independent director changes and IPO fund-use statement

Board meeting of 5 November 2026 approved unaudited standalone results for the half year ended 30 September 2026; the Limited Review Report says nothing came to the auditors' attention indicating material misstatement.

By ScoutQuest · Thu 5 Nov 2026, 6:16 PM IST · 2 min read

Revenue from operations (H1 FY27): 1,119.15 lakh for six months ended 30-09-2026 vs 894.94 lakh prior year
Profit after tax (H1 FY27): 166.45 lakh for six months ended 30-09-2026 vs 227.49 lakh prior year
Unutilised IPO proceeds: 1,045.24 lakh of original allocation 2,664.82 lakh as at 30/09/2026

Results for the half year

The Board approved unaudited standalone financial results for the half year ended 30 September 2026, with figures stated in Rs in lakh.

Revenue from operations: 1,119.15 for the six months ended 30-09-2026, against 894.94 for the six months ended 30-09-2025.
Total income: 1,126.75.
Profit after tax: 166.45, against 227.49 for the six months ended 30-09-2025.
Total assets: 4,052.51; total shareholders' funds: 3,617.58 as at 30-09-2026.
Earnings per share (basic and diluted, face value of Rs 10 each): 4.17.
Cash and cash equivalents at the close of the half year: 1,063.38.

Auditor's conclusion

The Limited Review Report by S V J K and Associates, Chartered Accountants, states that nothing has come to their attention that causes them to believe the statement has not disclosed the information required under Regulation 33 or that it contains any material misstatement. A limited review is narrower in scope than a full audit.

Board changes

Mr. Shivam Dineshbhai Sakariya (DIN: 12015703) appointed as an Additional Director (Non-Executive & Independent) on the recommendation of the NRC Committee, for a period of 01 years from 05 November 2026. The update describes him as a qualified engineer with knowledge of dies industries and an understanding of finance.
Mr. Yogeshbhai Kantilal Trivedi (DIN: 10496888) resigned as Non-Executive (Independent) Director with effect from close of business hours on 05 November 2026, citing pre-occupation and other personal commitments. He also steps down as Member of the Audit Committee and the Nomination and Remuneration Committee, and confirmed there are no other material reasons for the resignation.
The Board approved reconstitution of the Committees of the Board following the change in management.

IPO proceeds utilisation

The Board approved the statement on deviation(s) or variation(s) in utilisation of funds raised through the Initial Public Offer for the half year ended 30 September 2026, reviewed and approved by the Audit Committee. Figures are in Rs in lakh.

Original allocation 2,664.82; utilised up to 30/09/2026 1,619.58; balance 1,045.24.
Purchase of new machineries: allocated 1,440.00, utilised 515.00, balance 925.00.
Capital expenditure for renovation of manufacturing facility: allocated 400.00, utilised 302.74, balance 97.26.
General corporate purpose: allocated 399.39, utilised 376.41, balance 22.98.
Issue expenses: 425.43, fully utilised.

Other decisions

Withdrawal of the Postal Ballot Notice dated 22 October 2026, as the requirements for the same could not be fulfilled.
Partial change in the vendor for procurement of the machinery disclosed in the Prospectus.

Background from the update

The IPO comprised a fresh issue of 13,59,600 equity shares of face value of Rs 10 each at a premium of Rs 186 per equity share, aggregating Rs 26,64,81,600, plus an offer for sale of 2,32,600 equity shares by the selling shareholders.
The equity shares were listed on the SME platform of BSE on 1 July 2026.

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