Jivial Industries Ltd (544805)

Jivial Industries has announced a partial change in vendors for procuring machinery funded via its IPO proceeds under Object No. 1. The board approved replacing vendors for machinery sets 1, 2, 3, 5, and 6, which include a 700 Ton and a 1450 Ton aluminium extrusion press, an 800 KVA transformer, and rebar machinery. Management stated that the change was made to optimize technical capabilities and delivery schedules. Crucially, the total machinery cost, IPO proceeds utilization, and project timelines remain unchanged.

• Board approved vendor change on November 4, 2026, for machinery sets 1, 2, 3, 5, and 6 disclosed in the June 17, 2026 Prospectus
• Key equipment includes a 700 Ton and a 1450 Ton Aluminium Extrusion Press, shifting from Angel Extrusion to Bajrang Extrusion Machinary
• Electrical equipment vendor changed from Opel Electrical Co. to Electro control systems india Pvt. Ltd. for an 800 KVA transformer setup
• Management confirms zero change in machinery costs, scope, or overall project implementation timeline

Jivial Industries Ltd has announced changes to the composition of its Board committees under Regulation 30 of SEBI LODR Regulations on 05th November, 2026. In both the Audit Committee and Nomination and Remuneration Committee, Mr. Yogeshbhai Kantilal Trivedi has been replaced as a member by Mr. Shivam Dineshbhai Sakariya. Mr. Harsh Maheshbhai Varsani continues to chair the Audit Committee, and Mr. Bhavik Jamanbhai Gadhiya continues as Chairperson of the Nomination and Remuneration Committee. The restructuring is a routine governance update with no impact on business operations or financials.

• Board committees reconstituted via resolution dated 05th November, 2026
• Mr. Shivam Dineshbhai Sakariya inducted as Member of the Audit Committee, replacing Mr. Yogeshbhai Kantilal Trivedi
• Mr. Shivam Dineshbhai Sakariya also replaces Mr. Yogeshbhai Kantilal Trivedi on the Nomination and Remuneration Committee
• Mr. Harsh Maheshbhai Varsani retained as Audit Committee Chairperson
• Mr. Bhavik Jamanbhai Gadhiya retained as Nomination and Remuneration Committee Chairperson

Jivial Industries has appointed Mr. Shivam Dineshbhai Sakariya as an Additional Director (Non-Executive & Independent) effective November 5, 2026. The appointment was made following the recommendation of the Nomination and Remuneration Committee. Mr. Sakariya is a qualified engineer with background knowledge in the dies industry and finance. He holds no disclosed relationship with any of the current directors.

• Appointment of Mr. Shivam Dineshbhai Sakariya (DIN: 12015703) as Additional Director
• Categorized as Non-Executive & Independent Director
• Effective date of appointment is November 5, 2026
• No inter-se relationship with existing directors reported

Jivial Industries Ltd has submitted its Statement of Deviation/Variation under Regulation 32 for the period ended September 30, 2026. The company confirmed zero deviation or variation in the utilization of proceeds raised from its Initial Public Offer (IPO). The IPO had raised ₹2,664.82 Lakhs on June 29, 2026, through the issuance of 13,59,600 equity shares at ₹196 each. The statement was reviewed by the Audit Committee on November 05, 2026, with no adverse comments from auditors.

• Nil deviation or variation reported in the utilization of IPO proceeds for the half-year ended September 30, 2026
• Raised total funds of ₹2,664.82 Lakhs through an IPO on June 29, 2026
• Issued 13,59,600 equity shares of face value ₹10 at an issue price of ₹196 per share entirely as a fresh issue
• Audit Committee reviewed and approved the statement on November 05, 2026, with no auditor comments

Jivial Industries approved its unaudited financial results for the half-year ended September 30, 2026, alongside updates on IPO proceeds and board changes. The company reported zero deviation in utilizing its ₹26.65 Cr IPO proceeds raised on June 29, 2026, having deployed ₹16.20 Cr so far. Additionally, the board approved the appointment of Mr. Shivam Dineshbhai Sakariya as Independent Director following the resignation of Mr. Yogeshbhai Kantilal Trivedi, and withdrew its postal ballot notice dated October 22, 2026.

• Total IPO funds raised stood at ₹2,664.82 Lakhs (₹26.65 Cr) on June 29, 2026, across 13,59,600 equity shares at ₹196 per share
• Deployed ₹1,619.58 Lakhs (₹16.20 Cr) of IPO proceeds as of September 30, 2026, with zero deviation reported
• Capex deployment includes ₹515.00 Lakhs for machinery (out of ₹1,440.00 Lakhs allocation) and ₹302.74 Lakhs for facility renovation
• Independent Director Yogeshbhai Kantilal Trivedi resigned effective November 05, 2026, replaced by Shivam Dineshbhai Sakariya for a 1-year term
• Board approved a partial change in machinery procurement vendor and withdrew the postal ballot notice dated October 22, 2026

Jivial Industries has appointed Mr. Shubham Pravinbhai Sagpariya as Chief Financial Officer effective October 22, 2026. The appointment fills a casual vacancy resulting from the resignation of Ms. Dhara Jatin Vekariya. The company reported a net profit of Rs 3.754 crore on revenue of Rs 17.634 crore in the March 2026 quarter, supported by a low debt-to-equity ratio of 0.08. Investors should monitor corporate governance continuity and financial reporting quality following this key leadership transition.

• Appointment of Shubham Pravinbhai Sagpariya as CFO effective October 22, 2026
• Casual vacancy caused by the resignation of outgoing CFO Dhara Jatin Vekariya
• Filing executed under Regulation 30 of SEBI LODR Regulations, 2015
• Company posted March 2026 quarterly revenue of Rs 17.6343 crore and net profit of Rs 3.754 crore

Jivial Industries Limited concluded its 5th Annual General Meeting held on September 30, 2026, passing all ordinary resolutions unanimously. A total of 30,37,600 votes were polled across 7 folios, representing 64.2906% of the company's 47,24,800 outstanding shares. Both resolutions—adopting the FY26 audited financial statements and re-appointing Mrs. Sheetalben Anand Chovatiya as Director—received 100% approval of votes cast. Zero institutional votes were cast, with public non-institutional participation at 9.9934% (1,81,200 shares).

• All resolutions passed with 100% of votes cast in favour (30,37,600 votes)
• Overall voter turnout stood at 64.2906% of total 47,24,800 outstanding shares
• Promoter voting was 100% (28,56,400 shares), while public non-institutional turnout was 9.9934% (1,81,200 shares)
• Zero votes cast by public institutions out of 55,200 institutional shares held

Jivial Industries has appointed M/s. G R Shah & Associates as its Secretarial Auditor for the financial years 2025-26 and 2026-27. The appointment, effective from July 22, 2026, follows a recommendation from the Audit Committee. The auditor, led by Mr. Gaurang Shah, possesses over 10 years of experience in corporate law and SEBI compliance. This is a procedural regulatory filing to ensure compliance with the Companies Act and SEBI (LODR) Regulations.

• Appointment of M/s. G R Shah & Associates as Secretarial Auditor effective July 22, 2026
• Audit mandate covers two financial years: FY 2025-26 and FY 2026-27
• Proprietor Mr. Gaurang Shah brings over 10 years of professional experience in corporate laws and regulatory compliance
• The appointment was made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015

Jivial Industries has appointed M/s G R Shah & Associates as its Secretarial Auditor effective July 22, 2026. The appointment, recommended by the Audit Committee, covers the secretarial audits for the financial years 2025-26 and 2026-27. The firm's proprietor, Mr. Gaurang Shah, brings over 10 years of experience in corporate law and SEBI compliance. This is a standard regulatory appointment to ensure compliance with the Companies Act and SEBI regulations.

• Appointment of M/s G R Shah & Associates as Secretarial Auditor effective from July 22, 2026
• The audit mandate covers a two-year period including Financial Year 2025-26 and 2026-27
• The appointed auditor possesses more than 10 years of experience in corporate and SEBI compliances
• The appointment was made following the recommendation of the company's Audit Committee

Jivial Industries Ltd has scheduled a board meeting for July 22, 2026, to consider and approve its audited standalone financial results for the half-year and full year ended March 31, 2026. The board will also deliberate on the appointment of both Secretarial and Internal Auditors for the company. In compliance with SEBI insider trading regulations, the trading window for the company's equity shares has been closed effective July 18, 2026. This is a routine but essential meeting for the disclosure of annual performance and governance updates.

• Board meeting scheduled for July 22, 2026, at 05:00 P.M. IST.
• Agenda includes approval of audited results for the full year ended March 31, 2026.
• Trading window closed from July 18, 2026, until 48 hours after results are made public.
• Board to consider the appointment of both Internal and Secretarial Auditors.

Jivial Industries responded to a BSE query dated July 16, 2026, regarding significant movement in its share price. The company stated that it has disclosed all material information as per Regulation 30 of SEBI LODR. Management clarified they are unaware of any specific internal reasons for the price volatility. They attributed the movement to general market conditions and reiterated their commitment to compliance.

• BSE query received via email on July 16, 2026 (Ref No: L/SURV/ONL/PV/SG/2026-2027/4071)
• Company response submitted on July 17, 2026
• Company confirms compliance with Regulation 30 of SEBI (LODR) Regulations, 2015
• Management states price movement is purely market driven