Annual Report FY 2025-26

31, Sector-C, Industrial Area, JASH Sanwer Road, Indore - 452015, M.P., India ENGINEERING info@jashindia.com LIMITED +91-731- 2720143, 2721143, 6732700 JASH ENGINEERING LIMITED 52nd ANNUAL REPORT CIN L28910MP1973PLC001226 2025 - 26 I N D E X • Directors' Report 48 • Corporate Information 04 • Management Discussion & Analysis Report 80 • Engineering The Flow of Progress 08 • Corporate Governance Report & Annexures 99 • Chairman's Speech 10 Statutory Corporate Reports • Jash at a Glance 12 Overview • About Jash Engineering 14 • The Journey of Jash 16 • Our Vision, Mission & Core Values 18 • Our Products 20 • New Product Development 22 • Our Manufacturing Capabilities 24 • Our Clients 28 • Standalone 198 • Recognition for Excellence 30 • Consolidated 292 • Future Outlook 32 • Consistently Delivering Inclusive Growth 34 Financial • Key Highlights of the Year 36 Statements • Key Projects Executed 38 • Event Highlights 44 Corporate Overview Statutory Reports | Financial Statements BOARD OF DIRECTORS Pratik Patel (Chairman & Managing Director) Suresh Patel CORPORATE (Executive Director) Axel Schutte (Director) INFORMATION Rahul Patel (Director) Vishwapati Trivedi (Independent Director upto 12.08.2025) Durgalal Tuljaram Manwani (Independent Director) Brij Mohan Maheshwari (Independent Director) Sunita Kishnani (Independent Director) Rakesh Bhawsar (Independent Director w.e.f. 07.08.2025) Dharmendra Jain (Chief Financial Officer) Tushar Kharpade (Company Secretary) 04 Annual Report 2025-26 Annual Report 2025-26 05 Corporate Overview Statutory Reports | Financial Statements BANKERS State Bank of India Commercial Branch, GPO, Indore - 452 001 (M.P.) HDFC Bank Ltd. South Tukoganj CORPORATE Branch, Indore - 452 001 (M.P.) AXIS Bank Ltd. INFORMATION Yashwant Niwas Road, Indore - 452 001 (M.P.) India Exim Bank Unit No. 800-802, 8th Floor, Maloo 01 Plot No 26, Scheme No 94 C Ring Road, Indore 452010 ICICI Bank Limited 4, Chhoti Khajrani, SECRETARIAL AUDITOR Malav Parisar, Indore, Indore, CS Ankit Joshi Madhya Pradesh, 452008 15/5, Snehlataganj, Indore 452 001 STATUTORY AUDITORS Deloitte Haskins & Sells LLP REGISTRAR AND SHARE Lotus Corporate Park 1 st Floor, TRANSFER AGENT Wing A - G CTS No.185/A, MUFG Intime India Private Limited Jay Coach Off Western Express C101, 247 Park, L.B.S. Marg, Highway Goregaon (East), Vikhroli (W), Mumbai - 400 063 Mumbai 400083 Maharashtra, India 52nd ANNUAL GENERAL MEETING at 05:30 PM on Wednesday, 23rd September, 2026 Mode: VC/OAVM INTERNAL AUDITORS & REGISTERED AND HEAD OFFICE CORPORATE ADVISORS Jash Engineering Ltd., Mahesh C. Solanki & Co. 31, Sector ‘C’, Industrial Area, (Chartered Accountants) Sanwer Road, 803, Airent Heights, City: Indore, PIN – 452 015, PU-3, Sch. No. 54 State: M.P., Opp. Malhar Mega Mall, Country : INDIA A.B. Road, Indore COST AUDITORS M.P. Turukhia & Associates (Cost Accountants) 404, Shalimar Corporate Centre 8-B, South Tukoganj, Indore - 452 001 06 Annual Report 2025-26 Annual Report 2025-26 07 Corporate Overview Statutory Reports | Financial Statements ENGINEERING THE FLOW OF PROGRESS Water is more than a resource - it is the foundation of life, communities, industries, and sustainable growth. At JASH, we engineer solutions that move water efficiently, safely and reliably across critical infrastructures worldwide. Every solution we create is designed to support the essential networks that keep cities functioning and industries moving. With innovation at our core and quality in every detail, we continue to build systems that create lasting value for generations to come. 08 Annual Report 2025-26 Annual Report 2025-26 09 Corporate Overview Statutory Reports | Financial Statements CHAIRMAN’S Against this backdrop, Jash The order book reflects not only the trust Engineering continued to demonstrate that customers place in Jash Engineering the strength. During FY2025-26, the but also the growing relevance of our Company reported consolidated products and solutions in addressing revenue of 577 crore. While our global water infrastructure challenges. SPEECH performance was impacted by Looking ahead, we remain optimistic temporary disruptions in export about the future. While geopolitical shipments and tariff-related developments and global trade Dear Shareholders, uncertainties in the United States, our uncertainties may continue to influence domestic business delivered healthy It gives me immense pleasure to present the 52nd Annual Report of Jash Engineering short-term business conditions, the long- performance. More importantly, the Limited. FY2025-26 was a year that highlighted both the opportunities and complexities underlying demand environment term fundamentals of our industry remain of operating in a global marketplace. The year began with improving business sentiment across our key markets remained exceptionally strong. Water security, climate resilience, wastewater reuse, across major economies, supported by easing inflation and continued infrastructure robust. desalination and sustainable investments. However, as the year progressed, geopolitical tensions in the Middle East, One of the highlights of the year was infrastructure development will continue volatility in commodity prices and uncertainty surrounding global trade policies created our continued focus on strengthening to drive investments across the world for disruptions across supply chains and international markets. While these developments the business for the future. We many years to come. impacted business confidence and project execution in certain regions, they also completed the acquisition of WesTech Our strategic priorities remain clear: reinforced the importance of resilience, adaptability and long-term thinking. Process Equipment (India) Private strengthen our global presence, expand Limited and Penstock UK Limited, Amidst this evolving recognising water our product portfolio, improve further enhancing our capabilities in global environment, India security as a strategic operational excellence, integrate our process equipment and strengthening continued to stand out as priority, while recent acquisitions successfully and our presence in key international one of the fastest- sustainability and climate create sustainable value for all markets. These acquisitions expand our growing major economies resilience continue to stakeholders. We remain committed to product portfolio, deepen customer in the world. Strong drive infrastructure our long-term aspiration of building a relationships and create new avenues domestic demand, spending. These 1,500 crore-plus enterprise over the next for growth. sustained infrastructure structural trends provide five years while maintaining our focus on spending, supportive a strong foundation for We also continued to invest in profitability, governance and innovation. government policies and sustained growth and manufacturing capabilities, operational On behalf of the Board of Directors, I continued investments in position Jash Engineering efficiency and technology, ensuring would like to express my sincere manufacturing created a favourably for the future. that Jash remains well positioned to gratitude to our customers, employees, favourable environment capture future opportunities. Today, business partners, shareholders and all for industrial growth. our products serve critical stakeholders for their continued trust and More importantly, India's infrastructure projects across municipal support. The achievements of Jash focus on water security, water systems, wastewater treatment Engineering are a reflection of your sanitation and plants, industrial facilities, hydropower confidence in our vision and the infrastructure projects, desalination plants and flood dedication of our teams across the world. development continued control applications across multiple to strengthen, creating geographies. As we move forward, we remain significant opportunities confident that the strong foundations we As of 1s [Showing first 8,000 characters — download PDF for full document]