Jinkushal Industries Limited has officially intimated the stock exchanges regarding the appointment of M/s Abhishek Jain & Associates as the Secretarial Auditor of the company. This appointment, approved by the Board of Directors during their meeting on April 25, 2026, is for the financial year 2025-26. The disclosure is made in compliance with Regulation 24(A) and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The board meeting held on April 25, 2026, commenced at 11:00 A.M. and concluded at 11:40 A.M., during which the appointment of the Raipur-based firm, Abhishek Jain & Associates, was finalized. The auditor, holding Certificate of Practice No. 14857 and Peer Review Certificate No. 2771/2022, will be responsible for conducting the Secretarial Audit and providing the Secretarial Compliance Report for the specified financial year. The firm is not related to any directors of the company, ensuring an independent audit process.
Jinkushal Industries, formerly known as Zenith Tie-Up Private Limited, operates across three primary business verticals: export trading of customized new construction machines, refurbished machinery, and its own brand “HexL”. Recognized as a Three-Star Export House by the DGFT, it is a leading Indian exporter of non-OEM construction equipment. In late 2025, the company’s subsidiary secured a significant repeat order from a North American customer for 100 units of HexL 420X Backhoe Loaders, valued at approximately $5 million (roughly ₹42 Crore). Additionally, the company successfully launched its IPO in September 2025, raising ₹116.15 Crore to fund working capital and general corporate purposes.
In the quarterly financial results for the period ended December 2025 (Q3 FY 2025-26), Jinkushal Industries reported a total revenue of ₹45.36 Crore. This represented a sharp quarter-on-quarter (QoQ) decline of 38.1% compared to the ₹73.24 Crore reported in Q2 FY26. Profitability also faced significant pressure, with the company reporting a net loss of ₹8.49 Crore for the quarter, compared to a net profit of ₹4.45 Crore in the previous quarter, marking a QoQ decrease of over 321%. Notable institutional presence in the company includes the Royal Alpha Opportunity Fund and the Vorton Capital Alternative Investment Trust.
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