Jain Irrigation Systems Bags ₹118 Cr Order from Maharashtra State Electricity Distribution Company Limited
Jain Irrigation secured a ₹117.96 crore empanelment from MSEDCL for 5,000 solar pumps. The project is to be completed within 60 days under Maharashtra's solar irrigation scheme.
Value
₹118.0 Cr
From
Maharashtra State Electricity Distribution Company Limited (MSEDCL)
CRISIL reaffirmed JISL's BBB-/Negative ratings on bank loan facilities and NCDs. Rated bank facility size decreased after withdrawal of portions following no-dues certificates.
Jain Irrigation Systems Price Movement Clarification
Jain Irrigation Systems Limited clarified that recent volume spurts in its securities are not driven by undisclosed material information. The company remains compliant with SEBI disclosure requirements.
CRISIL Ratings has reaffirmed the 'BBB-/Negative' and 'A3' credit ratings for Jain Irrigation Systems Limited's bank loan facilities and non-convertible debentures.
Management admits to a muted Q1 FY27 with revenue down 2.5% and compressed margins due to raw material volatility and delayed monsoon, despite expressing optimism for a second-half recovery.
Jain Irrigation Systems Limited held its 39th Annual General Meeting on August 10, 2026. Shareholders transacted business including the adoption of financial statements and director reappointments.
Jain Irrigation Systems Ltd scheduled a board meeting for August 10, 2026, to review and approve the unaudited financial results for the quarter ended June 30, 2026.
Jain Irrigation Systems convened its 39th AGM for August 10, 2026. Key agenda items include adopting financial statements and ratifying auditor remunerations.
Jain Irrigation approved the FY2025-26 Board's Report and convened its 39th AGM. The board also recommended director re-appointments and approved remuneration for related party appointments.
Jain Irrigation has commissioned one of the world's largest single-unit biochar facilities in Maharashtra. The plant processes 20,000 tonnes of residue annually, supporting carbon removal initiatives.
ICRA Limited downgraded Jain Irrigation Systems Limited's credit rating for its ₹787.24 Crore Non-Convertible Debentures from [ICRA]BBB-(Negative) to [ICRA]BB+(Negative) and subsequently withdrew it at the company's request. The company maintains a valid rating from CRISIL.
Jain Irrigation Systems Ltd has scheduled a Board Meeting on May 15, 2026. The board will review and approve standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The company's trading window has been closed since March 28, 2026, in compliance with SEBI insider trading regulations.
Mr. Aroop Sircar has stepped down from the Board of Jain Irrigation Systems Limited as a Non-Executive Nominee Director effective April 25, 2026. The cessation follows the completion of his appointed term.
Mr. Aroop Sircar has resigned as Nominee Director of Jain Irrigation Systems Ltd. effective April 25, 2026, following the completion of his three-year tenure. Appointed by State Bank of India, Sircar confirmed there were no material reasons for his departure other than his term expiry. The company has acknowledged the cessation of his directorship.
