Meeting Details

  • Date: Friday, September 25, 2026
  • Time: Commenced at 04:00 P.M. (IST) and concluded at 5:15 P.M.
  • Location: Hotel Balaji, Central Sailana Road, Near Amrit Garden, Opposite GTB Academy School, Barbad Mandir, Ratlam - 457 001, Madhya Pradesh
  • Type: 9th Annual General Meeting conducted through hybrid mode (physical presence with remote e-voting facility)

Proposed Resolutions and Implications

The AGM considered five agenda items with the following implications:

  • Item No. 1: Adoption of audited financial statements for FY26 together with reports of Board of Directors and Auditors (Ordinary Resolution)
  • Item No. 2: Re-appointment of Mr. Santosh Kataria (DIN: 02855068) who retires by rotation (Ordinary Resolution)
  • Item No. 3: Re-appointment of Mr. Santosh Kataria as Chairman and Managing Director for five years effective October 1, 2026 (Special Resolution)
  • Item No. 4: Re-appointment of Mr. Anil Kataria (DIN: 00092730) as Whole-time Director for five years effective October 1, 2026 (Special Resolution)
  • Item No. 5: Alteration of Articles of Association by insertion of new Article 165 regarding marking of specified securities as non-transferable (Special Resolution)

Voting Process and Methods

The voting process included:

  • Remote e-voting: Available through NSDL from 9:00 A.M. on Tuesday, September 22, 2026, to 5:00 P.M. on Thursday, September 24, 2026
  • Cut-off date: Friday, September 18, 2026 for determining voting rights
  • Physical polling: Poll Papers distributed at meeting venue for members not voting remotely
  • Scrutinizer: M/s. Prasad and Partners LLP, Company Secretaries (formerly M/s ALAP & Co. LLP) appointed to scrutinize all votes
  • No show of hands: All voting conducted through poll process

Key Voting Outcomes

The document states that voting results would be declared within 48 hours after the meeting and made available on the Company's website. Specific voting percentages and totals are not provided in this proceedings document.

Scrutinizer's Role

M/s. Prasad and Partners LLP was appointed as Scrutinizer to scrutinize votes cast during the meeting and through remote e-voting. The Scrutinizer displayed the empty Ballot Box to members present and locked it in their presence before voting commenced.

Compliance with Laws and Regulations

The document confirms compliance with applicable regulations:

  • SEBI (LODR) Regulations, 2015 - Regulation 30 and Part-A of Schedule III
  • Companies Act, 2013 requirements for AGM proceedings
  • Annual Report circulated in compliance with MCA and SEBI regulations
  • Register of Directors and KMP, Register of Contracts, and Draft Altered Articles of Association were available for inspection

Secretarial Audit Observation

A Secretarial Audit Report observation noted a delay of one working day in filing intimation of an analysts/institutional investors meet held on November 6, 2025. The delay occurred due to inadvertent oversight of trading holidays (November 5, 2025 was Guru Nanak Jayanti holiday). The Company stated the lapse was unintentional and internal compliance review mechanisms have been strengthened.

Financial Performance Highlights (FY26)

  • Revenue: Increased by 23% to approximately ₹4,070 crore
  • EBITDA: Increased by 77% to approximately ₹310 crore (EBITDA margin: 7.61%)
  • Profit After Tax: Increased by 88% to approximately ₹212 crore (PAT margin: 5.20%)
  • Current ratio: Improved to 2.14
  • Debt-equity ratio: 0.45
  • Debt service coverage ratio: 11.42 times
  • Return on equity: 40.87%
  • Return on capital employed: 32.49%
  • Inventory turnover: Moderated from 5.64 times to 4.72 times

Operational and Strategic Updates

  • Retail expansion: Opened new showroom in Dhar, increasing network to 12 stores (53,650 sq. ft. retail area)
  • Gujarat entry: Inaugurated D. P. Jewellers showroom in Dahod on September 24, 2026 (13th store)
  • Digital initiatives: Launched e-commerce platform and mobile application with omnichannel strategy
  • Customer programs: Gold exchange program and DP Swarn Plus gold accumulation scheme
  • Expansion plans: Pipeline of new stores across Madhya Pradesh, Rajasthan, Gujarat, Maharashtra, and Chhattisgarh for FY27-FY28
  • Footfall conversion: 82-83% during FY26
  • Product mix: Wedding jewellery (60%), festival/lightweight jewellery (25%), corporate gifting (15%)

Attendance and Quorum

  • Thirty-six members personally present including 3 body corporates through authorized representatives
  • Quorum confirmed as duly convened