Management Changes

  • Change in designation of Ms. Vaishali Sharad Lad (DIN: 10252839) from Additional Director (Non-Executive) to Additional Director (Whole-Time Director) effective July 24, 2026 for a period of 5 years, subject to member approval at the ensuing AGM. Ms. Lad has over 14 years of experience at Aspect Global Group with expertise in cash flow management, banking strategies, and structured finance.
  • Appointment of Mr. Rakesh Oza as Chief Financial Officer (CFO) effective July 24, 2026. Mr. Oza is a Chartered Accountant with expertise in financial advisory, taxation, financial planning, and compliance.
  • Resignation of Mr. Balakrishnan Thinagaran as Chief Financial Officer effective July 24, 2026 due to personal reasons and pre-occupation.
  • Appointment of Ms. Drishti Dawara (Membership No. A71811) as Company Secretary and Compliance Officer effective July 24, 2026. She has 3 years of post-qualification experience in corporate secretarial and regulatory compliance matters.
  • Noting of appointment of Mr. Arjun Bikas Dutta (DIN: 11845860) as Non-Executive Independent Director effective July 23, 2026.

Capital Structure and Memorandum Changes

  • Increase in Authorised Share Capital from ₹15,00,00,000 (3,00,00,000 equity shares of ₹5 each) to ₹40,00,00,000 (8,00,00,000 equity shares of ₹5 each) to provide greater financial flexibility and fund expansion into retail and bullion business, working capital requirements, and other corporate purposes. Subject to member approval.
  • Alteration of Main Object and Ancillary Objects (Clause III of Memorandum of Association) to include businesses related to goldsmiths, jewelers, bullion trading, mining, precious metals and stones trading platform, and technology-enabled services for bullion trading. Subject to member and regulatory approvals.
  • Shifting of Registered Office from Tamil Nadu to Maharashtra, subject to approval of Members and Regional Director.

Financial Results and Appointments

  • Approval of Unaudited Financial Results for quarter ended June 30, 2026:
  • Total Income: ₹11.24 lakh
  • Total Expenses: ₹56.21 lakh
  • Loss from Operations: ₹44.97 lakh
  • Net Loss: ₹44.97 lakh
  • Paid-up Equity Share Capital: ₹518.90 lakh
  • Basic and Diluted EPS: -₹0.39
  • Comparison with previous periods:
  • Q1 FY26: Net Profit of ₹2.56 lakh, EPS ₹0.02
  • Q4 FY25: Net Loss of ₹35.38 lakh, EPS -₹0.31
  • FY25: Net Loss of ₹103.42 lakh, EPS -₹0.84
  • Appointment of M/s. A. Arul Anto & Co. as Internal Auditor for FY 2026-2027
  • Appointment of Central Depository Services (India) Limited (CDSL) as agency for e-Voting at ensuing AGM
  • Approval of draft Notice of AGM, Board's Report and Secretarial Audit Report
  • Fixing of day, date and time for the ensuing 35th Annual General Meeting for FY 2025-2026

The financial results were reviewed by the Audit Committee and Statutory Auditors (KGS & Associates). The company has made arrangements for newspaper publication of results as per Listing Regulations.