Meeting Details

  • Date: Wednesday, September 30, 2026
  • Time: 11:00 A.M. (IST)
  • Venue: Conducted through Video Conferencing / Other Audio Visual Means. The deemed venue was the registered office of the company.
  • Type: Annual General Meeting

Proposed Resolutions and Implications

The AGM covered two ordinary business items:

1. To receive, consider and adopt the audited standalone financial statements for FY ended March 31, 2026, along with reports of the Board of Directors and Statutory Auditor, and the audited consolidated financial statements with the Statutory Auditor's report.

2. To appoint a director in place of Shri Vishan Deo (DIN: 07634994), who retires by rotation and offered himself for re-appointment.

Voting Process

  • The company provided remote e-voting and e-voting at the AGM facilities through KFin Technologies Limited.
  • Remote e-voting period: Commenced at 9:00 A.M. on September 27, 2026, and ended at 5:00 P.M. on September 29, 2026.
  • E-voting at AGM: Available for members who did not cast votes via remote e-voting but joined the meeting.
  • Cut-off date for voting rights: September 23, 2026. Voting rights were proportional to share in paid-up equity share capital as of this date.
  • Scrutinizer: Shri Ramit Rastogi, Practicing Company Secretary, was appointed to scrutinize the voting process in a fair and transparent manner.

Key Voting Outcomes

The results of voting were to be announced within 2 working days of the meeting's conclusion. Specific vote counts or percentages were not provided in this document.

Compliance and Scrutinizer's Role

The meeting was conducted in compliance with the Companies Act, 2013, SEBI LODR Regulations, 2015, and relevant MCA and SEBI circulars. The scrutinizer was responsible for ensuring a fair and transparent voting process.

Chairman's Speech Key Points

  • Debt-Free Status: The company cleared all bank debt obligations, achieving a significant milestone.
  • Fundraising: Completed preferential issue of Fully Convertible Warrants on April 10, 2026, raising ₹2,512.77 crores (including ₹716.55 crores from Promoter Group). Completed another preferential issue of equity shares and warrants on September 24, 2026, raising ₹500 crores (including ₹175 crores from Promoter).
  • Expansion Strategy: Executed MoUs with NSDC (under Ministry of Skill Development & Entrepreneurship) and Government of Uttar Pradesh (under CM YUVA scheme) to onboard entrepreneurs as franchisees in Tier 4 and below cities. Plans to establish up to 100 new showrooms (own and franchise) in the next 12-18 months.
  • New Brand: Planning to launch a new youth-focused jewellery brand featuring lightweight, budget-friendly, and trendy designs.
  • Mining Venture: Subsidiary incorporated PCJ Mining SARL in Chad, granted a license for semi-mechanized artisanal mining of gold.
  • Financial Performance: FY25-26 consolidated revenue from operations: ₹3,353 crore (vs. ₹2,245 crore previous year). Consolidated net profit: ₹722 crore (vs. ₹577 crore previous year). Interest paid during debt repayment: approximately ₹175 crores.
  • Future Outlook: Expects savings on finance costs due to debt-free status, with initiatives focused on demographic and segment-wise expansion.

Other Attendees

  • All directors attended, including Smt. Sannovanda Machaiah Swathi (Chairperson of Audit, Nomination and Remuneration, and Stakeholders Relationship Committees).
  • Statutory Auditors joined the meeting; Secretarial Auditor could not attend due to health issues.