Meeting Details

  • Date: Wednesday, 9th September, 2026
  • Time: 11:30 a.m. IST
  • Location: Conducted through Video Conferencing / Other Audio Visual Means
  • Type: 19th Annual General Meeting

Proposed Resolutions and Implications

The AGM transacted four ordinary resolutions as set out in the notice:

1. Resolution 1: To receive, consider and adopt:

  • The Audited Standalone Financial Statements for FY ended 31st March, 2026 with Reports of Board of Directors and Statutory Auditors
  • The Audited Consolidated Financial Statements for FY ended 31st March, 2026 with Report of Statutory Auditors

2. Resolution 2: To declare dividend of ₹2.50 per equity share of ₹10 each for financial year ended 31st March, 2026

3. Resolution 3: To appoint a director in place of Ms. Raashi Zaveri (DIN: 00713688), who retires by rotation and offers herself for re-appointment

4. Resolution 4: To approve payment of Commission to Non-Executive Directors of Company

Voting Process and Methods

The Company provided multiple voting methods:

  • Remote e-voting: Available from Sunday, 6th September, 2026 (9:00 a.m. IST) to Tuesday, 8th September, 2026 (5:00 p.m. IST)
  • E-voting during AGM: Members present at the AGM who had not cast votes through remote e-voting were allowed to vote during the meeting, with voting open for 15 minutes after conclusion of AGM
  • The e-voting facility was provided through KFin Technologies Limited, the Registrar & Share Transfer Agent

Key Meeting Proceedings and Updates

The meeting included several significant updates:

  • The promoters and members of the promoter's group have entered into a share purchase agreement with GRT Jewellers for sale of their entire stake
  • GRT Jewellers has made an open offer to shareholders as per Takeover Regulations
  • The transaction is subject to regulatory approval and other conditions
  • Future updates will be disclosed in accordance with applicable requirements
  • Mr. Shrikant Zaveri, Chairman & Managing Director, briefed members on key developments and company performance during FY 2025-26
  • Mr. Mukesh Sharma, CFO, appraised members on financial performance
  • There were no comments or qualifications in the Report of Statutory Auditors and Secretarial Auditors for FY 2025-26

Scrutinizer Appointment

The Company appointed Mr. Pramod S. Shah (M. No. FCS 334) and failing him, Mr. Bharat Girjashanker Sompura (M. No. FCS 10540) of M/s. Pramod S. Shah & Associates, Practicing Company Secretaries, Mumbai as Scrutinizer to scrutinize the e-voting process in a fair and transparent manner.

Results Announcement

The results of the e-voting were to be announced within two working days of conclusion of the AGM and intimated to Stock Exchanges, and uploaded on websites of the Company and RTA.

Compliance with Regulations

The meeting was conducted in compliance with:

  • Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circulars nos. 14/2020 dated 8th April, 2020, 17/2020 dated 13th April, 2020, and 03/2025 dated 22nd September, 2025
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026

Meeting Duration and Conclusion

The meeting commenced at 11:30 a.m. and concluded at 12:36 p.m. on September 9, 2026.