Date: 13th July, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

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Board Meeting Outcomes

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Financial Results

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Auditor’s Report

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Disinvestment / Strategic Actions

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ESG Performance Highlights (FY26)

  • Formally committed to Science Based Targets initiative (SBTi) with ongoing validation efforts
  • Implemented GHG accounting platform for monthly carbon emission tracking
  • Solar Power capacity: 3.68 MW
  • 16th building in India to receive 'Net Zero Energy Building' certification from IGBC
  • Installed 215 kWh battery energy storage system to reduce diesel generator usage
  • 02 premises in India & US and 01 premise each in UK & Germany meeting 100% energy requirements through renewable energy
  • Total installed rainwater storage capacity: 1,000 KL (03 tanks)
  • Solar energy generated: 24.6 Mn kWh till date
  • Carbon emissions: 19,876 tonnes
  • Saplings planted: 37,000 through Miyawaki Forestation and other drives
  • Electric waste disposed: 3,850 Kg through government approved recyclers
  • Plastic waste disposed: 2,000 Kg through government approved recyclers
  • Electric Vehicle fleet: 159 two-wheelers and 04 electric cars
  • Expected carbon emissions avoided with EVs: 70 tonnes
  • Water harvesting capacity: 10,000 KL
  • SEZ Unit at Jaipur is only manufacturing unit in Rajasthan with LEED Platinum certification
  • Expected carbon sequestration: 700 tonnes per annum from 2 Miyawaki Forests
  • Renewable energy usage: 100% in 02 units in India

Social Impact Metrics

  • Meals donated under 'your Purchase Feeds...': 56,000 every school day
  • Training hours completed: 52,966
  • High Potential (HiPo) employees: 197
  • Total meals provided since program inception: 112.4 Mn
  • Women employees: 23%
  • Meals distributed in FY26: 12.35 Mn
  • Micro enterprises created: 101 across the Group
  • Humanocracy principles implemented across organization

Governance & Certifications

  • Great Place to Work® certified in India, US, UK, China and Germany
  • Dividend payout: 37.57% in FY26
  • Received IGJA award for Highest Exporter of cut and polished coloured gemstones from India
  • Certificate of Recognition for CSR Excellence from Institute of Company Secretaries of India
  • 'Excellence in Sustainability / Climate Action Award' from Indo-American Chamber of Commerce
  • ICRA Combined ESG Rating: 74 (Strong)

Net Zero Commitment

  • Long-term: Net Zero by 2050
  • Near-term targets (FY25 base year):
  • Scope 1 & 2 (absolute): 60% reduction in absolute emissions by 2035
  • Scope 3 (economic intensity): 70% reduction in emissions per unit of value added by 2035

Environmental Performance

  • Renewable energy share: 81.6% of total energy consumption (1,67,59,865 MJ of 2,05,31,143 MJ)
  • Scope 1+2 emissions reduction: 10.6% YoY (1,220.48 tCO₂e vs 1,365.00 tCO₂e in FY25)
  • Water withdrawal reduction: 11.6% YoY (22,060 KL vs 24,961 KL in FY25)
  • Total waste reduction: 29% YoY (1.75 MT vs 2.48 MT)
  • E-waste reduction: 72% YoY (0.24 MT vs 0.86 MT)

Board Structure

  • 37.5% Independent Directors
  • 02 women Directors
  • Separate Chairperson and Managing Director positions
  • Board Committees: Risk Management, Nomination Remuneration & Compensation, CSR, Audit, Stakeholder Relationship

Management Team

  • Mr. Nitin Panwad: Group CFO
  • Mr. Vineet Ganeriwala: President, Shop LC (US)
  • Mr. Ankur Sogani: Vice President, Commercial, Shop LC (US)
  • Mr. Deepak Mishra: Managing Director, Shop TJC (UK)
  • Mr. Raghuveer Patnala: Managing Director, Shop LC (Germany)
  • Mr. Aswini Agarwal: Head of Supply Chain, Asia
  • Mr. Mohammed Farooq: Chief Technology Officer, VGL Group
  • Mr. Ashish Dawra: Vice President, Global IT

Other Operational / Legal / Strategic Disclosures

Global Operations

  • Manufacturing countries: India, China
  • Retail markets: United States, United Kingdom, Germany, Canada, Australia, New Zealand
  • Sourcing network: 30+ countries
  • Revenue: $415.6 Mn
  • Free cashflow: $28.8 Mn
  • Return on capital: 23.5%
  • Net cash positive: $31.27 Mn
  • Employees: 3,333 globally

Sustainable Initiatives

  • Supply Chain ESG Engagement Programme launched
  • Online ESG platform for real-time tracking of sustainability data from key suppliers
  • RJC (Responsible Jewellery Council) certified
  • SMETA (Sedex Member Ethical Trade Audit) conducted regularly
  • Supplier Code of Conduct implemented
  • Sustainable packaging guidelines established
  • GDPR compliance for data protection