The meeting commenced at 03:00 p.m. and concluded at 03:30 p.m.

Key Agenda Items Approved:

1. Annual General Meeting and Reports

  • Notice of Annual General Meeting, Directors' Report, Management Discussion & Analysis Report, and Secretarial Audit Report for the Financial Year 2025-2026 were approved.
  • The 21st Annual General Meeting (AGM) will be held on Tuesday, 29th September, 2026 at 3:00 p.m. through Video Conferencing (VC)/ Other Audio Visual Means (OAVM).

2. Re-appointment of Managing Director

  • Based on the recommendation of the Nomination and Remuneration Committee, the Board re-appointed Mrs. Pooja Naheta (DIN: 03548285) as Managing Director of the company.
  • The term of appointment is for five years, from 02nd September 2026 to 01st September 2031.
  • The reappointment is subject to approval by shareholders at the ensuing annual general meeting.

Details of Mrs. Pooja Naheta (Annexure I):

  • Age: 43 years
  • Position: Promoter and Managing Director
  • Qualifications: B.A. degree from University of Mumbai
  • Experience: 15 years in the Gems and Jewellery industry
  • Responsibilities: Jewellery designing, development and implementation of company growth strategies
  • Relationship: Sister-in-law of Mrs. Sarika Naheta, Executive Director of the company
  • Compliance: Not debarred from holding director office by virtue of any SEBI order or other authority

3. Revision in Executive Directors' Remuneration

  • The Board approved revision in remuneration payable to Mrs. Pooja Naheta (Managing Director) and Mrs. Sarika Naheta (Executive Director).
  • The revision is subject to approval by members of the company and compliance with applicable provisions of the Companies Act, 2013, SEBI Listing Regulations, and other applicable laws.

4. Investment of Surplus Funds

  • The Board approved investment of surplus company funds in Mutual Funds.
  • The investment is subject to applicable provisions of the Companies Act, 2013, SEBI regulations, and other applicable laws.

5. Alteration of Memorandum of Association

  • The Board approved alteration of the Object Clause of the Memorandum of Association.
  • The alteration involves inserting an enabling object authorizing the company to invest in, acquire, hold, manage and deal in shares, stocks, securities, bonds, debentures, units of mutual funds and other securities or financial instruments.
  • The proposed alteration is intended to provide greater flexibility in managing and deploying company funds.
  • The alteration is subject to approval by members through Special Resolution and other required approvals under applicable laws.
  • The proposed new object: "To make investments in and acquire, hold, manage and deal in shares, stocks, securities, bonds, debentures, units of mutual funds and other securities, financial instruments and investments of every kind, as may be permitted under applicable laws."

Additional Information:

  • The Annual Report including audited financial statements for FY 2025-2026 will be submitted within prescribed timelines.
  • The disclosure references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13 July 2023 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024.

The document was digitally signed by Sarika Naheta, Director (DIN: 03515120) on 2026.09.02 at 15:38:18 +05'30'.