Board Meeting Details

The Board of Directors meeting was held on October 31, 2026, commencing at 02:00 PM IST and concluding at 03:30 PM IST. The meeting approved: 1) Unaudited Financial Results for quarter and half year ended September 30, 2026; 2) Noted the limited review report on unaudited financial results; 3) Other incidental and ancillary matters.

Financial Results Summary (Rs. in Lakhs)

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹5,880.97 lakhs (₹588.10 crore)
  • Other Income: ₹29.47 lakhs
  • Total Income: ₹5,910.44 lakhs (₹591.04 crore)
  • Profit Before Tax: ₹1,557.78 lakhs (₹155.78 crore)
  • Tax Expense: ₹281.87 lakhs
  • Profit for the Period: ₹1,275.91 lakhs (₹127.59 crore)
  • Earnings Per Share (Basic): ₹2.83 (not annualized)

Half-Yearly Performance (H1 FY27)

  • Revenue from operations: ₹9,413.07 lakhs (₹941.31 crore)
  • Other Income: ₹37.61 lakhs
  • Total Income: ₹9,450.68 lakhs (₹945.07 crore)
  • Profit Before Tax: ₹2,546.54 lakhs (₹254.65 crore)
  • Tax Expense: ₹451.96 lakhs
  • Profit for the Period: ₹2,094.58 lakhs (₹209.46 crore)
  • Earnings Per Share (Basic): ₹5.29 (not annualized)

Comparative Figures

Q2 FY26 Performance:

  • Revenue: ₹4,768.79 lakhs
  • Profit for the period: ₹996.98 lakhs
  • EPS: ₹3.11

Full Year FY26 (Audited):

  • Revenue: ₹16,701.56 lakhs
  • Profit for the year: ₹3,438.79 lakhs
  • EPS: ₹10.74

Capital Structure

  • Paid-up Equity Share Capital: ₹4,581.00 lakhs (Face value ₹10 each)
  • Other Equity: ₹23,345.21 lakhs
  • Total Equity: ₹27,926.21 lakhs

Fundraising Activities

Private Placement (May 2026)

  • Allotment date: May 13, 2026
  • 18,32,000 Equity Shares of face value ₹10 each at premium of ₹115 per share
  • Issue price: ₹125 per share
  • Total amount raised: ₹22.90 crore
  • Purpose: General Corporate Purposes (GCP)
  • Utilization: ₹4.32 crore utilized during period, ₹18.58 crore unutilized as of September 30, 2026

Initial Public Offering (June 2026)

  • Allotment date: June 29, 2026
  • Listing date: July 1, 2026 on BSE and NSE
  • 1,19,68,000 Equity Shares of face value ₹10 each
  • Issue price: ₹138 per share
  • Total amount raised: ₹165.16 crore

IPO Proceeds Utilization as of September 30, 2026

| Purpose | Planned (₹ crore) | Utilized (₹ crore) | Balance (₹ crore) |

| Working capital requirements | 6,500.00 | 3,614.70 | 2,885.30 |

| Issue Expense | 2,095.03 | 1,654.45 | 440.58 |

| General corporate purposes | 1,420.81 | 804.21 | 616.60 |

| Repayment/prepayment of borrowings | 6,500.00 | 6,500.00 | 0.00 |

| Total | 16,515.84 | 12,573.36 | 3,942.48 |

Financial Position (As at September 30, 2026)

Assets (₹ in Lakhs)

  • Total Assets: ₹29,982.86 lakhs
  • Non-Current Assets: ₹2,416.72 lakhs (including Property, Plant & Equipment: ₹1,419.40 lakhs)
  • Current Assets: ₹27,566.14 lakhs (including Inventories: ₹16,954.81 lakhs, Cash & cash equivalents: ₹5,272.86 lakhs)

Liabilities (₹ in Lakhs)

  • Total Liabilities: ₹2,056.65 lakhs
  • Non-Current Liabilities: ₹1,011.05 lakhs
  • Current Liabilities: ₹1,045.60 lakhs

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash used in operating activities: ₹(3,282.43) lakhs
  • Net cash used in investing activities: ₹(1,724.30) lakhs
  • Net cash from financing activities: ₹10,253.34 lakhs (primarily from IPO proceeds)
  • Net increase in cash: ₹5,246.61 lakhs
  • Cash and cash equivalents at end: ₹5,272.86 lakhs

Business Segment

The Company is engaged in manufacturing of gold ornaments and jewellery, including Kundan, Meena and Polki Jewellery, catering to both domestic and export markets. The Company operates in a single business segment.

Investor Complaints

  • Complaints pending at beginning of period (April 1, 2026): NIL
  • Complaints received during period: 6
  • Complaints resolved during period: 5
  • Complaints unresolved at end of period (September 30, 2026): 1