Key Quantitative Figures & Financial Results

Consolidated Financials (Rs. in Lakhs)
  • Year Ended March 31, 2026: Net Profit/(Loss) after taxes, minority interest and share of Profit/(Loss) of Associates stood at ₹1,600.68.
  • Quarter Ended March 31, 2026: Net Profit/(Loss) after taxes, minority interest and share of Profit/(Loss) of Associates stood at ₹1,600.68.
  • Segment Revenue (FY26): Diamonds: ₹2,21,782.71; Jewellery: ₹82,239.59; Others: ₹2,106.16.
  • Subsidiaries (FY26): Reflect group's share of total assets of ₹75.076 lacs, total revenue of ₹1,08,447 lacs, and total net profit/(loss) after tax of ₹1,021 lacs.
  • Joint Venture (FY26): Group's share of net profit/(loss) of ₹(20.18) lacs (unaudited and considered immaterial).
Standalone Financials (Rs. in Lakhs)
  • Year Ended March 31, 2026:
  • Net Sales/Income from Operations: ₹2,20,573.64
  • Profit Before Tax: ₹4,143.63
  • Profit After Tax: ₹3,234.64
  • EPS (Basic & Diluted): ₹20.21
  • Quarter Ended March 31, 2026:
  • Net Sales/Income from Operations: ₹64,355.55
  • Profit Before Tax: ₹(187.29)
  • Profit After Tax: ₹(202.82)
  • EPS (Basic & Diluted): ₹(1.27)
  • Paid-up Equity Share Capital: ₹1,600.68 Lakhs (Face value ₹10/- each)
  • Reserves (Excl. Revaluation): ₹1,04,580.48 Lakhs (as at March 31, 2026)

Dates of Action

  • Board Meeting Date: May 25, 2026 (commenced at 2:35 PM, concluded at 5:15 PM).
  • Financial Period: Quarter and Year ended March 31, 2026.
  • Dividend Payment: To be paid within 30 days from the date of the 32nd Annual General Meeting (AGM date not specified).

Parties Involved

  • Subsidiaries: Asian Star DMCC, Asian Star Hong Kong (Trading) Ltd, Asian Star Company Limited (New York), Shah Manufacturers.
  • Statutory Auditors: M/s V. A. Parikh & Associates LLP, Chartered Accountants.
  • Key Management Personnel: Mr. Vipul P. Shah (CEO & Managing Director, DIN:00004746), Mr. Arvind T. Shah (Chairman, CFO & Whole Time Director, DIN:00004720).
  • Audit Partner: Mr. Nirav R. Parikh (Membership No.: 121674).

Purpose / Rationale

The board meeting was held to approve the annual financial statements and address routine corporate matters including dividend distribution and executive compensation, in compliance with SEBI LODR Regulations.

Financial / Operational Impact

  • Dividend: A payout of approximately ₹240.10 Lakhs, based on the recommended dividend of ₹1.50 per share on 16,006,800 shares.
  • Remuneration Change: Reduction in annual remuneration for Mr. Vipul Shah (from ₹1.75 Cr to ₹1.00 Cr) and Mr. Arvind Shah (from ₹1.25 Cr to ₹1.00 Cr) will result in reduced employee benefit expenses going forward.
  • Labour Code Impact: The adoption of new labour codes effective November 21, 2025, led to a one-time past service cost recognition. Consolidated impact: ₹1.55 lacs; Standalone impact: ₹1.01 lacs.

Capital Structure Impact

No change in issued, subscribed, and paid-up equity share capital reported. The dividend declaration is a distribution of profits, not affecting the capital structure.

Cash Flow Implications

  • Dividend Payment: Will result in a cash outflow of ₹240.10 Lakhs upon approval and payment.
  • Reduced Remuneration: Will result in reduced annual cash outflow for employee benefits.

Forward-Looking Guidance

Management did not provide any explicit forward-looking guidance or commentary in the disclosed documents.

Material Changes / Comparisons

  • Standalone PBT: Decreased to ₹4,143.63 Lakhs in FY26 from ₹5,037.71 Lakhs in FY25.
  • Standalone PAT: Decreased to ₹3,234.64 Lakhs in FY26 from ₹3,874.80 Lakhs in FY25.
  • Consolidated Performance: The consolidated net result for FY26 was ₹1,600.68 Lakhs.