Key Financial Figures (Standalone)

  • Total Income: ₹1,595.42 lakhs (FY25: ₹1,668.76 lakhs)
  • Total Expenditure: ₹1,424.40 lakhs (FY25: ₹3,188.08 lakhs)
  • Profit/(Loss) Before Taxation: ₹171.02 lakhs profit (FY25: ₹1,519.32 lakhs loss)
  • Deferred Tax Charges: ₹(2.08) lakhs (FY25: ₹(1.85) lakhs)
  • Profit/(Loss) for the Period: ₹173.10 lakhs profit (FY25: ₹1,517.47 lakhs loss)
  • Earnings Per Share (Basic & Diluted): ₹0.59 (FY25: ₹(5.15))

Capital Structure

  • Issued, Subscribed and Paid-up Capital: ₹29,48,40,000 divided into 2,94,84,000 equity shares of ₹10 each
  • No change in share capital during the year
  • No shares with differential voting rights or sweat equity shares issued

Significant Events & Changes

  • Company Name Change: Changed from "Lypsa Gems & Jewellery Limited" to "Aurus Gem Corporation Limited" approved via postal ballot on 14th March, 2026
  • Disposal of Assets: Sold factory building and machinery at Chhapi, Gujarat as part of business strategy and rationalization
  • Cessation of Manufacturing: Ceased manufacturing operations from said facility, now focused on trading
  • No Subsidiaries: Company has no subsidiary companies as of March 31, 2026

Dividend and Reserves

  • Dividend: No dividend recommended for FY 2025-26
  • Reserves: No amount transferred to reserves for the period

Compliance and Regulatory Issues

  • SEBI Penalties: Received Show Cause Notice No. SEBI/EAD-5/AN/RG/15924/1/2025 dated June 13, 2025 and Adjudication Order No. Order/SM/BK/2026-27/32345-32349 dated 16th April, 2026 under Section 15HA, 15HB of SEBI Act, 1992 with various penalty amounts imposed on Company and directors
  • BSE Penalties: Fine of ₹1,66,380 imposed by BSE for late submissions under Regulation 34, 29(2)(3) of SEBI LODR Regulations (not paid yet)
  • Annual Report Filing: Penalty imposed for delay in filing FY 2024-25 Annual Report (paid ₹2,360 each to NSE and BSE)
  • Unclaimed Dividend: Outstanding unclaimed dividend of ₹43,39,080 (for FY 2009-10 to 2014-15) not yet transferred to Investor Education and Protection Fund (IEPF)
  • Internal Auditor: Not appointed as required under section 138 of Companies Act, 2013 (in process)
  • Other Compliance: Delays in filing quarterly compliances with BSE/NSE; non-filing of returns under ESI Act, PTRC Act

Board and Management

  • Board Composition: 8 members (4 Independent Directors, 4 Executive Directors including 1 woman director)
  • Key Managerial Personnel:
  • Mr. Dipan Babulal Patwa (Chairman & Managing Director)
  • Mr. Jeeyan Dipan Patwa (Chief Financial Officer)
  • Mr. Manish Jaysukhlal Janani (CEO & Managing Director)
  • Ms. Srishty Mehta (Company Secretary & Compliance Officer)
  • Director Re-appointment: Mr. Jeeyan Dipan Patwa (DIN: 02579469) retires by rotation and offers himself for re-appointment as Executive Director

Annual General Meeting Details

  • Date: Tuesday, 29th September, 2026
  • Time: 11:30 A.M.
  • Mode: Video Conferencing (VC) only
  • Business:

1. Adoption of Standalone Financial Statements for FY ended March 31, 2026

2. Re-appointment of Mr. Jeeyan Dipan Patwa as Director (Executive)

  • Record Date: Wednesday, 23rd September, 2026 to Tuesday, 29th September, 2026 (both inclusive)
  • E-voting Period: Saturday, 26th September, 2026 (9:00 AM) to Monday, 28th September, 2026 (5:00 PM)

Shareholding Pattern (as on 31.03.2026)

  • Promoters: 36.37% (1,07,24,500 shares)
  • Individuals (<₹2L): 38.40% (1,13,21,690 shares)
  • Individuals (>₹2L): 13.53% (39,87,839 shares)
  • Bodies Corporate: 8.49% (25,02,145 shares)
  • NRI: 1.93% (5,69,178 shares)
  • HUF: 0.85% (2,52,045 shares)
  • Dematerialized Holdings: 88.30% (CDSL: 69.06%, NSDL: 19.24%)
  • Physical Holdings: 11.70% (34,50,072 shares)

Operational Highlights

  • Business: Trading of polished diamonds and diamond-studded jewellery
  • Inventory Value: ₹315.82 lakhs (FY25: ₹222.67 lakhs)
  • Trade Receivables: ₹6,258.22 lakhs (FY25: ₹6,004.78 lakhs)
  • Employee Strength: 4 permanent employees

Related Party Transactions

All related party transactions entered on arm's length basis in ordinary course of business. Transactions disclosed with:

  • M/s. Oropel (Proprietor is wife of director): Sales of ₹9,300 in FY25 (nil in FY26)
  • Shrishty Mehta (Company Secretary): Salary of ₹1,68,000 in both FY26 and FY25

Contingent Liabilities

  • Income Tax Disputes: ₹77.17 crore across multiple assessment years (AY 2017-18 to AY 2020-21)
  • No provision made as management believes no provision required

Forward-looking Statements

The Management Discussion & Analysis contains forward-looking statements within the meaning of applicable security laws based on certain assumptions and expectations of future events. Actual results could differ materially from those expressed or implied.

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