Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Standalone Financial Results under SEBI LODR Regulations 30 & 33

Date of Board Meeting / Approval: October 26, 2026 (12:00 p.m. to 12:26 p.m. IST)

Audit Opinion: Unqualified (Clean)

Auditor’s Comment: Based on their review, nothing has come to their attention that causes them to believe that the Statement contains any material misstatement.

Key Financial Highlights [₹ in million]

Standalone Results:

Quarter Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹6,256.23 (vs. ₹4,311.11 in Q2 FY25, +45.2% YoY)
  • Other Income: ₹4.65
  • Total Income: ₹6,260.89
  • Total Expenses: ₹5,829.66
  • Profit Before Tax: ₹431.23 (vs. ₹367.55 in Q2 FY25, +17.3% YoY)
  • Total Tax Expense: ₹58.70
  • Net Profit: ₹372.53 (vs. ₹273.88 in Q2 FY25, +36.0% YoY)
  • Basic EPS: ₹4.10 (Face value of ₹2 each)
  • Diluted EPS: ₹4.10

Half Year Ended September 30, 2026 (Unaudited):

  • Revenue from Operations: ₹10,567.35 (vs. ₹8,121.92 in H1 FY25, +30.1% YoY)
  • Other Income: ₹4.83
  • Total Income: ₹10,572.17
  • Total Expenses: ₹9,782.46
  • Profit Before Tax: ₹789.71 (vs. ₹650.91 in H1 FY25, +21.3% YoY)
  • Total Tax Expense: ₹148.86
  • Net Profit: ₹640.86 (vs. ₹486.13 in H1 FY25, +31.8% YoY)
  • Basic EPS: ₹7.42 (Face value of ₹2 each)
  • Diluted EPS: ₹7.42

Comparative Full Year (Audited):

  • Revenue from Operations (FY26): ₹19,266.76
  • Net Profit (FY26): ₹1,047.88

Statement of Assets and Liabilities (Standalone) as at September 30, 2026:

Assets:

  • Total Assets: ₹6,063.86 million
  • Non-Current Assets: ₹179.12 million
  • Property, Plant and Equipment (net): ₹55.33 million
  • Capital Work in Progress: ₹2.30 million
  • Right-of-use (ROU) assets: ₹52.29 million
  • Investments: ₹20.00 million
  • Deferred Tax Assets (net): ₹48.21 million
  • Current Assets: ₹5,884.74 million
  • Inventories: ₹1,639.82 million
  • Trade Receivables: ₹3,113.50 million
  • Cash and Cash Equivalents: ₹131.47 million
  • Bank Balances (other than cash): ₹928.60 million
  • Other Current Assets: ₹51.32 million
  • Current Tax Assets (net): ₹20.03 million

Equity and Liabilities:

  • Total Equity: ₹5,324.85 million
  • Paid-up Equity Share Capital: ₹192.25 million (Face value of ₹2 each)
  • Other Equity: ₹5,132.60 million
  • Total Liabilities: ₹739.01 million
  • Non-Current Liabilities: ₹494.54 million
  • Lease Liabilities: ₹46.85 million
  • Other Financial Liabilities: ₹444.08 million
  • Provisions: ₹3.61 million
  • Current Liabilities: ₹244.47 million
  • Borrowings: ₹130.95 million
  • Lease Liabilities: ₹8.25 million
  • Trade Payables: ₹18.73 million
  • Other Financial Liabilities: ₹4.19 million
  • Other Current Liabilities: ₹78.20 million
  • Provisions: ₹4.16 million

Statement of Cash Flows (Standalone) for H1 FY26:

  • Cash Flow from Operating Activities: (₹594.71) million
  • Cash Flow from Investing Activities: (₹967.43) million
  • Includes Purchase of non-current investments: (₹20.00) million
  • Payment for Purchase of PP&E & CWIP: (₹22.55) million
  • Changes in other bank balances: (₹928.60) million
  • Cash Flow from Financing Activities: ₹1,692.58 million
  • Proceeds from issue of equity shares: ₹2,500.00 million
  • Transaction cost on issue of shares: (₹228.83) million
  • Repayment of current borrowings (net): (₹543.67) million
  • Net Increase in Cash and Cash Equivalents: ₹130.43 million

Segment-wise Performance:

Not Specified. The Chief Operating Decision Maker (CODM) monitors the operating results of the Company as a whole. The Company is engaged in the business of designing, processing, and supplying hallmarked 22-karat gold jewellery on a B2B basis, along with job work services and trading of jewellery and related products, and is considered a single operating segment.

Corporate Actions:

Initial Public Offering (IPO):

  • Completed on September 8, 2026.
  • Issued 14,124,293 equity shares of face value of ₹2 each at an issue price of ₹177 per share (including a share premium of ₹175 per share).
  • The issue consisted of a fresh issue aggregating to ₹2,500 million and an offer for sale by selling shareholders aggregating to ₹2,097.16 million.

Funds Utilisation from IPO (as on September 30, 2026):

  • Funding long-term working capital requirements: ₹900.00 million utilized (out of ₹2,150.00 million allocated)
  • General corporate purposes: ₹0.78 million utilized (out of ₹121.48 million allocated)
  • Offer related expenses: ₹61.42 million utilized (out of ₹228.52 million allocated)

Bonus Issue and Sub-division (Historical):

  • On November 10, 2025, the face value of equity shares was sub-divided from ₹10 per share to ₹2 per share.
  • On November 28, 2025, the company allotted bonus equity shares in the proportion of 3 bonus shares for every 1 fully paid-up equity share.

Other Significant Information:

  • The figures for the quarter and half year ended September 30, 2025, have been restated to account for the subdivision of shares and bonus issue.
  • EPS figures for comparative periods have been adjusted for the bonus shares issued.