Key Financial Performance (FY 2025-26 vs FY 2024-25)

Revenue from Operations: ₹128.35 crore (previous: ₹109.68 crore)

Other Income: ₹0.14 crore (previous: ₹0.05 crore)

Total Income: ₹128.48 crore (previous: ₹109.73 crore)

Profit Before Tax: ₹12.97 crore (previous: ₹2.54 crore)

Profit After Tax: ₹9.74 crore (previous: ₹1.85 crore) - 426% increase

Earnings Per Share (EPS): ₹9.55 (previous: ₹1.82)

Interim Dividend Declared: ₹0.10 per share during the year

Balance Sheet Position (as at March 31, 2026)

Share Capital: ₹10.20 crore (unchanged)

Reserves and Surplus: ₹26.61 crore (previous: ₹16.96 crore)

Total Borrowings: ₹29.59 crore (short-term) + ₹0.18 crore (long-term)

Inventory: ₹62.75 crore (previous: ₹50.82 crore)

Cash and Cash Equivalents: ₹2.96 crore (previous: ₹1.01 crore)

Total Assets: ₹74.24 crore (previous: ₹58.94 crore)

Operational Highlights

  • Business Model: Master franchisee for Anopchand Tilokchand Jewellers Private Limited
  • Product Portfolio: Gold, silver, diamonds, platinum jewellery, luxury watches, and lifestyle merchandise
  • Retail Presence: Flagship retail outlet at Bilaspur, branch at Korba, and franchise showroom at Shivrinarayan (all in Chhattisgarh)
  • New Collections: Expanded emphasis on Rajwada jewellery, heritage-inspired antique collections, and silver ornaments
  • Employee Strength: 38 permanent employees as of March 31, 2026

Key Managerial Personnel

  • Mr. Nikesh Bardia: Chairman & Managing Director (DIN: 01008682)
  • Mr. Nitin Kumar Bardia: Whole-Time Director & CFO (DIN: 01515731)
  • Mr. Tilok Chand Bardia: Chief Operating Officer
  • Ms. Rishika Verma: Company Secretary (resigned effective June 13, 2026)
  • Ms. Sureha Jain: Appointed as Company Secretary effective September 1, 2026

Board of Directors

  • Mr. Nikesh Bardia: Chairman & Managing Director
  • Mr. Nitin Kumar Bardia: Whole-Time Director & CFO
  • Mrs. Ankita Bardia: Non-Executive Director
  • Mr. Rishabh Jain: Independent Director
  • Mr. Pawan Bardia: Independent Director

Banking Facilities

  • Axis Bank: Cash credit facility of ₹25 crore + ad-hoc temporary limit of ₹5 crore
  • Security: First charge on entire current assets, residential and commercial properties, and personal guarantees from promoters

Audit Details

  • Statutory Auditor: M/s. Singhal & Sewak, Chartered Accountants (FRN: 011501C)
  • Secretarial Auditor: M/s. Anil Agrawal & Associates, Company Secretaries
  • Internal Auditor: M/s. Kala Parakh & Farishta, Chartered Accountants
  • Key Audit Matter: Existence and verification of high-value inventory (gold, diamonds, silver, gem stones)

Corporate Governance

  • Board Meetings: 5 meetings held during FY 2025-26
  • Committee Meetings: Audit Committee (4), Nomination & Remuneration Committee (1), Stakeholder Relationship Committee (4)
  • Director Attendance: All directors attended 4-5 meetings each

Related Party Transactions

Significant transactions with related parties including:

  • Anopchand Tilokchand Jewellers Private Limited: Purchases ₹47.37 crore, Sales ₹37.87 crore
  • Director Remuneration: Mr. Nikesh Bardia and Mr. Nitin Kumar Bardia - ₹48 lakh each annually
  • Sitting Fees: Independent Directors - ₹50,000 each for FY

Pending Litigation

  • Income Tax dispute for FY 2014-15: ₹25.46 lakh pending with CIT (Appeal)
  • No other material pending litigations disclosed

AGM Details

  • 16th Annual General Meeting: September 29, 2026 at 12:00 noon
  • Venue: A.T. Palace, Kotwali Chowk, Sadar Bazar, Raipur (C.G) 492001
  • Business Items: Adoption of financial statements, re-appointment of directors, special resolutions for managerial appointments

Electronic Voting

  • Remote e-voting period: September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)
  • Cut-off date for voting rights: September 22, 2026
  • Scrutinizer: M/s. Anil Agrawal & Associates, Company Secretaries

Dividend Information

  • Interim dividend of ₹0.10 per share declared during FY 2025-26
  • No final dividend proposed in the annual report