Key Business Items Approved

1. Approval of Unaudited Financial Results: The Board approved the unaudited financial results for the first quarter ended June 30, 2026.

2. Incorporation of Wholly Owned Subsidiary: The Board approved the proposal for incorporation of a wholly owned subsidiary company in India. The company proposes to subscribe to the share capital and hold a full stake in the subsidiary, subject to name approval by the Registrar of Companies. Further details will be disclosed upon incorporation in accordance with SEBI (LODR) Regulations.

Financial Results for Quarter Ended June 30, 2026 (₹ in Lakhs)

Income Statement:

  • Net Sales/Income from Operations: ₹8,521.49
  • Other Income: ₹19.38
  • Total Income: ₹8,540.87

Expenditure Breakdown:

  • Consumption of Raw Material/Purchase Cost: ₹7,198.18
  • Employees Cost: ₹243.90
  • Finance Cost: ₹145.53
  • Depreciation: ₹31.55
  • Other Expenditure: ₹234.67
  • Total Expenditure: ₹7,853.84

Profitability:

  • Profit Before Tax: ₹687.03
  • Tax Expense (Current Tax): ₹173.00
  • Profit After Tax: ₹514.03
  • Other Comprehensive Income (Net of Tax): (₹12.76)
  • Total Comprehensive Income: ₹501.27

Earnings Per Share (Face Value ₹10):

  • Basic EPS: ₹7.38
  • Diluted EPS: ₹7.32

Comparative Figures (Quarter Ended):

  • June 30, 2025: Profit After Tax ₹313.57, Basic EPS ₹4.50
  • March 31, 2026: Profit After Tax ₹383.78, Basic EPS ₹5.51

Year Ended March 31, 2026 (Audited):

  • Total Income: ₹28,232.89
  • Profit After Tax: ₹1,369.42
  • Basic EPS: ₹19.66

Additional Operational Highlights

  • Preferential Warrant Allotment: During the quarter, the company allotted 1,240,000 convertible warrants on a preferential basis at an issue price of ₹214 per warrant. The company received 25% of the issue price, aggregating ₹663.40 lakhs, from warrant holders.
  • New Manufacturing Facility: The company commenced operations at its new domestic manufacturing facility in Andheri, Mumbai, from August 3, 2026, as part of its strategy to strengthen manufacturing capabilities and expand domestic market presence.

Regulatory and Compliance Notes

  • The results were reviewed by the Audit Committee and approved by the Board on August 8, 2026.
  • Prepared in accordance with Indian Accounting Standards (Ind AS) under Companies Act, 2013.
  • Subjected to limited review by statutory auditors R.C. Jain & Associates LLP.
  • The company operates in a single business segment: manufacturing and sale of Gems & Jewellery.
  • Provision for Deferred Tax and Gratuity will be made at year-end.
  • Figures for previous periods have been regrouped where necessary.

Auditor's Limited Review Report

R.C. Jain & Associates LLP conducted a limited review of the quarterly results pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015. Their report states that nothing has come to their attention that causes them to believe the financial results contain any material misstatement or fail to disclose required information.