Key Financial Figures (FY 2025-26)
- Total Revenue: ₹8020.18 lakh (Previous year: ₹7478.58 lakh)
- Total Expenses: ₹8015.03 lakh (Previous year: ₹7330.06 lakh)
- Profit Before Tax: ₹5.16 lakh (Previous year: ₹148.52 lakh)
- Tax Expense: ₹5.54 lakh (Current tax: ₹1.99 lakh, Deferred tax: ₹0.50 lakh, Prior period adjustments: ₹3.05 lakh)
- Net Profit/(Loss) After Tax: ₹(0.38) lakh (Previous year: ₹99.31 lakh)
- Earnings Per Share (Basic/Diluted): ₹(0.00) (Previous year: ₹1.10)
Capital Structure Changes
- Authorized Share Capital: ₹1300.00 lakh (1.3 crore shares of ₹10 each)
- Paid-up Capital Post-IPO: ₹1249.79 lakh (Previous year: ₹899.99 lakh)
- IPO Details: Completed on May 9, 2025, issuing 34.98 lakh equity shares at ₹25 per share (₹10 face value + ₹15 premium)
- Securities Premium Reserve: ₹604.70 lakh (Previous year: ₹80.00 lakh)
Operational Highlights
- Revenue from Operations: ₹8019.54 lakh (Manufacturing: ₹2517.01 lakh, Trading: ₹5502.53 lakh)
- Cost of Material Consumed: ₹7973.50 lakh
- Employee Benefits Expense: ₹17.66 lakh
- Inventory Value: ₹1272.35 lakh (Previous year: ₹1336.90 lakh)
- Trade Receivables: ₹1325.41 lakh (Previous year: ₹334.31 lakh)
- Cash and Cash Equivalents: ₹7.79 lakh (Previous year: ₹17.74 lakh)
Corporate Governance
- Board Composition: 5 directors (2 executive, 3 non-executive independent)
- Board Meetings: 4 meetings held during FY 2025-26
- Committee Meetings: 2 Audit Committee, 1 Nomination & Remuneration Committee, 1 Stakeholders Relationship Committee
- Key Managerial Personnel: Nihar Nitinbhai Shah (CFO), Zalakben Chintan Gajjar (Company Secretary)
Dividend and Reserves
- No dividend declared for FY 2025-26
- Retained earnings utilized to strengthen financial position
- Amount not transferred to securities premium reserve
AGM Details
- 10th Annual General Meeting: September 29, 2026, at 2:00 PM IST
- Venue: Registered office at B-306, East Face, Behind Maruti Suzuki Showroom, Nr. S P Ring Road, Ambli Road, Ahmedabad-380058
- Business Items: Adoption of financial statements and reappointment of Mr. Nihar Nitinbhai Shah as director
- Record Date: September 22, 2026
- Remote e-Voting Period: September 26-28, 2026
Related Party Transactions
All transactions with related parties were at arm's length and in ordinary course of business:
- Zalakben Chintan Gajjar: Remuneration ₹1.48 lakh
- Sweta Rasikbhai Panchal: Remuneration ₹0.57 lakh
- No materially significant related party transactions requiring shareholder approval
Industry Context (Gems & Jewellery)
- Indian jewellery market estimated at ~$85 billion in 2025-26
- Gold prices increased approximately 73% domestically during the year
- Growing preference for branded jewellery and organized retail
- Company focuses on trading of gold, silver ornaments and bullion
Other Significant Disclosures
- No fraud reported by auditors under Section 143(12) of Companies Act
- No material changes between board report date and financial year end
- No pending proceedings under Insolvency and Bankruptcy Code 2016
- Company has adequate internal financial controls system
- No sexual harassment cases reported during the year