Board Meeting Details

The Board of Directors meeting was held on October 28, 2026 at the company's registered office in Surat, Gujarat. The meeting commenced at 3:00 PM and concluded at 4:40 PM.

Key Board Decisions

The Board considered and approved:

1. Standalone Unaudited Financial Results along with Limited Review Report for the quarter ended June 30, 2026

2. Consolidated Unaudited Financial Results along with Limited Review Report for the quarter ended June 30, 2026

Standalone Financial Results (₹ in Million)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from Operations: 451.26
  • Other Income: 0.42
  • Total Income: 451.68
  • Total Expenses: 394.77
  • Profit before Tax: 56.91
  • Tax Expenses: 9.94
  • Net Profit for the period: 46.97
  • Total Comprehensive Income: 46.89
  • Basic EPS: ₹1.09
  • Diluted EPS: ₹1.09
  • Paid-up Equity Share Capital: 215.69
  • Net Worth: 687.36
  • Debt Equity Ratio: 0.13
  • Debt Service Coverage Ratio: 20.42
  • Interest Service Coverage Ratio: 29.98

Comparative Standalone Figures:

  • Quarter Ended March 31, 2026: Net Profit ₹82.42 million, Revenue ₹701.13 million
  • Quarter Ended June 30, 2025: Net Profit ₹37.52 million, Revenue ₹359.30 million
  • Year Ended March 31, 2026: Net Profit ₹242.02 million, Revenue ₹2,070.50 million
  • Year Ended March 31, 2025: Net Profit ₹99.05 million, Revenue ₹973.48 million

Consolidated Financial Results (₹ in Million)

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from Operations: 426.53
  • Other Income: 0.67
  • Total Income: 427.20
  • Total Expenses: 403.68
  • Profit before Tax: 23.52
  • Tax Expenses: 2.11
  • Net Profit for the period: 21.41
  • Total Comprehensive Income: 21.23
  • Profit attributable to Owners: 31.55
  • Profit attributable to Non-Controlling Interest: (10.15)
  • Basic EPS: ₹0.73
  • Diluted EPS: ₹0.73
  • Paid-up Equity Share Capital: 215.69
  • Net Worth including Non-Controlling Interest: 815.54
  • Debt Equity Ratio: 0.28
  • Debt Service Coverage Ratio: 3.92
  • Interest Service Coverage Ratio: 5.59

Comparative Consolidated Figures:

  • Quarter Ended March 31, 2026: Net Profit ₹88.11 million, Revenue ₹716.68 million
  • Quarter Ended June 30, 2025: Net Profit ₹36.29 million, Revenue ₹352.67 million
  • Year Ended March 31, 2026: Net Profit ₹222.46 million, Revenue ₹2,028.94 million
  • Year Ended March 31, 2025: Net Profit ₹97.92 million, Revenue ₹968.45 million

Subsidiary Companies Included in Consolidation

1. Ayaani Diamonds and Jewellery Private Limited (Subsidiary Company 1)

  • Revenue: ₹34.04 million for Q1 FY27
  • Net Loss after tax: ₹(20.29) million for Q1 FY27
  • Total Comprehensive Income: ₹(20.39) million for Q1 FY27
  • Reviewed by RPR & Co.

2. Ratna LGD Private Limited (Subsidiary Company 2)

  • Revenue: Nil for Q1 FY27
  • Net Loss after tax: ₹(0.02) million for Q1 FY27
  • Total Comprehensive Income: ₹(0.02) million for Q1 FY27
  • Reviewed by subsidiary's auditor

Auditor Review

RPR & Co., Chartered Accountants (Firm Registration No.: 131964W) conducted limited review of both standalone and consolidated financial results and issued unmodified conclusions. The review was performed in accordance with Standard on Review Engagements (SRE) 2410 issued by ICAI.

Corporate Actions

With effect from March 13, 2026, the Company subdivided its equity shares to a face value of ₹5 each and subsequently issued 10 bonus equity shares of ₹5 each for every existing equity share (bonus ratio 10:1). The effects have been retrospectively considered in EPS calculations.

Business Segment

The Company is primarily engaged in manufacturing of gold, silver and diamond (including Laboratory Grown Diamonds) jewellery. The operations constitute a single reportable segment.

Investor Complaints

No investor complaints were pending at the beginning of the period, received during the period, disposed during the period, or remaining unresolved at the end of the period ended June 30, 2026.