Key Quantitative Figures and Details

The Board of Directors meeting was held on Tuesday, 11th August 2026 at the Registered Office in Village Bedla, Udaipur-313001, Rajasthan. The meeting commenced at 5:00 PM and concluded at 5:30 PM.

Financial Results Framework

  • The unaudited financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013
  • Figures for previous periods have been regrouped and/or reclassified wherever necessary for comparability
  • The company operates in a single business segment, with no additional material reportable segments under Ind AS 108

Investments Disclosure

  • Fair value of investments in unquoted securities/other interest determined based on latest available financial statements of respective investments
  • Some physical share scripts transferred to Investor Education & Protection Fund (IEPF) in accordance with Sections 124 & 125 of Companies Act, 2013 and IEPF Authority Rules, 2016
  • Concerned physical scrips have been misplaced by the company
  • Company is in process of re-claiming these from IEPF according to fund rules and regulations
  • Dividend on those scrips accrued has been transferred to IEPF
  • Company has not received/accrued dividend amount on these scripts
  • These amounts will be accounted for after receiving them from IEPF

Tax Matter

  • Search & Survey conducted by Income Tax Authorities in February 2023 on factory and other premises of the company
  • Certain records were seized by Income Tax Department
  • Assessment completed by Income Tax Department
  • Company has filed appeal before ITAT/CIT (Appeals) against demand raised by Income Tax Department
  • Matter is pending before CIT (Appeals)/ITAT

Subsidiary Information

The company has three wholly-owned subsidiaries:

1. Gist Minerals Technologies Limited (Indian subsidiary)

2. Gaze Fashiontrade Limited (Indian subsidiary)

3. Taanj Quartz INC (US-based subsidiary)

Consolidated Results Specifics

  • Two wholly-owned Indian subsidiaries and one wholly-owned US-based subsidiary included in consolidation
  • These subsidiaries had total revenues of ₹76.08 lakhs for the quarter ended June 30, 2026
  • Their Ind AS financial results were reviewed by other auditors and furnished to the management
  • The review opinion on consolidated financial results relies on these other auditors' reports

Review Opinion

Ravi Sharma & Co., Chartered Accountants (FRN: 015143C) issued an unmodified review opinion stating that nothing has come to their attention that causes them to believe that the financial results:

  • Have not disclosed information required by Regulation 33 of Listing Regulations
  • Contain any material misstatement

The review provides moderate assurance as it is limited primarily to inquiries and analytical procedures, not a full audit.