Key Financial Figures (Standalone)

Revenue Performance

  • Revenue from Operations: ₹19,097.05 lakh (FY 2025-26) vs ₹2,997.38 lakh (FY 2024-25) - 537% increase
  • Other Income: ₹0.14 lakh (FY 2025-26) vs Nil (FY 2024-25)
  • Total Income: ₹19,097.19 lakh

Expense Analysis

  • Total Expenses: ₹17,887.45 lakh (FY 2025-26) vs ₹2,801.25 lakh (FY 2024-25)
  • Direct Expenses: ₹17,464.42 lakh
  • Employee Benefit Expense: ₹20.22 lakh
  • Finance Costs: ₹0.02 lakh
  • Depreciation Expense: ₹0.87 lakh
  • Other Expenses: ₹432.51 lakh

Profitability

  • Profit Before Tax: ₹1,209.74 lakh (FY 2025-26) vs ₹196.13 lakh (FY 2024-25)
  • Tax Expense: ₹304.49 lakh (Current Tax: ₹304.49 lakh, Deferred Tax: ₹0.01 lakh)
  • Profit After Tax: ₹905.26 lakh (FY 2025-26) vs ₹137.81 lakh (FY 2024-25)

Capital Structure

  • Authorized Capital: ₹126.00 crore (12.60 crore equity shares of ₹10 each)
  • Issued, Subscribed and Paid-up Capital: ₹55.16 crore (5.52 crore equity shares of ₹10 each)
  • Earnings Per Share (Basic): ₹1.64

Key Operational Highlights

Business Performance

  • Company engaged in trading of precious metals, stones & jewellery
  • Significant revenue growth attributed to expanded trading operations
  • Inventory value: ₹70.62 crore as of March 31, 2026
  • Trade receivables: ₹18.18 crore

Subsidiary Information

  • One subsidiary: Al Subh Enterprise FZ-LL
  • No joint ventures or associate companies
  • Subsidiary financials incorporated in consolidated statements

Corporate Governance & Board Details

Board Composition

  • Chairman & Managing Director: Rahilahmed Jafarbhai Shaikh (DIN: 11413227)
  • Independent Directors: Tushar Rameshbhai Bhatt, Asha Pravin Ughade, Falguni Mehal Raval
  • Non-Executive Non-Independent Director: Akash Prakash Patil
  • Executive Director: Debu Sardar

Key Managerial Personnel

  • Chief Financial Officer: Hareshkumar Pitambardas Thakkar
  • Company Secretary: Ish Sadana (appointed February 11, 2026)
  • Previous Company Secretary Deepika Chauhan resigned December 10, 2025

Board Meetings

  • 20 board meetings held during FY 2025-26
  • Detailed attendance records provided for all directors

Committee Structure

  • Audit Committee: Tushar Rameshbhai Bhatt (Chairperson), Akash Prakash Patil, Asha Pravin Ughade
  • Stakeholders Relationship Committee: Tushar Rameshbhai Bhatt (Chairperson), Akash Prakash Patil, Asha Pravin Ughade
  • Nomination and Remuneration Committee: Tushar Rameshbhai Bhatt (Chairperson), Akash Prakash Patil, Asha Pravin Ughade

Regulatory Compliance Status

Secretarial Audit Report Findings (M/s. SCS & CO. LLP)

The secretarial audit report identified 12 instances of non-compliance:

1. Non-publication of newspaper advertisements for financial results within 48 hours for quarters ended March 31, 2025, June 30, 2025, and September 30, 2025

2. Delay in appointment of qualified Company Secretary as Compliance Officer

3. Delay in filing Integrated Governance Report for quarter ended September 30, 2025

4. Delay in filing Annual Compliance report ended March 31, 2025

5. Delay in filing Financial Results for quarter ended March 31, 2025

6. Delay in filing Statement of Investor Complaints for quarter ended September 2025

7. Delay in meeting board composition requirements for quarters ended June 30, 2025, September 30, 2025, and March 31, 2025

8. Non-filing of Annual Disclosure of Large Corporate for FY 2024-25

Statutory Auditor

  • M/s. Sarang Shivajirao Chavan and Associates, Chartered Accountants (FRN: 159649W) appointed as statutory auditors
  • Audit report contains no qualifications, reservations or adverse remarks
  • Auditor fees: ₹3 lakh for FY 2025-26

Dividend & Reserves

  • No dividend recommended for FY 2025-26 to conserve resources
  • No amount transferred to General Reserves during the year
  • Unclaimed dividend provisions not applicable as no dividends declared

Important Dates & Events

Annual General Meeting

  • 33rd AGM to be held on Monday, August 24, 2026 at 3:00 PM
  • Meeting to be conducted through Video Conferencing/Other Audio Visual Means

Corporate Actions

  • No bonus issues, stock splits, or other capital restructuring during the year
  • All equity shares in dematerialized form with ISIN INE945O01019

Auditor Reports

Statutory Auditor Report

  • Unmodified opinion on financial statements
  • No fraud reported under Section 143(12) of Companies Act, 2013
  • Internal financial controls deemed adequate and operating effectively

Secretarial Auditor Report

  • Qualified opinion on corporate governance compliance
  • 12 specific instances of non-compliance identified
  • Compliance certificate with exceptions issued

Investor Information

  • Registrar & Share Transfer Agent: Purva Sharegistry (India) Pvt. Ltd
  • 29,558 shareholders as of March 31, 2026
  • 83.83% shares held in dematerialized form with CDSL
  • 5 investor complaints received during FY 2025-26, all resolved

Capital & Liquidity Position

  • Current Ratio: 3.54 times
  • Debt-Equity Ratio: 1.09 times
  • Net debt position: ₹74.89 crore
  • Cash and cash equivalents: ₹30.56 lakh