Key Quantitative Figures - Standalone (₹ in Lakhs)

Income Statement (Year Ended March 31, 2026):

  • Total Income: ₹1,39,183.22
  • Total Expenses: ₹1,36,127.76
  • Profit from Operations before Exceptional Items and tax: ₹3,055.46
  • Exceptional Items: ₹1,197.40 (Provision for diminution in value of investment in Verigold Jewellery India Pvt Ltd)
  • Profit before tax after exceptional items: ₹1,858.06
  • Tax Expense: ₹597.79 (Current Tax: ₹492.70; Deferred Tax: ₹105.09)
  • Net Profit after tax for the year: ₹1,260.27
  • Earnings Per Share (EPS) - Basic/Diluted: ₹1.17 (After Exceptional Items); ₹2.29 (Before Exceptional Items)

Balance Sheet (As at March 31, 2026):

  • Total Assets: ₹1,46,949.85
  • Inventories: ₹66,595.59
  • Trade receivables: ₹44,830.89
  • Cash and cash equivalents: ₹999.44
  • Total Equity: ₹75,696.66 (Equity Share Capital: ₹2,146.51; Other Equity: ₹73,550.15)
  • Borrowings (Non-current + Current): ₹4,919.60 + ₹33,550.35 = ₹38,469.95

Cash Flow (Year Ended March 31, 2026):

  • Net cash from operating activities: ₹3,469.46
  • Net cash used in investing activities: (₹8,473.61)
  • Net cash from financing activities: ₹937.23
  • Net decrease in cash and cash equivalents: (₹4,066.92)

Key Quantitative Figures - Consolidated (₹ in Lakhs)

Income Statement (Year Ended March 31, 2026):

  • Revenue from Operations: ₹2,81,303.09
  • Other Income: ₹865.51
  • Total Income: ₹2,82,168.60
  • Total Expenses: ₹2,69,815.13
  • Profit before tax after exceptional items: ₹11,156.07
  • Tax Expense: ₹2,129.87 (Current Tax: ₹1,675.53; Deferred Tax: ₹454.34)
  • Net Profit after tax for the year: ₹9,026.20
  • Profit attributable to shareholders of the company: ₹9,009.21
  • Earnings Per Share (EPS) - Basic/Diluted: ₹8.40 (After Exceptional Items); ₹9.51 (Before Exceptional Items)

Balance Sheet (As at March 31, 2026):

  • Total Assets: ₹2,41,210.18
  • Inventories: ₹94,095.04
  • Trade receivables: ₹84,067.92
  • Cash and cash equivalents: ₹5,847.90
  • Total Equity: ₹1,54,354.02 (Equity attributable to shareholders: ₹1,50,870.67; Non-controlling interest: ₹3,483.35)
  • Borrowings (Non-current + Current): ₹5,353.92 + ₹43,681.20 = ₹49,035.12

Subsidiaries Included in Consolidation:

The consolidated results include 12 subsidiaries: Renaissance Jewellery, New York Inc. (USA); Verigold Jewellery (UK) Limited (UK); Verigold Jewellery FZCO (Dubai); Jay Gems, Inc (USA); Essar Capital LLC (USA); Verigold Jewellery LLC (Dubai); RD2C Ventures Inc. (USA); Renaissance FMI Inc. (USA); Jean Dousset Jewellery LLC; Renaissance Retail Limited; Verigold Jewellery India Private Limited; Renaissance Jewellery Middle East FZCO (Dubai).

Dates of Action

  • Board Meeting and Audit Committee Meeting: May 28, 2026 (5:00 PM to 9:30 PM)
  • Date of Auditor's Report: May 28, 2026
  • Financial Year Ended: March 31, 2026

Parties Involved

  • Statutory Auditors: Chaturvedi & Shah LLP, Chartered Accountants
  • New Internal Auditor: KKC & Associates LLP, Chartered Accountants (Firm Registration No. 105146W/W100621)
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Ltd.
  • Regulator: SEBI (Securities and Exchange Board of India)

Purpose/Rationale

The Board did not recommend any dividend on equity shares for FY2025-26. The stated rationale is the company's strategic focus on: (1) expansion of Jean Dousset retail stores, (2) evaluation of potential acquisition opportunities, and (3) reducing debt levels.

Financial Impact

  • The non-declaration of dividend conserves cash for strategic initiatives.
  • The exceptional item (provision for diminution in investment value) of ₹1,197.40 Lakhs impacted the standalone net profit for the year.
  • The closure of the Bhavnagar unit resulted in an exceptional expense of ₹1,197.40 Lakhs in the consolidated results.

Capital Structure Impact

  • The paid-up equity share capital as of March 31, 2026, was ₹2,146.51 Lakhs (Face Value ₹2 per share; 10,73,25,471 shares).
  • During the year, 95,000 Employee Stock Option Plan (ESOP) options were exercised and allotted.
  • As of March 31, 2026, 10,84,000 ESOP options were pending exercise.

Audit Opinion

The Statutory Auditors, Chaturvedi & Shah LLP, issued an unmodified (clean) audit opinion on both the standalone and consolidated financial results.

Other Appointments

The Board approved the appointment of KKC & Associates LLP as the Internal Auditor for the financial year 2026-27.