Financial Performance Highlights

Consolidated Financials (₹ in lakhs)

  • Revenue from operations: ₹8,847.74 (FY26) vs ₹7,878.34 (FY25) - 12.3% increase
  • EBITDA: ₹1,873.94 (FY26) vs ₹1,685.22 (FY25) - EBITDA margin 21.2%
  • Net profit after minority interest: ₹567.71 (FY26) vs (₹55.96) loss (FY25)

Standalone Financials (₹ in lakhs)

  • Revenue from operations: ₹583.62 (FY26) vs ₹286.63 (FY25) - 103.61% increase
  • Profit after tax: ₹35.28 (FY26) vs ₹19.55 (FY25)
  • Basic EPS: ₹0.59 (FY26) vs ₹0.40 (FY25)
  • Revenue comprised sale of products (₹355.52 lakh, mainly gold bars) and services (₹228.10 lakh)

Dividend Declaration

  • Board recommended final dividend of ₹0.35 per equity share (3.5% of face value of ₹10)
  • Expected payout: approximately ₹22,96,570.50
  • Subject to approval at AGM on September 10, 2026
  • Dividend history: FY24: ₹0.10, FY25: ₹0.12, FY26: ₹0.35 (recommended)

Capital Structure Changes

Paid-up equity share capital increased through multiple issuances:

  • ESOP Grants: Multiple grants totaling 65,20,000 options under various ESOP schemes
  • Equity Share Allotments: 418,356 new shares issued during year through ESOP exercises and preferential allotments
  • Warrant Allotments: Multiple convertible warrant issuances totaling 9,61,834 warrants
  • Capital Increase: Authorized share capital increased from ₹20 crore to ₹25 crore
  • Money received against share warrants: ₹28.85 lakh during the year

Investments and Subsidiaries

Total investments: ₹461.75 lakh in subsidiaries and associates

  • Emirates Holding FZ LLC: ₹252.93 lakh (30.07% holding, material subsidiary)
  • Virtual Gain Technologies Private Limited: 30.01% stake acquired (material subsidiary)
  • Other significant holdings: Outcry Media Solutions (46.67%), Jadhav Rose Merc Sports (60%), Moda Orama Ventures (29.77%)
  • Lonavala bungalow acquisition: ₹1.30 crore for hospitality business (post-year end)

Auditor's Opinion

Statutory Auditor: M/s. BB Gusani & Associates issued unqualified opinion confirming:

  • Financial statements present true and fair view
  • Adequate internal financial controls as of March 31, 2026
  • No material weaknesses in internal financial controls
  • Going concern assumption appropriate

Corporate Governance and Compliance

  • Compliance with SEBI Listing Regulations and Companies Act, 2013
  • Board composition: 11 Directors (1 MD, 4 Executive Directors, 5 Independent Directors, 1 Non-Executive)
  • Multiple committee structures including Audit, Nomination and Remuneration, Stakeholders' Grievance
  • Whistle Blower Policy and Anti-Sexual Harassment Committee implemented
  • Risk management framework established

Shareholding Pattern

As of March 31, 2026:

  • Promoters: 0.12%
  • Bodies Corporate: 12.61%
  • Public Individuals: 76.47%
  • Major shareholders (>5%): Padmaja Suresh Ambekar (8.36%), Nipa Anil Haria (8.21%), Vaishali Parkar Kumar (7.99%)
  • Dematerialized shares: 97.85% of total issued capital

Subsequent Events

42nd AGM scheduled for September 10, 2026 with dividend approval and appointment of new statutory auditors M/s. D G M S & Co. proposed.