Key Quantitative Figures

Standalone Financial Results (FY2026):

  • Revenue from Operations: ₹4,605.48 lakhs (Previous Year: ₹22,002.13 lakhs)
  • Other Income: ₹7,557.93 lakhs
  • Total Income: ₹12,163.41 lakhs
  • Profit Before Tax: ₹7,778.50 lakhs (Previous Year: ₹1,148.50 lakhs)
  • Current Tax: ₹43.13 lakhs
  • Deferred Tax: ₹(2,435.13) lakhs
  • Net Profit: ₹5,300.25 lakhs (Previous Year: ₹1,082.73 lakhs)
  • Basic EPS: ₹4.49 (Previous Year: ₹0.99)
  • Diluted EPS: ₹4.49 (Previous Year: ₹1.10)
  • Total Shares: 11,79,70,000 (Previous Year: 10,94,70,000)
  • Public Shareholding: 57.53% (6,78,72,749 shares)

Consolidated Financial Results (FY2026):

  • Revenue from Operations: ₹4,655.00 lakhs
  • Other Income: ₹7,654.61 lakhs
  • Total Income: ₹12,309.61 lakhs
  • Profit Before Tax: ₹7,652.62 lakhs
  • Current Tax: ₹43.13 lakhs
  • Deferred Tax: ₹(2,395.35) lakhs
  • Net Profit: ₹5,214.14 lakhs
  • Profit attributable to owners: ₹5,235.30 lakhs
  • Non-controlling interest: ₹(21.16) lakhs
  • Basic EPS: ₹4.44
  • Diluted EPS: ₹4.44

Segment-wise Performance (Standalone):

  • Bullion segment revenue: ₹4,605.48 lakhs (PY: ₹22,002.13 lakhs)
  • Bullion segment profit: ₹496.55 lakhs (PY: ₹949.41 lakhs)
  • Others segment profit: ₹7,557.93 lakhs (PY: ₹270.94 lakhs)

Dates of Action

  • Board meeting approving results: 30th May 2026
  • Initial submission to exchanges: 30th May 2026
  • Auditor identification of error: Subsequent to 30th May 2026
  • Revised report submission: 12th June 2026
  • Auditor clarification letter date: 11th June 2026

Parties Involved

  • Statutory Auditors: RAKCHAMPS & Co. LLP, Chartered Accountants (FRN: 131094W/W100083)
  • Auditor Partner: CA Ramanatha Shetty (Membership No. 218600)
  • Managing Director: Mr. Nitin Gujral (DIN: 08184605)
  • Subsidiaries: Suryam India Minecorp Private Limited, Simunergy Terranova Private Limited, Exclusive Quarries Private Limited (subsidiary of Suryam India Minecorp)

Auditor Error and Correction

The statutory auditors, RAKCHAMPS & Co. LLP, informed the company that due to an inadvertent clerical and copy-paste error, the Independent Auditor's Report for consolidated financial statements dated 30 May 2026 was incorrectly issued containing a "Qualified Opinion" that did not reflect the actual audit conclusion.

The auditors issued a revised Independent Auditor's Report rectifying this error and requested the company to place the revised report on record. The company submitted the revised report to the exchanges on 12th June 2026.

Subsidiary Information

The company has three subsidiaries:

1. Suryam India Minecorp Private Limited

2. Simunergy Terranova Private Limited

3. Exclusive Quarries Private Limited (subsidiary of Suryam India Minecorp Private Limited)

Key Audit Matters Identified

1. Allowance for credit losses - Significant judgment in calculating expected credit losses

2. Inventory valuation, completeness, accuracy and disclosures - Material component of financial statements

Emphasis of Matter

The auditor's report draws attention to Note 13 forming part of the standalone financial statements, which reflects provision created towards compensation payable as per management's assessment and its consequential financial impact on liabilities as at March 31, 2026.

Tax Disputes

The company has pending income tax disputes totaling approximately ₹137.19 crores across assessment years 2012-13 to 2024-25, pending before CIT(A) and High Court.

Internal Financial Controls

The auditor expressed an unmodified opinion on the adequacy and operating effectiveness of the company's internal financial controls over financial reporting.

Capital Structure Impact

Increase in share capital from 10,94,70,000 shares to 11,79,70,000 shares during the year.

Cash Flow Implications

  • Operating activities: ₹10,192.92 lakhs (Standalone), ₹10,193.84 lakhs (Consolidated)
  • Investing activities: ₹(724.71) lakhs (Standalone), ₹(1,861.58) lakhs (Consolidated)
  • Financing activities: ₹(9,478.40) lakhs (Standalone), ₹(8,298.12) lakhs (Consolidated)

Financial Ratios (Standalone)

  • Debtors Turnover: 1.85 (PY: 4.33)
  • Inventory Turnover: 0.35 (PY: 2.47)
  • Current Ratio: 2.90 (PY: 3.39)
  • Operating Profit Margin: 4.84% (PY: 5.78%)
  • Net Profit Margin: 115.09% (PY: 4.92%)

Investor Complaints

No investor complaints pending at the beginning or end of the quarter. No complaints received during the quarter.