Board Meeting Outcomes
The Board of Directors considered and approved two key items:
1. The unaudited Standalone Financial Results for the quarter ended June 30, 2026 (Q1 FY27).
2. The shifting of the Registered Office of the Company from "Office No. 12, 3rd Floor, 101 Mumbadevi Diamond Premises Co-Op Society Ltd., Zaveri Bazar, Mumbai-400002, Maharashtra, India" to "Floor G-i, Plot-211/213, Raja Bahadur Goverdhanlal Bansilall Building, Kalbadevi Road, Bhuleshwar, Mumbai-400002, Maharashtra, India". The relocation is within the local limits of Mumbai and became effective from September 10, 2026.
Financial Results Highlights (Q1 FY27 - Unaudited)
The financial results are presented in ₹ Millions.
Income Statement:
- Revenue from Operations: ₹4,235.76
- Other Income: ₹0.33
- Total Income: ₹4,236.09
Expenses:
- Cost of Raw Materials Consumed: ₹4,072.77
- Change in Inventories: (₹499.39) [Credit]
- Employee Benefits Expense: ₹33.35
- Finance Costs: ₹29.44
- Depreciation and Amortization: ₹2.82
- Other Expenses: ₹17.51
- Total Expenses: ₹3,656.50
Profitability:
- Profit Before Tax: ₹579.59
- Tax Expense: ₹147.26 (Current Tax: ₹147.50, Deferred Tax Credit: (₹0.24))
- Profit After Tax: ₹432.33
- Other Comprehensive Income (net of tax): ₹0.06
- Total Comprehensive Income: ₹432.39
Earnings Per Share (EPS):
- Basic EPS: ₹3.68
- Diluted EPS: ₹3.68
Comparative Figures:
- Q1 FY26 (30.06.2025) PAT: ₹216.03M | EPS: ₹1.84
- Q4 FY26 (31.03.2026) PAT: ₹318.01M | EPS: ₹2.71
- Full Year FY26 (31.03.2026) Audited PAT: ₹1,066.81M | EPS: ₹9.09
Capital Structure (as of 30.06.2026):
- Paid-up Equity Share Capital (Face Value ₹5/- each): ₹387.75 Million
- Other Equity: Not specified for current quarter
Notes to the Financial Statements
1. The results are prepared in accordance with Ind AS 34 and other accounting principles generally accepted in India.
2. The company is engaged in a single operating segment: gold jewellery manufacturing and wholesale trading.
3. There were no investor complaints pending as of June 30, 2026.
4. Subsequent Event - IPO Completion: Subsequent to the quarter end, the company completed its Initial Public Offering (IPO). The IPO comprised:
- A Fresh Issue of 2,94,82,000 Equity Shares (Face Value ₹5) at an issue price of ₹93.00 per share, aggregating to ₹27,418.26 Lakhs.
- An Offer for Sale of 1,00,00,000 Equity Shares by the Promoter Selling Shareholders at ₹93.00 per share, aggregating to ₹9,300.00 Lakhs.
The equity shares were listed on the NSE and BSE on August 25, 2026.
5. The figures for the quarter ended June 30, 2025, are derived by management and were not reviewed or audited, as the requirement for quarterly reviewed results commenced from the listing date (Q1 FY27).
Auditor's Review
Statutory auditors, V J Shah & Co (Firm Regn. No.: 109823W), issued an independent review report on the quarterly results pursuant to Regulation 33 of the LODR Regulations. Based on their review, nothing came to their attention to believe that the statement contains any material misstatement. The review was conducted in accordance with SRE 2410 issued by ICAI.