Meeting Details

  • Date: Monday, September 28, 2026
  • Time: 03:00 pm (IST)
  • Location: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
  • Type: Annual General Meeting

Attendees

Board Members Present:

  • Mr. Pankajkumar Jagawat - Chairman & Managing Director
  • Mr. Manojkumar Jain - Whole-time Director
  • Mr. Shashank Jagawat - Non-Executive Director
  • Mrs. Purvi Shah - Independent Director
  • Mrs. Bhavika Ghuntla - Independent Director
  • Mr. Yash Mahansaria - Independent Director
  • Mr. Shriram Iyengar - Chief Financial Officer
  • Ms. Vrushti Shah - Company Secretary

Other Attendees:

  • Mrs. Rama Shukla - Statutory Auditor representing M/s. J. Kala & Associates
  • Mrs. Maithili Nandedkar - Secretarial Auditor & Scrutinizer representing MNB & Co. LLP
  • Other management representatives and consultants
  • 36 members attended through VC/OAVM

Resolutions Transacted

Item No. 1: Ordinary Resolution to receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board of Directors and Auditors thereon.

Voting Process

  • The Company provided remote e-voting facility prior to the AGM
  • E-voting facility was available during the AGM for all resolutions
  • The e-voting remained open for 30 minutes post conclusion of the meeting
  • MNB & Co. LLP, Practicing Company Secretaries, were appointed as Scrutinizer to scrutinize the voting process
  • The document notes that specific voting outcomes and breakdowns are not provided in this proceedings document

Business Update and Financial Performance

Mr. Pankajkumar Jagawat, Managing Director, presented the following performance highlights for FY 2025-26:

  • FY26 was a landmark year marked by successful completion of the Company's IPO and listing on BSE and NSE in August 2025
  • Revenue from operations grew by 82.5% to ₹2,018 crores (from ₹1,106 crores in FY25)
  • EBITDA grew by 121.31% to ₹199 crores (from ₹89.92 crores in FY25)
  • Profit after tax grew by approximately 159% to ₹140.15 crore (from ₹54.11 crores in FY25)
  • Continued strengthening of core business manufacturing and supplying gold jewellery to organized retailers
  • New Marol facility commenced commercial production in June 2026
  • Upcoming Jaipur facility at Mahindra World City
  • Four-pronged growth strategy: deepening customer relationships, expanding product portfolio, scaling manufacturing capacity, and continued investment in design/technology/people

Shareholder Interaction

  • Pre-registered speaker shareholders were invited to express views and queries
  • Some pre-registered speakers participated but did not raise any queries
  • As no queries were raised, the proceedings continued

Compliance and Regulatory Aspects

  • The meeting was conducted in compliance with provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015
  • Statutory records and audited accounts are available for inspection at the Registered Office of the Company
  • This intimation was uploaded on the Company's website at www.shantigold.in

Meeting Conclusion

  • The meeting concluded at 03:26 p.m. IST
  • The document specifically notes that it does not constitute the minutes of the Annual General Meeting