Board Meeting Details

The Board of Directors meeting was held on Saturday, 23.05.2026, commencing at 4:00 PM and concluding at 6:15 PM (IST). The Board considered and approved the Audited Standalone and Consolidated Financial Results for the Fourth Quarter and Year ended on 31st March, 2026, along with the Statement of Assets and Liabilities and Audit Report issued by Statutory Auditor.

Auditor Declaration

The company declared that the Statutory Auditor's Report on Audited Standalone and Consolidated Financial Statements for the year ended 31st March 2026 is with Unmodified Opinion. The declaration was signed by Chandrakant Himmatlal Shah, Director (DIN: 01188001).

Standalone Financial Results (₹ in Lakhs)

Quarterly Performance (Q4 FY26)

  • Income from Operations: ₹321.86
  • Net sales: ₹315.47
  • Other Operating Income: ₹6.39
  • Total Expenses: ₹371.79
  • Purchases of stock-in-trade: ₹301.73
  • Changes in inventories: ₹41.65
  • Employee benefits: ₹18.90
  • Finance Cost: ₹0.05
  • Depreciation: ₹0.92
  • Other expenses: ₹8.54
  • Loss before tax: ₹(49.93)
  • Tax Expenses: ₹3.85
  • Current Tax: ₹2.22
  • Deferred Tax: ₹1.69
  • MAT Credit Entitlement: ₹(0.06)
  • Loss for the period: ₹(53.78)
  • Total Comprehensive Income: ₹(70.15)
  • Basic EPS: ₹(0.40)
  • Diluted EPS: ₹(0.40)

Annual Performance (FY26)

  • Income from Operations: ₹493.99
  • Net sales: ₹487.60
  • Other Operating Income: ₹6.39
  • Total Expenses: ₹479.31
  • Profit before tax: ₹14.68
  • Tax Expenses: ₹3.85
  • Profit for the year: ₹10.83
  • Total Comprehensive Income: ₹163.19
  • Basic EPS: ₹0.08
  • Diluted EPS: ₹0.08
  • Number of Equity Shares: 135.73 lakh

Consolidated Financial Results (₹ in Lakhs)

Quarterly Performance (Q4 FY26)

  • Income from Operations: ₹305.09
  • Net sales: ₹315.47
  • Other Operating Income: ₹(10.38)
  • Total Expenses: ₹371.79
  • Loss before tax: ₹(66.70)
  • Tax Expenses: ₹(3.85)
  • Loss for the period: ₹(70.55)
  • Total Comprehensive Income: ₹(87.76)
  • Basic EPS: ₹(0.52)
  • Diluted EPS: ₹(0.52)

Annual Performance (FY26)

  • Income from Operations: ₹477.22
  • Total Expenses: ₹479.31
  • Loss before tax: ₹(2.09)
  • Tax Expenses: ₹(3.85)
  • Loss for the year: ₹(5.94)
  • Total Comprehensive Income: ₹(39.42)
  • Number of Equity Shares: 135.73 lakh

Standalone Statement of Assets and Liabilities (as at 31.03.2026, ₹ in Lakhs)

  • Total Assets: ₹4,742.21
  • Non-Current Assets: ₹981.40
  • Current Assets: ₹3,760.81
  • Inventories: ₹1,082.88
  • Trade Receivables: ₹1,582.42
  • Cash and Cash Equivalents: ₹219.08
  • Loans: ₹167.35
  • Other Current Assets: ₹709.08
  • Total Equity: ₹3,817.95
  • Equity Share Capital: ₹1,299.04
  • Other Equity: ₹2,518.91
  • Total Current Liabilities: ₹924.26
  • Trade Payable: ₹777.36
  • Other Current Liabilities: ₹123.77
  • Current Tax Provisions: ₹2.29
  • Loan: ₹20.85

Consolidated Statement of Assets and Liabilities (as at 31.03.2026, ₹ in Lakhs)

  • Total Assets: ₹4,470.63
  • Non-Current Assets: ₹709.82
  • Property, plant and equipment: ₹29.13
  • Goodwill: ₹180.35
  • Investment: ₹11.85
  • Trade Receivables: ₹455.55
  • Deferred Tax Assets: ₹26.07
  • Other Non-Current Assets: ₹6.87
  • Current Assets: ₹3,760.81
  • Inventories: ₹1,082.88
  • Trade Receivables: ₹1,582.41
  • Cash and Cash Equivalents: ₹219.08
  • Loans: ₹167.35
  • Other Current Assets: ₹709.08
  • Total Equity: ₹3,546.37
  • Equity Share Capital: ₹1,299.04
  • Other Equity: ₹2,247.33
  • Total Current Liabilities: ₹924.26
  • Trade Payable: ₹777.35
  • Other Current Liabilities: ₹123.77
  • Current Tax Provisions: ₹2.29
  • Loan: ₹20.85

Segment Reporting (Standalone, ₹ in Lakhs)

FY26 Performance

  • Diamond Business: Revenue ₹315.47, Profit ₹(22.11)
  • Real Estate Business: Revenue ₹0.00, Profit ₹(4.53)
  • Total Segment Profit: ₹(26.64)

Segment Assets (31.03.2026)

  • Diamond Business: ₹2,638.64
  • Real Estate Business: ₹1,372.40
  • Corporate (Unallocated): ₹731.17
  • Total: ₹4,742.21

Segment Liabilities (31.03.2026)

  • Diamond Business: ₹593.98
  • Real Estate: ₹242.12
  • Corporate (Unallocated): ₹88.16
  • Total: ₹924.26

Cash Flow Statements (Standalone, FY26, ₹ in Lakhs)

  • Cash Flow from Operating Activities: ₹202.88
  • Cash Flow from Investing Activities: ₹0.00
  • Cash Flow from Financing Activities: ₹(0.25)
  • Net Increase in Cash: ₹202.63
  • Cash at Beginning: ₹16.45
  • Cash at Ending: ₹219.08

Auditor Information

  • Statutory Auditor: M/S Jain & Golechha, Chartered Accountants (Firm Registration No. 119637W)
  • Auditor Opinion: Unmodified opinion with no key audit matters identified
  • The financial results were reviewed by the Audit Committee and taken on record by the Board
  • The limited review of Q4 financial results was carried out by statutory auditors

Additional Information

  • Operations considered multiple segment (Diamond and Real Estate businesses)
  • Previous period figures have been re-grouped/rearranged/re-classified where necessary
  • Financial results prepared in accordance with Ind AS
  • Investor complaints: Nil pending, received, disposed, or unresolved during the quarter
  • The statement includes results for quarter ended March 31, 2026 as balancing figure between audited full year and published unaudited year-to-date figures up to third quarter