Financial Results Approval

The Board approved the Unaudited Financial Results for the quarter ended June 30, 2026, pursuant to Regulation 33 of SEBI (LODR) Regulations, 2015. The results show:

  • Total Income: ₹144.34 crore
  • Total Expenses: ₹130.08 crore
  • Profit before tax: ₹14.26 crore
  • Tax expense: ₹3.59 crore
  • Net profit: ₹10.67 crore
  • Earnings Per Share (Basic and Diluted): ₹3.15
  • Paid-up Equity Share Capital: ₹3.41 crore (face value ₹10 per share)

The results were reviewed by statutory auditors M/s Anant Rao & Mallik, who issued an unmodified conclusion.

Auditor Appointment

The Board recommended the appointment of M/s. Venugopal & Chenoy, Chartered Accountants, Hyderabad (Firm Registration No. 004671S) as Statutory Auditors for a first term of five consecutive years, commencing from the conclusion of the 27th Annual General Meeting until the conclusion of the 32nd AGM in 2031. This replaces the retiring auditors M/s. Anant Rao & Malik.

Capital Structure and Borrowing Approvals

The Board recommended to members:

  • Increase in borrowing powers under Section 180(1)(c) of Companies Act, 2013 to ₹250 crore
  • Limit under Section 186 for Loans, Guarantees, Securities and Investments up to ₹250 crore

Credit Facilities

  • Approved availing Corporate Credit Card facility from Kotak Mahindra Bank Limited for business expenses
  • Approved additional credit facility of up to ₹20 crore from Kotak Mahindra Bank under ECLGS 5.0 for working capital requirements

Management Appointments

  • Appointment of Mr. Tejas Sanghi (Related Party) as Business Development Head for Place of Profit
  • Appointment of Mrs. Sakshi Sanghi (Related Party) as Associate Business Developer for Place of Profit

Dividend and AGM Arrangements

  • Fixed Monday, 21st September, 2026 as Record Date for determining entitlement of Members to receive Dividend for Financial Year 2025-26
  • Register of Members and Share Transfer Books to remain closed from Tuesday, 22nd September to Monday, 28th September, 2026
  • 27th Annual General Meeting to be held on Monday, 28th September, 2026 at 12:30 PM through Video Conferencing
  • Remote e-voting facility from Friday, 25th September at 9:00 AM to Sunday, 27th September at 5:00 PM

Other Corporate Actions

  • Approved sale of 3,418 equity shares held in demat/suspense account on behalf of eligible shareholders with fractional entitlements through BSE Limited
  • Approved closure of all bank accounts of erstwhile Narbada Gems & Jewellery Limited post-amalgamation
  • Opening of separate Dividend Distribution Account with HDFC Bank Limited, Banjara Hills Branch, Hyderabad
  • Appointment of CS. Ajay Suman Shrivastava as Scrutinizer and Mr. Sanjay Kumar Sanghi as Functional Director for e-voting

Compliance and Reporting

  • Board took note of various compliance reports including Investor Complaints, Related Party Transactions, Statutory compliances, Internal Audit Report, and Statement of Deviation Certificate
  • Approved Draft Director's Report, Management Discussion and Analysis Report, and Corporate Governance Report for FY 2025-26

Merger Updates

  • Board took note of update on merger of Narbada Gems and Jewellery Limited with the Company (appointed date 01.04.2024, NCLT approval on 21.01.2026)
  • Update on listing and trading of 4,50,000 equity shares pursuant to warrants conversion
  • Update on listing application filed with National Stock Exchange under direct listing norms

Meeting Details

The Board Meeting commenced at 12:30 PM and ended at 1:35 PM on August 13, 2026.