Board Meeting Details
The Board of Directors meeting commenced at 03:00 p.m. and concluded at 05:40 p.m. on 13th November, 2026.
Key Approvals and Considerations
- Approved the Unaudited Standalone Financial Results for the 2nd quarter and 6 months ended 30th September, 2026
- Considered the Limited Review Report issued by M/s CVB & Associates, Chartered Accountants (FRN: 116131W)
- Considered Share Capital Audit Report, Reports of various committees, Investor complaints and other reports
Financial Results Overview (Six Months Ended 30-Sep-2026)
Income Statement Highlights:
- Revenue from Operations: ₹3,327.54 lakh (compared to ₹953.27 lakh in H1 FY26)
- Other Income: ₹0.91 lakh
- Total Income: ₹3,328.45 lakh
- Cost of Raw Material Consumed: ₹2,875.28 lakh
- Purchases of Stock-in-Trade: ₹317.95 lakh
- Changes in Inventories of Stock-in-Trade: (₹349.71) lakh
- Employee Benefits Expense: ₹40.13 lakh
- Financial Costs: ₹21.42 lakh
- Depreciation and Amortization Expense: ₹0.76 lakh
- Other Expenses: ₹59.44 lakh
- Total Expenses: ₹2,982.80 lakh
- Profit before tax: ₹345.65 lakh (compared to ₹88.51 lakh in H1 FY26)
- Tax expense: ₹92.50 lakh (Current tax: ₹87.00 lakh, Short/(Excess) provision of earlier year: ₹6.16 lakh, Deferred tax: (₹0.66) lakh)
- Net Profit for the period: ₹253.14 lakh (compared to ₹66.23 lakh in H1 FY26)
Earnings Per Share:
- Basic EPS: ₹5.28 (compared to ₹1.38 in H1 FY26)
- Diluted EPS: ₹5.28 (compared to ₹1.38 in H1 FY26)
Balance Sheet Highlights (as at 30-Sep-2026):
- Share Capital: ₹479.00 lakh (unchanged)
- Reserves and Surplus: ₹2,188.98 lakh
- Long Term Borrowings: ₹72.42 lakh
- Short Term Borrowings: ₹458.46 lakh
- Trade Payables: ₹234.30 lakh
- Other Current Liabilities: ₹128.83 lakh
- Total Liabilities: ₹3,677.60 lakh
- Inventories: ₹2,926.34 lakh
- Trade Receivables: ₹479.68 lakh
- Cash and Cash Equivalents: ₹61.54 lakh
- Short Term Loan & Advances: ₹23.17 lakh
- Other Current Assets: ₹12.30 lakh
- Total Assets: ₹3,677.60 lakh
Cash Flow Statement (Six Months Ended 30-Sep-2026):
- Net cash used in operating activities: (₹46.24) lakh
- Net cash used in investing activities: ₹0
- Net cash generated from financing activities: ₹79.30 lakh
- Net increase in cash and cash equivalents: ₹33.06 lakh
Auditor's Limited Review Report
M/s CVB & Associates issued a limited review report with the following emphasis of matter points:
- Balances of trade payables, trade receivables, and advances received are subject to reconciliation and confirmation
- Reliance on valuation report from registered valuer for inventory valuation of ₹2,926.34 lakh (Gems and Jewelry requires technical expertise)
- Balances with Government authorities are subject to reconciliation and confirmation
The auditors conducted their review in accordance with Standard Review Engagements (SRE) 2410 and provided moderate assurance that the financial results are free from material misstatement.
Additional Information
- The financial results will be advertised in newspapers pursuant to Regulation 47 of SEBI LODR
- Information is available on the company's website: www.varyaacreations.com
- The company operates in a single segment: trading & manufacturing of Gems and Jewellery
- Figures for earlier periods have been regrouped/rearranged for comparability
- The financial statements are prepared under the historical cost convention on accrual basis