Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and six months ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results

Audit Opinion:

Disclaimer of Opinion (Modified)

Auditor’s Comment:

Auditors UMMED JAIN & CO. issued a disclaimer of opinion stating they were unable to obtain sufficient appropriate evidence to provide a basis for conclusion due to:

  • Lack of balance confirmations/statements for borrowings of ₹17,730.38 lakhs
  • No supporting details for adhoc/repayment of ₹1,405.61 lakhs to an ARC
  • Differential amount of ₹31,677.89 lakhs in creditor claims not accounted for
  • Trade receivables of ₹69,768.84 lakhs without confirmations and no ECL provision
  • Trade payables of ₹29,835.14 lakhs without confirmations
  • Foreign currency items not restated at reporting date exchange rates
  • Inability to determine tax liabilities
  • Material uncertainty regarding going concern

Key Financial Highlights [Amount in Lakhs Except Share Data]:

Standalone Results:

| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 | H1 FY27 | H1 FY26 | FY26 |

| Revenue from Operations | 71.41 | (0.28) | 39.20 | 71.13 | 47.59 | 213.33 |

| Total Income | 90.82 | 18.36 | 57.56 | 109.18 | 82.88 | 288.31 |

| Net Profit | (15.65) | (39.69) | (40.31) | (55.35) | (87.39) | (151.09) |

| EPS (₹) | (0.00) | (0.01) | (0.01) | (0.02) | (0.03) | (0.05) |

Consolidated Results:

| Metric | Q2 FY27 | Q1 FY27 | Q2 FY26 | H1 FY27 | H1 FY26 | FY26 |

| Revenue from Operations | 71.69 | 3.70 | 39.48 | 75.39 | 48.16 | 214.45 |

| Total Income | 70.71 | 3.70 | 41.43 | 74.41 | 62.73 | 239.31 |

| Net Profit | (21.15) | (31.20) | (36.29) | (52.34) | (58.82) | (102.48) |

| EPS (₹) | (0.01) | (0.01) | (0.01) | (0.02) | (0.02) | (0.03) |

Balance Sheet Position (Standalone as of 30/09/2026):

  • Total Assets: ₹73,657.50 lakhs
  • Equity Share Capital: ₹3,170.00 lakhs
  • Other Equity: ₹21,302.14 lakhs
  • Borrowings: ₹17,730.38 lakhs (current) + ₹11.68 lakhs (non-current)
  • Trade Payables: ₹29,835.14 lakhs
  • Trade Receivables: ₹69,768.84 lakhs
  • Cash and Cash Equivalents: ₹1,407.34 lakhs

Balance Sheet Position (Consolidated as of 30/09/2026):

  • Total Assets: ₹79,135.90 lakhs
  • Equity Share Capital: ₹3,170.00 lakhs
  • Other Equity: ₹20,013.02 lakhs
  • Borrowings: ₹18,157.75 lakhs (current) + ₹11.68 lakhs (non-current)
  • Trade Payables: ₹36,575.96 lakhs
  • Trade Receivables: ₹76,281.54 lakhs
  • Cash and Cash Equivalents: ₹1,408.45 lakhs

Segment-wise Performance:

Consolidated Segment Revenue (H1 FY27):

  • Diamond: ₹71.69 lakhs
  • Jewellery: Not specified

Consolidated Segment Results (H1 FY27):

  • Diamond: ₹(18.04) lakhs loss
  • Jewellery: ₹40.12 lakhs profit

Corporate Actions:

Not Specified

Other Significant Information:

  • Material uncertainty regarding going concern basis
  • Foreign currency trade receivables and payables not restated at reporting date exchange rates
  • No provision for Expected Credit Loss on trade receivables of ₹69,768.84 lakhs
  • Investment in subsidiaries: ₹2.03 lakhs in M.B. Diamonds LLC and ₹7.44 lakhs in Goenka Diamond and Jewels DMCC
  • Loan to subsidiary Goenka Diamond & Jewels DMCC: ₹1,249.95 lakhs with accrued interest of ₹1,054.34 lakhs (fully provided)
  • Payment of ₹1,405.61 lakhs to Alchemist ARC as adhoc/repayment showing settlement intent
  • Substantial decline in business operations with minimal revenue generation