Outcome of the Board Meeting held on 11-11-2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.0 pts less than its Gems, Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The board approved unaudited financial results for H1 FY26 (ended September 30, 2025) along with a clean limited review report from the statutory auditors. Revenue from operations rose about 29% to ₹11,917 lakhs versus ₹9,224 lakhs in H1 FY25, while profit after tax jumped nearly 62% to ₹261 lakhs from ₹161 lakhs. Basic EPS improved to ₹5.67 from ₹2.77. The board also approved acquiring AJC Jewel Manufacturers FZE, a promoter-group entity based in the UAE operating in the same jewellery business, to expand foreign market presence. Trade receivables have nearly doubled and short-term borrowings have risen sharply, while reserves and surplus grew to ₹2,480 lakhs, supported by fresh equity infusion.
Strong top-line and bottom-line growth, combined with international expansion via a UAE subsidiary, signals positive momentum for shareholders. However, rising receivables and short-term borrowings are worth monitoring closely.