Manoj Vaibhav Gems N Jewellers Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
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Manoj Vaibhav Gems N Jewellers held a board meeting on August 11, 2025, and approved its Q1 FY26 (quarter ended June 30, 2025) unaudited financial results. Revenue from operations stood at ₹548.94 crore, up marginally from ₹539.06 crore in Q1 FY25 (~1.8% growth), while net profit for the quarter came in at ₹20.59 crore, down from ₹21.77 crore in the year-ago quarter (~5.4% decline). The board also appointed P.S. Rao & Associates as Secretarial Auditors for a 5-year term (FY26–FY30) and elevated its outgoing COO, Rakhal Gontla, to the role of Joint Managing Director for 5 years, while appointing Jonnada Vaghira Kumari as an Independent Director for 2 years. The 36th AGM has been fixed for September 26, 2025, via video conferencing. Statutory auditor Sagar & Associates issued a clean limited review report with no qualifications.
For shareholders, the results show flat revenue growth and a slight dip in profitability, but the new leadership appointments—particularly the elevation of Rakhal Gontla to JMD—signal continuity in operations. The announcement is largely administrative in nature, with no major red flags from the auditor's review.