Outcome of Board meeting for meeting held on 03-02-2026 for approval of unaudited results for Q3FY2025-26
Awaiting price reaction for this filing.
The Board of Narbada Gems and Jewellery Ltd approved unaudited financial results for Q3FY26 and nine months ended 31 December 2025. Revenue from operations stood at Rs 22.37 crore for the quarter (vs Rs 21.51 crore in Q3FY25, ~4% growth) and Rs 69.41 crore for nine months (vs Rs 63.57 crore, ~9% growth). Net profit for the quarter was Rs 1.83 crore (vs Rs 1.48 crore, up ~24%) and for nine months was Rs 7.16 crore (vs Rs 4.11 crore, up ~74%), reflecting strong margin expansion driven by lower material costs. The statutory auditors issued an unmodified (clean) limited review opinion. The Board also noted the NCLT Hyderabad order dated 21 January 2026 sanctioning the Scheme of Amalgamation of Narbada Gems & Jewellery Ltd (Transferor) into Uday Jewellery Industries Ltd (Transferee).
For shareholders, this is a major corporate event: Narbada Gems is being merged into Uday Jewellery Industries Ltd, so shareholding will eventually translate into shares of the Transferee Company as per the swap ratio. The strong nine-month profit growth and clean audit are positives, but the merger is the most material development to track for the stock.