This is to inform you that Meeting of the board of director of the company held on thursday, 13th November 2025 at the registered office of the company discussed and approved 1. Issuance ....
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S. M. Gold Ltd's board approved its unaudited financial results for Q2 and H1 FY26 (ended September 30, 2025). Revenue from operations surged to Rs. 4,469.28 lakhs in Q2 FY26, up roughly 144% from Rs. 1,830.17 lakhs in Q2 FY25. For H1 FY26, revenue rose about 69% to Rs. 7,022.22 lakhs (vs Rs. 4,160.66 lakhs in H1 FY25). H1 profit after tax grew to Rs. 57.72 lakhs from Rs. 33.41 lakhs (~73% growth), though Q2 PAT dipped to Rs. 43.21 lakhs from Rs. 68.29 lakhs. EPS for H1 stood at Rs. 0.58 vs Rs. 0.33 earlier. The board also approved a Rights Issue of equity shares of face value Rs. 10 each, aggregating up to Rs. 49 Crores, to be offered to existing shareholders. The auditor issued a clean limited review report with no qualifications.
Strong revenue growth and improved H1 profitability are positives, though the sharp Q2 PAT dip and a big jump in trade receivables (from Rs. 31 lakh to Rs. 1,382 lakh) raise working capital concerns. The upcoming Rights Issue of up to Rs. 49 Crores may dilute existing shareholders — terms like price and entitlement ratio are still awaited, which will determine whether the fundraise is value-accretive or dilutive.