Un-audited Financial Results Standalone and Consolidated along with Limited Review Report for the quarter ended 30.06.2025 and other AGM related items
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The board, meeting on August 14, 2025, approved the unaudited standalone and consolidated financial results for Q1 FY26 (ended June 30, 2025) along with limited review reports from the statutory auditors. It appointed M/s Sagar & Associates as new statutory auditors and M/s Ajay Yadav & Associates as secretarial auditor, both for 5 years, subject to shareholder approval. The board cleared material related-party transactions with several group LLPs (Vega Jewellers J Hills, KKD, ELR, and M/s Vega Jewellers) and raised its stake in Vega Jewellers J Hills LLP from 50.99% to up to 61%. It also allotted 33,000 equity shares (Rs. 10 face value) on the exercise of warrants from a December 2024 preferential issue. The 43rd AGM is set for September 19, 2025 via video conferencing, with the e-voting cut-off on September 12, 2025.
Shareholders should note a change in statutory auditor (subject to AGM approval) and multiple material related-party transactions requiring their vote at the upcoming AGM. The small warrant-conversion allotment is mildly dilutive but signals promoter/holder confidence; the increased LLP stake consolidates control over a key subsidiary.