SUNRAJ DIAMOND EXPORTS LTD.

Deals in rough and polished diamonds, with the Board citing training in the manufacturing and assortment of these stones. In FY26, revenue from operations rose 26.5% year-on-year, though the consolidated result slipped into a small net loss against a profit a year earlier. A wholly-owned subsidiary, Sunraj Diamonds DMCC in the Dubai Multi Commodities Centre, reported nil revenues across multiple quarters and pulled the consolidated bottom line into the red. The scale is very small — total assets of Rs 25.56 crore sit against total borrowings of Rs 1,468 lakhs and a consolidated net worth of just Rs 96 lakhs, leaving other equity negative at Rs (435.45) lakhs. Reported FY26 costs are dominated by other operating expenses (14.9% of revenue) and employee costs (7.7%), with materials cost reported at nil. The statutory auditor issued a qualified opinion on FY26 accounts because the company did not provide for employee retirement benefits under IND AS 19.