UDAY JEWELLERY INDS. LTD.

Sells gold and diamond jewellery to retail consumers through its outlets, with revenue from operations nearly doubling in FY26 — driven largely by the NCLT-approved merger with Narbada Gems and Jewellery Limited (effective April 1, 2024) and the acquisition of Sanghi Jewellers Private Limited. PAT grew 127.03% year-on-year on an EBITDA margin of 7.94%. Raw materials — gold, precious metals and stones — dominate the cost base at 101.9% of revenue, leaving thin operating spreads; employee costs are 2.0% and other operating expenses 1.3% of revenue. The Sanghi family holds approximately 74% as the promoter group, and recent board changes have brought additional family members into executive roles. The company has applied for direct listing on NSE alongside its existing BSE listing, plans to open a branch in Chennai, and a filing references NCLT insolvency proceedings admitted on June 21, 2026, under the IBC framework.