Advit Jewels Approves Unaudited Q Results, Announces Major Changes in Directorship and Management Structure

Advit Jewels Approves Unaudited Q Results, Announces Major Changes in Directorship and Management Structure​

Advit Jewels Limited, formerly known as Advit Jewels Private Limited, has announced key outcomes of its Board Meeting held on August 10, 2026. The board approved the un-audited financial results for the quarter ended June 30, 2026, simultaneously approving several significant changes in senior management and board composition.

The company confirmed that it is engaged in the manufacturing of gold ornaments and jewellery, specializing in Kundan, Meena, and Polki jewellery, serving both domestic and export markets.

Key Personnel Appointments and Resignations​

The Board meeting resulted in several crucial structural adjustments to the company's leadership team:

• New Appointment: Mr. Abhishek Gilara was appointed as an Additional Director and Joint Managing Director for a period of five years, effective August 10, 2026, subject to shareholder approval at the forthcoming Annual General Meeting (AGM).
• Designation Change: Mr. Vipul Gilara, who is already a Whole-time Director, was granted the additional designation of Chief Executive Officer (CEO) with effect from August 10, 2026.
• New Role Creation: Mr. Krishna Vardhan Gilara, who resigned from his previous role as Non-Executive Non-Independent Director on the same date, was immediately appointed as the Chief Expansion Officer and designated as Senior Management Personnel of the Company.

The board meeting also addressed the re-constitution of the Nomination and Remuneration Committee (NRC) following Mr. Krishna Vardhan Gilara’s departure from his non-executive role. The newly revised constitution of the NRC includes Amit Bardia, Divyank Bader, and Arzoo Mantri as Independent Directors. Furthermore, the re-appointment of Mr. Prateek Gilara, a Whole Time Director liable to retire by rotation, was approved subject to shareholder approval.

Financial Performance Highlights​

The Board reviewed and approved the Unaudited Financial Results for the quarter ending June 30, 2026. The performance data for the period is summarized below:

Financial and Operational Updates​

The board meeting also took note of the limited review report on the unaudited financial results for the quarter ended June 30, 2026. Furthermore, M/s R N V & Associates was appointed as the Internal Auditor for the financial year 2026-27.

In addition to operational changes, the company approved the Directors' Report and Management Discussion and Analysis Report for the financial year ended March 31, 2026. The board also sanctioned the proposal to convene its 7th Annual General Meeting (AGM) on Monday, September 28, 2026.

Investor complaint status for the quarter ended June 30, 2026 showed zero pending complaints at the beginning of the period, zero complaints received during the period, and zero unresolved complaints at the end of the period.

RAMBHAJO Stock Price Movement​

Today, Advit Jewels Limited shares edged higher in a strong closing session, finishing at ₹193.9 after gaining 4.80%. The stock activity included a traded volume of 807,563 shares, as it held within an intraday range spanning from ₹181.13 to ₹197.07.