Divine Hira Jewellers Completes Board Meeting: Reviews Q Financial Results; Announces Key Personnel Changes

<h1>Divine Hira Jewellers Completes Board Meeting: Reviews Q Financial Results; Announces Key Personnel Changes</h1>

Divine Hira Jewellers Limited has completed its Board meeting, reviewing the unaudited financial results for the quarter ended June 30, 2026. The Board also addressed several significant governance matters, including key appointments and a director resignation, as well as approving the notice for the forthcoming Annual General Meeting (AGM).

The company’s management approved the Unaudited Financial Results prepared in accordance with Indian Accounting Standard 34, Interim Financial Reporting (Ind AS 34). The results were reviewed by Independent Auditors, M/s Muchhal & Gupta, and were approved by the Audit Committee.

Financial Performance Highlights​

For the quarter ended June 30, 2026, Divine Hira Jewellers reported Total income of 19,540.69 Lakhs. The company recorded Total expenses of 19,415.43 Lakhs, resulting in a Net profit for the period of 93.73 Lakhs.

The unaudited results show a comparison against the previous year's figures:


The company's financial results were also reviewed against previous GAAP figures, showing a reconciliation of net profit as on 31-03-2026. Net profit after tax reported under previous GAAP was 712.55 Lakhs, resulting in a Net Profit after tax per Ind AS of 708.94 Lakhs following adjustments related to the transition.

Key Appointments and Personnel Changes​

The Board meeting resulted in several significant personnel decisions:

• Chief Financial Officer (CFO) Appointment: The Board approved the appointment of Ms. Khushbu Niraj Gulecha (DIN: 09677573) as a Whole-time Director, effective from August 08, 2026. This appointment is subject to shareholder approval at the ensuing Fourth Annual General Meeting scheduled for September 04, 2026. Ms. Gulecha, who is related to Mr. Niraj Hirachand Gulecha, CFO of the Company, has experience in jewellery designing and holds a master's degree in commerce from the University of Mumbai.
• Company Secretary Appointment: Mr. Praful Suresh Vani (ACS: 80960) was appointed as the Company Secretary and Compliance Officer (Key Managerial Personnel), effective August 08, 2026. Mr. Vani is an Associate Member of the Institute of Company Secretaries of India with expertise in corporate governance and regulatory compliances.
• Director Reappointment: The Board recommended the re-appointment of Mr. Dhiraj Kiranraj Rathod (DIN: 07924804) as a NonExecutive Director, subject to shareholder approval at the upcoming AGM. Mr. Rathod is a Chartered Accountant with over 11 years of experience in finance and corporate advisory.
• Auditor Appointments: M/s DMJ & Partners (Formerly Known as Jain & Vishwakarma) were appointed as Secretarial Auditors for the financial years 2026-27 to 2030-31, subject to shareholder approval. The firm is a partnership of practicing company secretaries with collective experience exceeding 30 years in corporate governance and compliance.

Board Action Items and AGM Details​

The meeting also addressed regulatory and operational requirements:

• Director Resignation: Mr. Niraj Hirachand Gulecha (DIN: 09238372) resigned from the position of Whole-time Director, effective with immediate effect from the close of business hours on August 08, 2026, citing personal reasons.
• Corporate Governance: The Board considered and approved the Directors Report and the Secretarial Audit Report for the financial year ended March 31, 2026.
• AGM Planning: The Fourth Annual General Meeting of members was approved to be convened on September 04, 2026. The Cut-off Date set to determine eligibility for voting is August 28, 2026. Remote e-voting will commence on August 31, 2026, at 09:00 a.m. IST and concludes on August 03, 2026, at 05:00 p.m. IST.
• Service Providers: M/s DMJ & Partners were also reappointed as the Scrutinizer for e-voting purposes for the AGM.

DIVINEHIRA Stock Price Movement​

Shares of Divine Hira Jewellers Limited on Friday slipped by 0.83% to settle at ₹107.90. The stock registered a total traded volume of 14,400 shares during the session.