Manoj Vaibhav Gems 'N' Jewellers Limited Announces Board Meeting Outcomes and Releases Quarterly Financial Results
Manoj Vaibhav Gems 'N' Jewellers Limited announced several key outcomes from its Board of Directors meeting held on August 10, 2026. The company approved the unaudited financial results for the first quarter ended June 30, 2026, and confirmed the re-appointment of several senior management personnel and the statutory auditors.The Board meeting resulted in the approval of the Unaudited Financial Results for the 1st quarter ended June 30, 2026. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors.
In terms of corporate governance updates approved during the meeting, M/s Sagar & Associates, Chartered Accountants from Hyderabad (Peer Review No: 011975), was re-appointed as the Statutory Auditors of the Company for a period of five consecutive years, spanning from FY 2026-27 to FY 2030-31.
The company also approved the re-appointments and remuneration of several directors. Mrs. Bharata Mallika Ratna Kumari Grandhi (DIN: 00492520) was re-appointed as Chairperson and Managing Director (Executive Category) for a further term of five consecutive years, effective from February 12, 2027.
Furthermore, the Board approved the re-appointments of Mrs. Sai Keerthana Grandhi (DIN: 05211918) as a Whole-time Director (Executive Category) and Mrs. Sai Sindhuri Grandhi (DIN: 02795856) as an Executive Director, both for five consecutive years, effective March 01, 2027.
Financial Performance Highlights
The unaudited financial results for the quarter ended June 30, 2026 are presented below, with figures reported in Rin Crores:| Particulars | Jun 30, 2026 (Unaudited) | Mar 31, 2026 (Audited) | Jun 30, 2025 (Unaudited) | Mar 31, 2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 71391 | 754.47 | 54894 | 2,744.03 |
| Other Income | 149 | 1046 | 152 | 15.19 |
| Total income | 715.40 | 76493 | 55046 | 2,759.22 |
| Cost of raw material consumed | 509.50 | 58175 | 367.69 | 1,911.48 |
| Purchase of stock-in-trade | 290.42 | 25064 | 160.70 | 746.85 |
| Changes in inventories | (171.22) | (154.91) | (50.92) | (272.29) |
| Employee benefits expense | 15.22 | 14.18 | 13.69 | 56.15 |
| Finance costs | 1072 | 894 | 897 | 35.50 |
| Depreciation and amortization expense | 243 | 217 | 231 | 958 |
| Other expenses | 2534 | 2470 | 2038 | 11659 |
| Total Expenses | 682.41 | 72747 | 52282 | 2,603.86 |
| Profit before exceptional items and tax | 3299 | 37.46 | 27.64 | 155.36 |
| Exceptional Items | (3.78) | - | 144 | |
| Profit before tax | 3677 | 3746 | 2764 | 153.92 |
| Current tax | 9.43 | 9.26 | 721 | 4011 |
| Deferred Tax | (0.23) | 0.04 | (0.22) | (1.13) |
| Profit for the period/ year | 2757 | 28.16 | 2059 | 11498 |
The company noted that a provision of ¥15.13 Crores was recognized during FY 2025-26 towards potential losses on the uncovered portion of its metal based jewellery purchase plan obligations. During the current quarter, X3.78 Crores of this provision was reversed and the balance %11.35 Crores remains till maturity.
Annual General Meeting Details
The meeting for the company's shareholders has been scheduled. The 37th Annual General Meeting (AGM) is set to be held on Friday, September 25, 2026, at 12:00 noon through Video Conference or other Audio Visual means (VC/OAVM).The Board meeting commenced at 03:50 p.m. and concluded at 04:15 p.m.
MVGJL Stock Price Movement
Manoj Vaibhav Gems N Jewellers Limited shares gained 2.32% on the close today, settling at ₹172.52. The stock traded through a tight intraday range and saw a total volume of 52,628 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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