Pushpa Jewellers Limited Boards Approve FY26 Results and Reconstitute Key Committees
Pushpa Jewellers Limited announced the outcomes of its Board of Directors meeting held on May 30, 2026. During the meeting, the Board considered and approved the audited standalone financial results, along with the Statement of Assets & Liabilities and Cash Flow Statement, for the year ended March 31, 2026. The company also noted the receipt of the Standalone and Consolidated Auditors Report for the same period, issued by M/s. S K Agarwal and Co Chartered Accountant LLP.The company’s Board took note of several corporate governance updates and key developments. The meeting approved the reconstitution of the Audit Committee and the Stakeholders' Relationship Committee, following the resignation of Mr. Pranay Agarwal, an Independent Director.
The revised composition of the committees is detailed below:
Audit Committee
| Sr. No. | Name | Position | Category |
|---|---|---|---|
| 1 | Ms. Shaista Afreen | Chairperson | Non-Executive & Independent Director |
| 2 | Ms. Gargi Singh | Member | Non-Executive & Independent Director |
| 3 | Mr. Mridul Tibrewal | Member | Whole-time Director & CEO |
Stakeholders' Relationship Committee
| Sr. No. | Name | Position | Category |
|---|---|---|---|
| 1 | Ms. Shaista Afreen | Chairperson | Non-Executive & Independent Director |
| 2 | Ms. Gargi Singh | Member | Non-Executive & Independent Director |
| 3 | Mr. Anupam Tibrewal | Member | Managing Director |
The Board also took note that the composition of the Nomination and Remuneration Committee is currently not in compliance with regulatory requirements due to the Independent Director resignation. The company confirmed it is in the process of appointing a suitable Independent Director and will reconstitute the Committee within the prescribed timelines.
Furthermore, the Board noted the outcome of the Extraordinary General Meeting held on May 6, 2026, where the Special Resolution concerning the issuance of warrants on a preferential basis was not approved by the shareholders.
***
Financial Highlights: Statement Tables
The annual financial results for the year ended March 31, 2026, reflect the following key positions:Balance Sheet as on March 31, 2026 (Rs. in lakhs)
| Particulars | 31st March 2026 | 31st March 2025 |
|---|---|---|
| EQUITY AND LIABILITIES | ||
| Share Capital | 2,422.29 | 1,885.29 |
| Reserves and Surplus | 13,021.32 | 3,928.24 |
| Long Term Borrowings | 1,564.24 | 1,092.85 |
| Deferred Tax Liabilities (Net) | 71.84 | 45.42 |
| Other Long Term Liabilities | 3.00 | - |
| Long Term Provision | 18.73 | 9.86 |
| Total Equity & Liabilities | 1,657.81 | 1,148.13 |
| ASSETS | ||
| Property, Plants & Equipment | 2,631.80 | 1,590.97 |
| Intangible Assets | 0.47 | 0.34 |
| Non-Current Investment | 4.87 | 3.12 |
| Other Non-Current Assets | 345.33 | 438.44 |
| Total Non-Current Assets | 2,982.47 | 2,032.87 |
| CURRENT ASSETS | ||
| Inventories | 9,106.43 | 3,548.73 |
| Trade Receivables | 3,551.34 | 1,966.48 |
| Cash and Cash Equivalents | 689.29 | 387.17 |
| Short Term Loans and Advances | 38.39 | 248.00 |
| Current Tax Assets | 698.17 | - |
| Other Current Assets | 686.42 | 365.39 |
| Total Current Assets | 14,770.04 | 6,515.78 |
| TOTAL | 17,752.51 | 8,548.64 |
***
Statement of Profit & Loss for the Year Ended March 31, 2026
| Particulars (Rs. in lakhs) | 31st March 2026 (Audited) | 31st March 2025 (Audited) |
|---|---|---|
| I Revenue from Operations | 24,740.69 | 28,106.07 |
| II Other Income | 32.44 | 21.01 |
| III Total Income | 24,773.13 | 28,127.09 |
| IV Cost of Raw Materials Consumed | 21,805.76 | 23,902.64 |
| V Purchase of Traded Goods | - | 864.65 |
| VI Change in Inventories of Finished Goods, Work-In-Progress & Stock-In-Trade | 10.18 | (666.71) |
| VII Employee Benefits Expense | 359.51 | 397.44 |
| VIII Finance Costs | 59.15 | 157.61 |
| IX Depreciation and Amortization Expense | 54.47 | 66.64 |
| X Other Expenses | 328.48 | 424.25 |
| XI Total Expenses | 22,617.55 | 25,146.53 |
| XII Profit Before Tax (XIII - XI) | 2,155.58 | 2,980.57 |
| XIII Profit Before Tax (XII - VIII) | 2,028.76 | 2,980.57 |
| XIV Tax Expense: | ||
| Current Tax | 511.10 | 734.10 |
| Deferred Tax | 9.60 | 17.52 |
| Total Tax Expense | 543.24 | 751.62 |
| XV Profit for the Year (XIII - XIV) | 1,485.52 | 2,228.94 |
***
Cash Flow Statement for the Year Ended March 31, 2026
| Particulars (Rs. in lakhs) | 31st March 2026 | 31st March 2025 |
|---|---|---|
| Cash Flow from Operating Activities: | ||
| Net Profit Before Tax | 3,499.46 | 2,980.25 |
| Adjustments: | ||
| Depreciation and Amortization | 103.24 | 55.67 |
| Foreign Exchange Fluctuation Profit / Loss | (5.70) | - |
| Rental Income | (2.25) | - |
| Advance Written Back | (4.33) | - |
| Provision for Gratuitiy | 9.32 | 4.33 |
| Finance Cost | 205.34 | 149.40 |
| Other Items treated under investing / financing activities | (103.43) | - |
| Other Non-Cash Items | 96.11 | (424.89) |
| Operating Profit Before Working Capital Changes | 3,797.76 | 2,764.76 |
| Change in Working Capital | (7,172.08) | (2,454.00) |
| Cash Generated from Operations | (3,374.32) | 310.76 |
| Income Tax Payments / Refunds | (1,755.05) | (720.47) |
| Net Cash Flow from Operating Activities (A) | (5,129.37) | (409.71) |
| Cash Flow from Investing Activities: | ||
| Payment for Property Plant and Equipment | (1,144.47) | (595.56) |
| Proceeds from Sale of Fixed Assets | 1.61 | 1.73 |
| Investment Made | (1.75) | - |
| Commodity Profit | 99.25 | - |
| Foreign Exchange Fluctuation Profit / Loss | 5.70 | - |
| Interest Received | 2.85 | 10.07 |
| Rental Income | 2.25 | - |
| Advance Written Back | 4.33 | - |
| Net Cash Flow from Investing Activities (B) | (1,030.23) | (583.76) |
| Cash Flow from Financing Activities: | ||
| Proceeds from Long Term Borrowings | 575.93 | 608.87 |
| Repayment of Long Term Borrowings | (104.54) | - |
| Increase / (Decrease) in Short Term Borrowing | (845.89) | 718.62 |
| Interest Paid | (205.34) | (149.40) |
| Proceeds from Issue of Equity Shares | 7,893.90 | - |
| Transaction Cost for Issue of Equity Shares | (852.32) | - |
| Net Cash Flow from Financing Activities (C) | 6,461.74 | 1,178.10 |
| Net Increase / (Decrease) in Cash and Cash Equivalents (A + B + C) | 302.14 | 184.63 |
| Cash and Cash Equivalents at the Beginning of the Year | 387.17 | 202.55 |
| Cash and Cash Equivalents at the End of the Year | 689.29 | 387.17 |
PUSHPA Stock Price Movement
On Friday, Pushpa Jewellers Limited shares edged higher, closing at ₹128.20 after gaining 7.71%. The stock traded on a high volume of 92,000 shares, finishing the day within a ₹119.90 to ₹129.70 range.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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