<h1>Uday Jewellery Industries Ltd Board to Review Q1 Results, Approve Rs 250 Crore Borrowing Limit</h1>
Uday Jewellery Industries Ltd has scheduled a meeting of its Board of Directors for Thursday, August 13, 2026. The meeting, set to be held at the company’s registered office in Hyderabad via video conference or OAVM, includes critical decisions regarding quarterly financial results, management appointments, and financial limits.
Key items slated for discussion include the consideration and approval of the Unaudited Financial Results for the quarter ended on June 30, 2026. The Board will also review and approve the Limited Review Report related to these un-audited results. Furthermore, the meeting agenda covers matters pertaining to Related Party Transactions undertaken during the same period as well as material transactions planned for the fiscal year 2026-27.
Financial Powers and Corporate Governance
A significant item on the agenda is the proposed increase in the company's borrowing powers. The Board will consider approving the increase, along with related charges and mortgages of assets, up to Rs 250 Crores. Additionally, the company’s limit under Section 186 of the Companies Act, 2013 for Loans, Guarantees, Securities and Investments is also scheduled for approval up to Rs 250 Crore.The meeting will also address matters related to corporate structure and finance, including the closure of bank accounts belonging to Narbada Gems & Jewellery Limited, following the scheme of amalgamation.
Management and Financial Oversight
Personnel changes are among the decisions under review. The Board is scheduled to consider and approve the appointment of Mr Tejas Sanghi, identified as a Related Party, as Business Development Head, and Mrs Sakshi Sanghi, also a Related Party, as Associate Business Developer of the company.In terms of financial compliance and governance, the agenda includes reviewing the Internal Audit Report for the quarter ended June 30, 2026, and considering the approval of the Draft Director's Report along with associated annexures for the financial year 2025-26. The appointment and re-appointment of M/s Anant Rao & Malik Chartered Accountants as Statutory Auditor for five consecutive years is also listed.
AGM Preparations
The Board meeting will address preparations for the Twenty Seventh Annual General Meeting. This includes fixing the Book Closure dates and cut-off date to determine shareholder eligibility for e-voting, as well as setting the Record Date for determining entitlement of Members to receive a Dividend for the Financial Year 2025-26. The draft notice for convening the Annual General Meeting and related matters will also be considered.Stock Price Movement
Uday Jewellery Industries Ltd settled at ₹139.35 on Friday, edging up by 0.50%. The shares traded within a wide intraday range, finding a low of ₹138.65 but peaking at ₹163.00 during the session.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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