Aayush Art And Bullion Ltd

Aayush Art And Bullion Limited — Trading Window closed from 01st October, 2026 till the end of 48 hours after the declaration of Un-audited Financial Results for the Half Year ended 30th September, 2026

Resignation of Non-Executive Director

• Mr. Piyush Parmar resigned as Non-Executive Director effective 22 September 2026 for personal reasons.

Appointment of Additional Director

• Mr. Bikash Rasily appointed as Additional Non-Executive Director, effective 22 September 2026; marketing professional with 5+ years' experience.

Committee Reconstitution

• Audit, Nomination & Remuneration, and Stakeholders Relationship committees reconstituted with Bikash Rasily joining as Member-Non-Executive.

AGM details

• AGM held on 10 September 2026 via VC/OAVM; start 3:30 PM, end 3:40 PM.
• Remote e-voting window: 7–9 September 2026; voting unblocked on 10 September 2026.
• Record date: 3 September 2026; total shareholders on record 321; 11 public attendees via VC.

Resolutions and outcomes

• Resolution 1: Adopt audited financial statements and reports; passed.
• Resolution 2: Re-appoint Bhavnaben Prahaladbha i Trivedi; passed.
• Resolution 3: Regularize Mehal Bipinchandra Raval as Managing Director; passed.
• Resolution 4: Approve loans/guarantees/securities/investments under section 186; passed.
• Resolution 5: Approve loans/guarantees/SECURITY where directors are interested under section 185; passed.
• Resolution 6: Power to borrow funds under section 180(1)(c); passed.
• Resolution 7: Increase authorized share capital and related charges under section 180(1)(a); passed.

Other material notes

• Auditor appointment/changes: not disclosed in the excerpt; no alternate auditor details provided.
• Material related party transactions: approvals framed; no counterparties disclosed in the summary.

AGM Details

• Held 10 September 2026 at 3:30 PM via VC/OAVM.
• Meeting concluded 3:40 PM; 11 members attended.
• Proxies not required except for corporate shareholder representatives.

Ordinary Business

• Receive, consider and adopt audited financial statements for FY ended March 31, 2026.
• Appointment of Bhavnaben Trivedi, retiring by rotation, for reappointment.

Special Business

• Regularization of Mehal B. Raval as Managing Director.
• Approval to give loans, guarantees, provide securities and investments under Section 186.
• Approval for loans/guarantee or security in connection with loans to related parties under Section 185.
• Power to borrow funds under Section 180(1)(c).
• Increase in limits under Section 180(1)(a) for creating charge on assets.

Voting Update

• Voting results to be submitted separately; scrutinizers report awaited.

CFO Appointment

• Appointment of Mr. Belim Rifaqathussain Mehboobbhai as Chief Financial Officer effective 24 August 2026.
• Profile: Finance professional with 15+ years in accounting, taxation, compliance, and financial reporting.
• Effective date and term: 24 August 2026; term not specified.
• Disclosure of relationships between directors: NA.

Appointment of CS & CO

• Mr. Anuj Maheswari appointed Company Secretary and Compliance Officer, effective 21 August 2026.
• Qualified CS with 10+ years' experience, including 6+ years with Sterling Power Ventures Pvt. Ltd.
• No relationships with directors or promoters disclosed.

CFO resignation

• Ms. Bhagyashri Shyambihari Agrawal resigned as CFO effective 20 August 2026.

Insider trading disclosure

• Pursuant to Regulation 7(2) read with Regulation 6(2) of PIT, intimation from Eklingji Broking LLP received; disclosure enclosed.

Financial performance

• Total income ₹21,636.70 lakhs; up from ₹7,378.30.
• Profit after tax ₹789.17 lakhs; up from ₹180.66.
• EPS ₹5.15 per share (basic and diluted).
• Tax expense ₹282.14 lakhs; current ₹275.07; deferred ₹1.31.
• Net cash from operating activities ₹-7.04 lakhs.

Operational KPIs & assets

• Trade receivables ₹9,899.77 lakhs.
• Inventories ₹1,700.14 lakhs.
• Current assets ₹12,512.43 lakhs; current liabilities ₹6,454.12 lakhs.
• Net debt ₹-67.98 lakhs; debt-to-equity −0.01.

Capital structure & dividends

• Equity share capital ₹1,531.22 lakhs; reserves ₹4,546.63 lakhs.
• Total equity ₹6,077.85 lakhs; no dividend for FY2025-26.
• Borrowings nil; framework to borrow up to ₹100 crore.
• Authorized capital ₹17 crore; issued equity ₹15.31 crore.

Governance changes

• MD Mehal Bipinchandra Raval appointed for five years from 23 Jul 2026.
• Maulik Shah resigned as MD on 23 Jul 2026.
• Bhavnaben Trivedi appointed Director on 21 May 2025.
• CFO Bhagyashri Agrawal appointed 7 Jul 2025.
• AGM via VC/OAVM on 10 Sept 2026.
• Board meetings held: 8 in FY25-26.

Borrowing framework

• Resolution to permit loans/guarantees/investments up to ₹100 crore.
• Assets may be mortgaged/charged to secure borrowings up to ₹100 crore.

Related party transactions

• Loans to Maulik Shah ₹21.00 lakh; rent paid to Sweta Shah ₹5.59 lakh.
• Related party balances: ₹21.00 lakh loan; ₹0.50 lakh rent payable.
• No other material related-party transactions disclosed.

Audit & internal controls

• Statutory auditors: Kapish Jain & Associates.
• Secretarial auditor: Vaibhav Sharma & Associates.
• Internal audit: Appa & Associates; MR-3 unqualified.

Management discussion & outlook

• Franchise-led expansion across India; select international markets.
• Omnichannel retail integration with digital platforms.
• Risks: gold price volatility, FX, inflation, regulations.

CSR & regulatory

• CSR applicability will be complied with; policy to be formed.
• Registered office moved from Delhi to Gujarat; approvals obtained.
• Secretarial/compliance maintained; no major regulatory orders.

Book Closure Details

• Book closure for 17th AGM from 4 September 2026 to 10 September 2026 (inclusive).
• Purpose: conduct the 17th AGM of Aayush Art and Bullion Limited.
• Record date for remote voting eligibility: 3 September 2026.
• E-voting window: 7 September 2026, 09:00 to 9 September 2026, 17:00.
• AGM date and time: 10 September 2026 at 03:30 PM via Video Conferencing/OAVM.
• Security type: equity shares; closure covers Register of Members and transfer books.