Arman Holdings Ltd

Financial highlights

• Standalone unaudited results for quarter ended 30/06/2026 approved.
• Revenue from Operations: ₹1,422.04 Lakhs; Total Revenue: ₹1,422.04 Lakhs.
• Profit before tax: ₹93.70 Lakhs; Profit after tax: ₹70.13 Lakhs.
• Earnings per share: Basic ₹1.80, Diluted ₹1.80.

Segment performance

• Chemicals segment revenue: ₹985.40 Lakhs.
• Precious Metal & Stones revenue: ₹436.64 Lakhs.
• Textiles segment revenue: ₹0.00 Lakhs.
• Segment PBT: Chemicals ₹76.10 Lakhs; Precious Metal & Stones ₹27.11 Lakhs.

Balance sheet snapshot

• Total segment assets: ₹2,149.50 Lakhs.
• Total segment liabilities: ₹1,289.67 Lakhs.

Financial highlights

• Total revenue 356.80 Lakhs for FY2025-26, down from 366.88.
• Profit after tax 95.04 Lakhs, reversing prior-year loss.
• EBITDA margin 35.46%, PBT margin 35.44%, PAT margin 26.63%.
• RONW 12.94%, debt-free balance sheet.
• EPS (Basic/Diluted) ₹1.82.
• Cash flow from operations 114.72 Lakhs.
• Dividend: no dividend proposed for FY2025-26.

Operational performance & segment

• Segment revenue: Textiles 5.83, Precious Metal & Stones 350.97.
• Total segment revenue 356.80; segment PBT 126.48.
• PM&S segment PBT 144.00; Textiles PBT 1.78.
• Segment assets: Textiles 16.68, PM&S 238.23, unallocated 516.97.
• Total segment liabilities 5.94; unallocated capital 1.69.
• Debtor turnover 0.41; stock-in-trade 139.61.
• Trade receivables 115.30; cash and cash equivalents 120.36.

Dividend & capital actions

• AGM on 26 Aug 2026 via VC/OAVM.
• E-voting window from 21 to 24 Aug 2026.
• Postal ballot approved amendments to object clause and AoA on 26 Mar 2026.
• Independent Director Ravi Modi appointed for five years, subject to member approval.
• Priyadarshani Babel reappointed as Non-Executive Director.
• Equity share capital unchanged at ₹521.05 Lakhs.
• Dividend for 2025-26 not declared.

Governance & board changes

• Board met 5 times during FY2025-26.
• Audit Committee met 5 times; Krishna Bhatt became chair from Jan 16, 2026.
• Independent Directors meeting held February 13, 2026.
• No material related party transactions; RPT policy on armanholdings.in.
• Auditors' report unqualified; no fraud reported.
• Secretarial audits by Binu Singh; compliance certificates filed.
• Vigil mechanism in place; no whistleblower complaints.

Audit & risk

• Statutory auditors HRJ & Associates; internal auditor Anurag R. Gupta & Associates.
• Internal controls are adequate; no material weaknesses.
• Ind AS compliance; going concern not flagged.
• Management Discussion and Analysis included.
• Secretarial compliance certificate obtained.
• No penalties or major regulatory sanctions in last three years.
• Remuneration policies approved; no irregularities.

Balance sheet & liquidity

• Total assets 771.88 Lakhs; equity 521.05; reserves 213.44.
• Cash and cash equivalents 120.36 Lakhs.
• Debt-free; no deposits outstanding.
• Net cash from operations 114.72 Lakhs.
• Trade receivables 115.30; inventories 139.61.
• Provisions 31.42; current tax payable 0.03.

Shareholding & capital structure

• Promoters hold 24.93%; Manasvini Trading 19.19%.
• Public holders 75.07%; dematerialisation 97.56%.
• Total issued equity shares: 52,10,500; face ₹10 each.
• Top holders include Manasvini Trading 19.19% and others.
• Unclaimed dividend account: NIL.
• No bonus or new issuances during year.

Outlook & strategy

• Outlook positive; profitability expected to improve with expansion into Gems & Jewellery segments.
• Management focuses on expanding trading of gems, jewellery, and related segments.

Regulatory & compliance

• AGM via VC/OAVM; NSDL e-voting; PAN required for participants.
• ODR portal for dispute resolution; whistleblower and vigilance policies in place.
• BSE fine of ₹15,000 for late results submission.
• Notes and disclosures on corporate governance available in annual report.

AGM & Notice

• 44th AGM on 26 Aug 2026 via VC/OAVM.
• FY26 ends 31 Mar 2026; Annual Report filed under Reg 34.
• E-voting 21–24 Aug 2026; NSDL system.
• Record date 19 Aug 2026; Register closed 20–26 Aug.
• Dividend for FY25-26: Nil.
• Postal ballot approved changes to object clause and AoA on 26 Mar 2026.
• New objects: Media, Chemical, IT; AoA adopted.
• AGM agenda includes re-appointment of Priyadarshani Babel and appointment of Ravi Modi.

Financial Highlights

• Total revenue: 356.80 Lakh, down from 366.88 Lakh.
• PAT: 95.04 Lakh; prior year loss 1.53 L.
• EBITDA margin 35.46%; PBT margin 35.44%; PAT margin 26.63%.
• EPS (Basic): 1.82; no dilution data.
• No debt; debt/equity not applicable.
• Equity capital: 52,10,500 shares; paid-up 521.05 L.
• Total assets: 771.88 L; equity: 521.05 L; reserves: 213.44 L.

Business & Segments

• Segments: Textiles, Plastic, Precious Metal & Stones.
• Textiles revenue 5.83 L; Precious Metal & Stones 350.97 L.
• Total segment revenue: 356.80 L.
• Segment PBT: Textiles 1.78 L; Precious Metal 144.00 L.
• Total segment PBT before unallocables: 145.78 L.
• Unallocable expenses: 19.30 L; Interest: 0.
• Net PBT: 126.48 L.
• No manufacturing facilities; trading focus.
• Dematerialised shares: 97.56% in demat.
• Subsidiaries: None.
• Segment assets: Textiles 16.68; Precious Metal 238.23; Unallocated 516.97; Total 771.88.
• Segment liabilities: 5.94.

Capital & Shareholding

• Equity capital: 52,10,500 shares; Rs 10 par; paid-up 521.05 L.
• Promoter group holds 24.93%; Manasvini 19.19%.
• Major holders include Kane Rush 8.44%, Opportune Exim 8.64%, Salasar 8.83%.
• Dematerialised shares: 97.56%.
• GDR/ADR or other convertibles: None.
• Dividend: Nil; Unclaimed dividends: NIL.
• No debt; no borrowings.
• Total shareholders: 983; total shares: 52,10,500.
• No employee stock options issued.

Governance & Board

• Board size: four directors; MD; two Independent Directors; one Non-Executive Non-Independent.
• Neel Singapuri served 5 Nov 2025 to 15 Jan 2026.
• Board meetings: five in FY25-26.
• Independent Directors meeting held on 13 Feb 2026.
• Audit Committee met five times; Stakeholders Grievances Committee met four times; Nomination & Remuneration Committee met four times.
• MD remuneration: Rs 2.40 lakh; sitting fees payable to others as per policy.
• Vigil Mechanism/Whistle Blower: policy on website; no complaints.

Audit & Compliance

• Statutory Auditor: HRJ & Associates; unqualified; no fraud reported.
• Secretarial Auditor: Binu Singh; compliance certificate issued.
• Internal financial controls: adequate and operating effectively.
• CEO/CFO certificate: compliance with Code of Conduct.
• Independent Directors have submitted independence declarations.
• Secretarial compliance report attached.

Outlook & Risk Factors

• India real GDP to grow ~7.6% in FY26; Gems & Jewellery sector poised for growth.
• Outlook: profitability expected to improve with market conditions.
• Risks: policy changes, currency fluctuations, regulatory shifts.
• Growth drivers: US/UK/Middle East demand and export potential.
• GST/tariff reforms support jewelry demand; organized sector growth expected.
• Gems & Jewellery market valued at Rs 7.31 lakh crore Jan 2026; projected Rs 11.18 lakh crore by 2030.
• Company aims to expand in organized jewelry channels.

AGM notice and e-voting details

• 44th AGM on 26 August 2026 at 10:00 IST via VC/OAVM.
• Notice and Annual Report FY2025-26 available electronically; unregistered emails receive web-links.
• AR and AGM notices accessible at armanholdings.in/Investors.html and on BSE/NSDL sites.
• E-voting cut-off 19 Aug 2026; starts 21 Aug 2026 9:00 AM; ends 25 Aug 2026 5:00 PM.
• Update email/KYC via DP or RTA; physical copies on request via investors@armanholdings.in.
• RTA: Adroit Corporate Service Private Limited.

Meeting Details

• Board meeting scheduled at the registered office on July 24, 2026 at 2:00 PM.

Key Agenda Items

• Approve the Minutes of Previous Board Meeting.
• Note investor grievance status, shareholding pattern, and compliance for quarter ended June 30, 2026.
• Approve and adopt the notice of the 44th AGM for FY 2025-26 with explanatory statements.
• Fix the Book Closure Date for Register of Members and Share Transfer Register.
• Approve and appoint Scrutinizer for e-voting at the 44th AGM.

Disposal details

• Target Company: Arman Holdings Limited.
• Disclosing Party: Varigate Advisory Services (P) Ltd and Sanjay Otawat; non-promoter.
• Transaction Type: Disposal of equity shares.
• Pre-Transaction Holding: Varigate 104,782 shares (2.01%); Sanjay Otawat 247,500 shares (4.75%).
• Total pre-holdings: 352,282 shares (6.76%).
• Post-Transaction Holding: Varigate 101,782; Sanjay Otawat 237,500.
• Total post-holdings: 339,282 shares.
• Date of transaction: 9 July 2026.
• Mode of transaction: Open Market.
• Equity share capital before/after: Rs 5,21,05,000 comprising 52,10,500 shares.
• Total diluted share capital: Rs 5,21,05,000.
• Encumbrances: None.