Golkunda Diamonds & Jewellery Ltd

AGM proceedings and governance actions

• AGM held Aug 20, 2026 via VC/OAVM; 57 members attended.
• Remote e-voting Aug 17-19; record date Aug 13; delay in filing acknowledged; clarification issued Aug 24, 2026.
• Dividend on equity shares for year ended Mar 31, 2026 declared.
• Ordinary business: adopt Audited Balance Sheet and P&L with reports.
• Appointment of Arvind Dadha as director; retires by rotation.
• Re-appointment of Shashi Ashok Bekal as Independent Director.
• Re-appointment of Kantikumar Dadha as Chairman and Whole-time Director; remuneration fixed.
• Re-appointment of Arvind Dadha as Managing Director; remuneration fixed.
• Re-appointment of Ashish Dadha as Whole Time Director and CFO; remuneration fixed.
• All resolutions passed with requisite majority; AGM duration 3:00 PM to 4:10 PM.

Bekal Independent Director reappointment

• Reappointed Shashi Ashok Bekal as Independent Director for five years from June 21, 2026.
• Relation: Bekal not related to promoters or directors.

Kantikumar Dadha reappointment as Chairman & WTD

• Reappointment of Kantikumar Dadha as Chairman and Whole-Time Director from Oct 01, 2026 for three years.
• Relations: Arvind is Kantikumar Dadha's son; Ashish is Kantikumar Dadha's son.

Arvind Dadha reappointment as Managing Director

• Reappointment of Arvind Dadha as Managing Director from Oct 01, 2026 for three years.
• Relation: Arvind is Kantikumar Dadha's son.

Ashish Dadha reappointment as WTD & CFO

• Reappointment of Ashish Dadha as Whole-Time Director cum CFO from Apr 01, 2027 for three years.
• Relations: Father of Kantikumar Dadha; Brother of Arvind Dadha.

AGM details

• 36th AGM held Aug 20, 2026 at 3:00 PM IST via VC/OAVM.
• 57 members attended.
• Remote e-voting: Aug 17–19, 2026; record date Aug 13, 2026.
• Meeting duration: 3:00 PM to 4:10 PM IST.

Ordinary business

• Adoption of Audited Balance Sheet, P&L, and reports — Passed.
• Dividend declaration on equity shares for the year ended Mar 31, 2026 — Passed.

Director matters

• Arvind Dadha re-appointed by rotation.
• Shashi Ashok Bekal re-appointed as Independent Director (Special Resolution).
• Kantikumar Dadha re-appointed as Chairman and Whole-time Director; remuneration fixed (Special Resolution).
• Arvind Dadha re-appointed as Managing Director; remuneration fixed (Special Resolution).
• Ashish Dadha re-appointed as Whole Time Director cum CFO; remuneration fixed (Special Resolution).

Voting results

• All resolutions passed with requisite majority.

Financial Performance

• Q1 FY27 revenue from operations: INR85.21 crores; YoY growth ~23%.
• EBITDA: INR8.64 crores; EBITDA margin 10.14% (up from 7.35%).
• Net profit: INR5.14 crores; net margin 6.03% (vs 4.2%).
• Two-year trend: revenue 230 crores to 281 crores; EBITDA 16.9 to 22.84 crores.
• Export revenue on the rise; current export level around INR280 crores.
• Top 10 customers contribute about 60%–65% of revenue.
• Lab-grown jewelry revenue share currently less than 5%–7%.
• New Mumbai facility capacity around 125–150 kg/year.
• Facility uplift increases total capacity by about 50%–60%.
• Capital raised via convertible warrants INR27 crores to support expansion.

Domestic Expansion and Capex

• Andheri facility: 5,360 sq ft; 125–150 kg/year capacity.
• Capacity uplift: 50%–60% added.
• Facility to diversify revenue into domestic market and B2C, including lab-grown.
• New funding via convertible warrants: INR27 crores for expansion and working capital.

Strategy and Guidance

• Current year growth target around 15% to 20%, export-led.
• By 2030 domestic revenue ~50% of total.
• Lab-grown to be a significant domestic contributor; B2C launch planned around Diwali.
• US lab-grown performance expected to improve after tariff headwinds; better growth this year.
• Incremental capacity revenue potential INR250–300 crores.
• Total revenue target around INR550–600 crores by 2030 (based on current export ~INR280 crores).

Q&A Highlights

• Domestic expansion strategy: supply to major Indian retailers; pursue B2C lab-grown.
• Lab-grown competition: no clear Indian peer yet; many players entering market.
• Hedging: gold natural hedge; diamonds forward contracts for receivables 4–6 months.
• Incremental capacity revenue potential INR250–300 crores.
• Top 10 customers contribute ~60–65% of revenue.
• Lab-grown share currently less than 5%–7%; US accounts for larger share.
• Export base heavy in Middle East; USA share below 10% after tariff issues; improving.
• New Mumbai facility ramp: current year revenue INR15–20 crores; peak INR250 crores in 3 years.
• B2C launch targeted around Diwali; calendar year 2026.
• Long-term vision: 50% domestic by 2030; growth from domestic and exports.

Balance Sheet and Cash Flows

• Capital raised INR27 crores via convertible warrants; used for expansion and working capital.
• Facility expansion financed to support domestic growth.

Risks and Watchpoints

• Tariffs in the US impacted earlier; improved this year.
• Hormuz disruption affected shipping for about a month; now normal.
• Inventory levels: export ~10–11x; domestic similar; managing working-capital cycle.

Meeting Details

• Date and time: 13-Aug-2026 at 4:00 PM IST.
• Type and mode: investor/analyst call; virtual.
• Event/organiser: investor call for Golkunda Diamonds & Jewellery Limited.
• Purpose: discuss quarterly results for June 30, 2026, plus growth plans.
• Key participants: CFO, Head of Investor Relations, Company Secretary.
• Recording: audio call recording available.

Business overview

• Q1 FY27 revenue from operations ₹8,521.49 Lakhs; total revenue ₹8,540.87 Lakhs.
• Diversified exports to USA, Europe, Middle East; new Mumbai unit increases capacity.
• New manufacturing unit enables cross-spectrum production: diamonds, gold, gemstone, jadau, LGD.

Key operational highlights

• New Mumbai facility adds ~125-150 kg p.a., lifting total capacity 50–60%.
• Domestic LGD and gold jewelry manufacturing expansion to meet rising Indian retailer demand.
• Export base remains diversified; 40+ years market presence aids risk mitigation.

Financial performance

• Q1 FY27 revenue from operations ₹8,521.49 Lakhs; total revenue ₹8,540.87 Lakhs; YoY +22.7%.
• EBITDA ₹864.12 Lakhs; margin 10.14%; Net profit ₹514.03 Lakhs; margin 6.03%.
• FY26 revenue ₹28,150.15 Lakhs; PAT ₹1,369.42 Lakhs; EBITDA ₹2,284.29 Lakhs; EBITDA margin 8.11%.
• Q1 FY27 diluted EPS ₹7.32.

Capital structure & liquidity

• FY26 equity ₹8,023.83 Lakhs; total borrowings ₹3,655.08 (current ₹2,766.08, non-current ₹889.00).
• Cash and cash equivalents end FY26 ₹319.78 Lakhs.
• Net cash from operating activities FY26 ₹961.32 Lakhs.

Strategic priorities & outlook

• Expansion into lab-grown diamond and gold jewelry manufacturing to meet domestic demand.
• Domestic market expansion and pan-India retail partnerships.
• Leverage export base with Mumbai unit for end-to-end production.

Risks & mitigation

• No explicit material risks disclosed in this investor presentation excerpt.

Governance & leadership

• Chairman & WTD: Kantikumar Dadha; MD: Arvind Dadha; CFO/Director: Ashish Dadha.

Financial and operational highlights

• Total revenue: ₹85.21 crore, up 22.72% YoY.
• EBITDA: ₹8.64 crore, up 69.32% YoY.
• EBITDA margin: 10.12% vs 7.35% prior year, +277 bps.
• PAT: ₹5.14 crore; PAT margin: 6.02% vs 4.52% prior year.
• EPS (diluted): ₹7.32 vs ₹4.50 prior year.
• New domestic manufacturing facility in Mumbai now operational; capacity 125-150 kg per annum.
• Focus on lab-grown diamond segment; planned entry into B2C retail.