Khazanchi Jewellers Ltd

Meeting Details

• Date and time: Tuesday, 25 August 2026, 04:00 PM IST
• Type and mode: group earnings call, virtual conference
• Event/organiser: Q1 FY27 Earnings Call hosted by Kirin Advisors
• Purpose: discuss Q1 FY27 earnings with investors

Participants

• Chairman & Joint Managing Director appears as management speaker
• Chief Financial Officer appears as management speaker

Key Governance Updates

• Appointed Simran Lodha as Additional Non-Executive Independent Director for 3 years from Aug 18, 2026.
• Appointment is subject to member approval.
• Rithika Bohra resigned as Non-Executive Non-Independent Director effective Aug 18, 2026.
• Reconstituted Audit, Nomination & Remuneration, Stakeholder Relationship, and CSR committees with updated roles.

Q1 FY27 highlights

• Total income for Q1 FY27 rose 45.2% YoY to ₹586.36 Cr.
• EBITDA rose 89.02% YoY to ₹39.98 Cr and EBITDA margin to 6.82%.
• PAT grew 83.66% YoY to ₹27.83 Cr, PAT margin 4.75%.
• EPS stood at ₹11.16, up 82.35% YoY.
• Flagship showroom launch supported stronger retail momentum.

Unaudited quarterly results approved

• Approved unaudited financial results for quarter ended June 30, 2026, along with the statutory auditor's limited review report.

AGM details

• 31st AGM held on 10 August 2026 via VC/OAVM.

Key resolutions

• Adoption of Audited Financial Statements for year ended 31 March 2026; Carried by requisite majority.
• Dividend of Rs 0.50 per equity share approved; Carried by requisite majority.
• Reappointment of Rajesh Mehta as director on rotation; Carried by requisite majority.
• Reappointment of Tarachand Mehta as director on rotation; Carried by requisite majority.
• Migration of listing from SME to Main Board on BSE and NSE; Carried by requisite majority.

Director changes

• Rajesh Mehta reappointed as director on rotation.
• Tarachand Mehta reappointed as director on rotation.

AGM Details

• AGM held on August 10, 2026 via VC/OAVM; commenced 12:10 PM, concluded 12:25 PM.
• e-Voting from August 6 to August 9, 2026; additional AGM voting for 15 minutes.

Key Resolutions

• Item 1: Adopt Audited Financial Statements (ordinary).
• Item 2: Declare dividend of Rs 0.50 per equity share (ordinary).
• Item 3: Appoint Rajesh Mehta as Jt. Managing Director retiring by rotation (ordinary).
• Item 4: Appoint Tarachand Mehta as Managing Director retiring by rotation (ordinary).
• Item 5: Migration of listing from SME to Main Board (special).

Voting Results

• Voting results pending; will be declared within two working days and uploaded on the company website.

Meeting Details

• Board meeting scheduled on Thursday, 13 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited Q1 2026 financial results (quarter ended 30 June 2026).

Other Notes

• Trading window closed July 01, 2026 to August 15, 2026 for designated persons and immediate relatives.

Financials FY26

• Total income ₹2,051 Cr in FY26; revenue from operations ₹2,049.22 Cr.
• EBITDA ₹126.93 Cr; EBITDA margin 6.19%.
• PBT ₹120.76 Cr; PBT margin 5.89%.
• PAT ₹89.42 Cr; PAT margin 4.36%.
• EPS ₹36.10; net worth around ₹320 Cr.
• ROE 32.42%; ROCE 29.38%.

Revenue mix & geography

• Wholesale revenue share 90%; Retail 10% in FY26.
• Tamil Nadu contributes 75% of revenue; other states 25%.
• Flagship 10,000 sq ft showroom opened in Chennai.
• Vajraa Diamonds launched for premium diamond jewellery.

Growth & milestones

• Vajraa Diamonds brand introduced; premium higher-margin jewellery.
• Migration to Main Board planned; regulatory approvals required.
• Nationwide digital B2B/B2C platforms planned for broader reach.

Capital & liquidity

• Authorised capital ₹35 Cr; paid-up capital ₹24.75 Cr.
• Debt-to-equity 0.35; current borrowings ₹110.40 Cr; long-term borrowings nil.
• Bank overdraft ₹99.90 Cr; intercompany ₹8.10 Cr; other related party ₹2.40 Cr.
• Cash & cash equivalents ₹3.51 Cr; inventories ₹407.78 Cr.
• Total assets ₹465.52 Cr; equity ₹319.58 Cr; net worth ₹319.57 Cr.

Governance & audit

• Statutory auditors PSDY & Associates; Secretarial auditor AK Jain & Associates.
• Internal auditor CS Hariharan & Co LLP for FY2026-27.
• Remuneration revisions for MD, Jt MD, Exec Director, CFO, and CEO approved by postal ballot.
• Board held six meetings; independent directors met on 14 Feb 2026.
• Migration to Main Board approved by Board; subject to regulator approvals.

CSR & sustainability

• CSR spend ₹83.13 L; 2% average net profit₹71.88 L; surplus ₹11.24 L.
• No admin overhead; capital assets created through CSR.
• CSR policy available on company website; Annexure-A provides CSR details.

Outlook & risks

• Gold price volatility risk; hedging via forward contracts and demand planning.
• Silver jewellery strategy to diversify and grow the portfolio.
• Organised retail share rising; Tier II/III city growth potential.
• Target ₹500 Cr retail sales; plans for new showrooms and Vajraa expansion.
• Migration to Main Board to broaden investor base.

Record date and AGM details

• Record date for voting rights and dividend declaration set at 3 August 2026.
• 31st AGM scheduled for 10 August 2026 via VC/OAVM.

Key disclosures

• Dividend of Rs 0.50 per share (5%) for FY2026, payable within 30 days post-AGM, subject to shareholder approval.
• 31st AGM on Aug 10, 2026 via VC/OAVM.
• Appoint M/s. A K Jain & Associates as Scrutinizer for AGM voting.
• Migration of shares from SME to Main Board on BSE/NSE, subject to shareholder approval.
• Revision of Dividend Distribution Policy; revised policy available on company website.