Manoj Vaibhav Gems N Jewellers Ltd

MANOJ VAIBHAV GEMS ‘N’ JEWELLERS LIMITED: Trading Window closed from October 01, 2026 and shall remain closed till 48 hours after the declaration of Un-audited Financial Results for the 2nd quarter and half year ending on September 30, 2026.

AGM Details

• Date: 25 September 2026; mode: VC/OAVM; time 12:00–12:35.
• Record date: 18 September 2026; shareholders on record: 30,580.
• Attendance: Promoter group 7 via VC; Public 43 via VC.

Key Resolutions

• Resolution 1 (Ordinary): Adoption of financial statements, Board report, Auditor’s report.
• Resolution 2 (Ordinary): Appointment of Statutory Auditors and remuneration.
• Resolution 3 (Special): Re-appointment of Sai Keerthana Grandhi as Whole Time Director; remuneration approved.
• Resolution 5 (Special): Re-appointment of Sai Sindhuri Grandhi as Executive Director; remuneration.

Voting Results

• All resolutions passed; promoter group voted in favour.
• Overall approval > 99.9% of votes polled.
• Public non-institutional opposition notable on remuneration resolutions (~41% against).

Directors & Auditors

• WTD: Re-appointment approved; remuneration approved (amount not disclosed).
• Executive Director: Re-appointment approved; remuneration approved.
• Statutory Auditors: Re-appointed; remuneration fixed (amount not disclosed).

Dividend & Related Approvals

• Dividend: Not disclosed/none announced.
• Material RPTs: Not disclosed.

AGM Details

• Date/time: 25 September 2026, 12:00 noon; mode: VC/OAVM.
• Voting eligibility cut-off: 18 September 2026.

Key Resolutions

• Adopt audited financial statements for the year.
• Director re-appointment by rotation.
• Re-appointment of statutory auditors and fix remuneration.
• Re-appointment of Chairperson & MD and remuneration approval.
• Re-appointment of Whole-time Director and remuneration.
• Re-appointment of Executive Director and remuneration.

Voting Results

• Resolution 1: Pending; results to be announced within two working days.
• Resolution 2: Pending; results to be announced within two working days.
• Resolution 3: Pending; results to be announced within two working days.
• Resolution 4: Pending; results to be announced within two working days.
• Resolution 5: Pending; results to be announced within two working days.
• Resolution 6: Pending; results to be announced within two working days.

Dividend

• Dividend not proposed.

Director Changes

• Rotation-based director re-appointment proposed.
• MD & Chairperson remuneration approvals proposed.
• Whole-time Director remuneration approvals proposed.
• Executive Director remuneration approvals proposed.

Auditor Appointments

• Statutory auditors re-appointed; remuneration to be fixed.

Material Related Party Transactions

• No material RPTs approved.

Other Material Approvals

• Remuneration approvals for MD and directors included in resolutions.

Clarification on price movement

• Company discloses all material information to exchanges within regulatory timeframes.
• Price movement is market-driven and may reflect various factors beyond the company's control.
• Management has no involvement in price movements; governance practices will continue.
• Letter dated September 8, 2026 to BSE signed by Bandari Shiva Krishna.

AGM Details

• 37th AGM scheduled for Sep 25, 2026 at 12:00 noon via VC/OAVM.

Annual Report & Notice

• Annual Report FY 2025-26 available online; includes AGM notice.

Physical Copy Requests

• Physical copies available on request to Company Secretary at cs@vaibhavjewellers.com.

Email Updates

• Physical shareholders to register/update email via ISR-1 forms with RTA.

RTA Contact

• RTA: Bigshare Services Private Limited; investor@bigshareonline.com.

FY25-26 snapshot

• Revenue from operations: Rs 2,744.03 Cr, up 15.1% YoY.
• EBITDA: Rs 185.25 Cr, up 12.6% YoY.
• PAT: Rs 114.98 Cr, up 14.5% YoY.
• EPS: Rs 23.54.

Operational footprint

• 21 showrooms across Andhra Pradesh and Telangana.
• Customer footfall reported at ~6.97 lakh.
• Net worth: Rs 833.36 Cr; equity: Rs 48.85 Cr.

Product mix and mix breakouts

• Gold ornaments: Rs 1,895.95 Cr.
• Gold exchange: Rs 602.47 Cr.
• Silver: Rs 143.29 Cr.
• Diamonds: Rs 60.67 Cr.
• Platinum 1.33 Cr; Stones 39.25 Cr; Others 0.73 Cr.

Capital structure & liquidity

• Total debt Rs 458.98 Cr; current Rs 451.67 Cr; non-current Rs 7.31 Cr.
• Gearing 0.55x; current ratio 1.79x.
• Cash & cash equivalents Rs 108.59 Cr.
• Cash flow from operations Rs 26.26 Cr.

Dividends & capital milestones

• Dividend not recommended for FY2025-26.
• IPO completed in 2023; share premium Rs 200.23 Cr; IPO expenses Rs 17.57 Cr.

Governance & audits

• Board strength: 8 directors, 4 independent including 2 women.
• Statutory auditors: Sagar & Associates recommended for 5-year term.
• Secretarial auditors: P.S. Rao & Associates; internal controls: adequate; no material weaknesses.
• CSR Committee active; governance disclosures on website.

CSR & ESG

• CSR spend: Rs 2.23 Cr; Rural Development 1.98 Cr; Sports 0.20 Cr; Education 0.05 Cr.
• CSR unspent: Nil; policy available on website.

Outlook & risks

• Opportunities from organised retail, Tier II/III expansion, and omni-channel growth.
• Risks: gold price volatility, regulatory shifts, macro uncertainties.
• Strategic focus: expand retail footprint, invest in design, and digital capabilities.