RBZ Jewellers Ltd

RBZ Jewellers Limited - Trading Window closed from 01 October 2026 until 48 hours after the unaudited financial results for the quarter ended 30 September 2026

Meeting Details

• Date and time: 30 September 2026, 17:00–18:00 (virtual)
• Type and mode: group, virtual investor meeting
• Event/organiser: Bharat Connect Conference – Rising Stars
• Company representatives will interact with investors (roles not specified)
• Purpose: general investor interaction

Flagship launch and expansion

• New 10,000 sq ft Harit Zaveri Jewellers flagship showroom opened at Parle Point, Surat, on 24 September 2026.
• Inauguration attended by actor Vicky Kaushal and RBZ management.
• Flagship situated at Gokul Tower, Parle Point, showcasing heritage craftsmanship with contemporary design.
• Part of expansion plans to build a respected national jewellery company with growth across key markets.
• Brand philosophy emphasizes transparency, fairness, and trust in customer interactions.
• Product lines include Gul, Saanjh and Polki collections.
• Ahmedabad and Surat store addresses provided.

New store opening

• New Harit Zaveri Jewellers showroom opened at Gokul Tower, Surat, on 24 Sep 2026, 6:45 PM
• Showroom operates under RBZ Jewellers Limited brand Harit Zaveri Jewellers
• Regulatory note: Intimation under Regulation 30 SEBI LODR accompanying the store opening
• No investment amount disclosed for the Surat showroom
• Info also posted on the company's website

Showroom launch

• A new Harit Zaveri Jewellers showroom will be inaugurated in Surat on 24 September 2026.

Media interaction

• RBZ Jewellers will hold a press interaction today ahead of the Surat showroom launch.

Business profile

• The company designs and manufactures antique bridal gold jewellery under the Harit Zaveri Jewellers brand.

Expansion milestone

• Inauguration marks a milestone in RBZ Jewellers' retail expansion journey.

AGM details

• Date: 10 September 2026; Start 11:00 AM, end 11:57 AM.
• Mode: VC/OAVM.
• Meeting date and postal ballot deadline: 10-09-2026.
• Record date: 04-09-2026.

Resolutions and outcomes

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026 — passed.
• Ordinary: Re-appoint Rajendrakumar Kantilal Zaveri by rotation — passed.
• Special: Create charge on company assets to secure borrowings — passed.
• Special: Increase board borrowing limits under section 180(1)(c) — passed.
• Special: Revise remuneration payable to Executive Directors — passed.
• Special: Re-appoint Rajiv Nitin Mehta as Independent Director for second term — passed.

Change type and scope

• Re-appointment of Rajiv Nitin Mehta as Independent Director for a second five-year term.

Effective term

• Term from 30 June 2027 to 29 June 2032.

Shareholder approval

• Shareholders approved at the 18th AGM held on 10 Sept 2026.

Profile summary

• Profile: 20+ years in consumer brands, retail, VC; INSEAD MBA.

Past leadership roles

• Former MD of Puma South Asia; CEO of Arvind Sports and Arvind Fashion.

IPO leadership

• Led Stove Kraft Ltd to IPO in 2021.

Current external roles

• Active angel investor; Director at Unicorn Contractors and Kan DFY Sports; Partner at Vortis.

Compliance and independence

• Not debarred or disqualified from Directorship per SEBI circulars.

Relationship disclosures

• No relationships with other directors disclosed.

Board impact

• No stated impact on board/committee composition.

AGM details

• AGM held on 10 September 2026 at 11:00 AM via VC/OAVM.
• Remote e-voting from 7 Sept 2026 9:00 AM to 9 Sept 2026 5:00 PM.

Resolutions considered

• Ordinary: Adopt standalone financial statements for 2025-26 and related reports.
• Ordinary: Rotation-based re-appointment of director.
• Special: Create charge/mortgage on company properties to secure borrowing.
• Special: Increase board borrowing limits.
• Special: Revision in remuneration payable to executive directors.
• Special: Re-appointment of independent director for a second term.

Voting results

• Voting results to be submitted separately with Scrutinizer's report.

Director changes

• Rotation-based re-appointment of director.
• Independent director re-appointment for second term.

Financial performance

• FY26 revenue from operations ₹6,365 Mn.
• EBITDA ₹919 Mn, margin 14.44%.
• PAT ₹548 Mn; PAT margin 8.61%.
• EPS diluted ₹13.70 per share.
• YoY revenue growth 20.06% to ₹6,365 Mn.
• Retail ₹4,084 Mn; Wholesale ₹2,213 Mn; Job work ₹68 Mn.
• Total employees 315.

Operational highlights

• Introduced 700+ new designs.
• Antique bridal jewellery remains core offering.
• Ahmedabad facility ~23,966 sq ft; capacity >2 tons.
• ERP SAP S/4HANA implemented for controls.
• 4 new Gujarat showrooms planned; two by Q2 FY27.
• Participated in 20 exhibitions nationally and state-level.

Capital structure & liquidity

• Total borrowings ₹14,096.23 Lakhs; long-term ₹2,253.56; short-term ₹11,842.67.
• Net debt ₹13,787.36 Lakhs; gearing 31.50%.
• Cash and cash equivalents ₹107.38 Lakhs.
• Bank sanctions: IDFC First ₹35 Cr; ICICI ₹50 Cr; Kotak ₹24 Cr.
• Credit ratings: CRISIL BBB+/Stable; CARE BBB+; CRISIL A2.

Governance & leadership

• Independent Director Rajiv Nitin Mehta re-appointed for second term (2027–2032).
• Board met 6 times in FY2025-26; attendance solid.
• Secretarial Auditor noted delays in MCA form filings.
• Promoter holdings: Rajendrakumar 38.23%, Harit 36.75%.

Dividend & AGM

• Dividend not recommended for 2025-26.
• 18th AGM on 10 Sep 2026; cut-off 4 Sep 2026.
• Remote e-voting 7–9 Sep 2026; VC/OAVM facility.

CSR and sustainability

• CSR spent ₹74.85 L; obligation ₹74.81 L; ₹0.04 L shortfall.
• Focus areas: Education, healthcare, environment; heritage restoration.

Audit, risk & controls

• Inventory exists as key audit matter; inventories ₹33,567.46 L.
• Internal controls robust; no material fraud disclosed.
• Market risk moderate to high; currency and interest risk managed.