Shukra Bullions Ltd

AGM details

• AGM held on 30 September 2026 at 02:00 PM IST via VC/OAVM.

Resolutions to vote

• Receive and adopt Audited Financial Statements for year ended 31 March 2026.
• Re-appoint Mohammed Husain Puthawala by rotation.
• Appoint Vaishaliben Bhaveshkumar Vadher as Independent Director.
• Appoint Pragnesh Gghanshyambhai Sathwara as Independent Director.
• Approve material related party transactions to be entered into.

Voting results status

• Voting results to be declared separately and forwarded in prescribed format.

Director changes

• Retirement by rotation of Mohammed Husain Puthawala; re-appointment sought.
• Vaishaliben Bhaveshkumar Vadher appointed as Independent Director.
• Pragnesh Gghanshyambhai Sathwara appointed as Independent Director.

Related party transactions

• Material related party transactions proposed to be entered into.

Shukra Bullions Ltd — Trading Window will remain closed from Thursday, 1st October, 2026 till the completion of 48 hours after the declaration of the Unaudited Standalone Financial Results of the company for the half year ended 30th September, 2026.

Key dates

• Book closure: 23 September 2026 to 30 September 2026, both days inclusive.
• Purpose: for the 32nd Annual General Meeting.
• AGM: Annual General Meeting on 30 September 2026 at 2:00 PM.
• E-voting period: 27 September 2026, 9:00 AM to 29 September 2026, 5:00 PM.

Appointment of Scrutinizer for E-voting

• Appointed Mr. Pragnesh M. Joshi (FCS 7238) as Scrutinizer for AGM e-voting.
• AGM scheduled for 30 September 2026 at 2:00 PM via VC/OAVM.
• Appointment made under Regulation 44 SEBI LODR and Rule 20 of Companies Rules 2014.

Financial highlights

• Total income rose to ₹16,240,582 for FY2025-26.
• Net profit after tax: ₹521,143 for FY2025-26.
• Profit before tax: ₹708,143 in FY2025-26.
• EPS basic/diluted: ₹0.10 per share.
• Dividend for FY2025-26 was not declared.

Operations & segments

• Single segment: Gems & Jewellery; Real Estate revenue not present since 2022-23.
• Management aims to expand export orders and participate in shows domestically and abroad.
• Real estate arm exploring land development opportunities in Ahmedabad.

Dividend & capital allocation

• No dividend declared for the year.
• No amount transferred to reserves during the year.

Debt & liquidity

• No bank borrowings; liquidity supported by operating cash flows and payables.
• Trade payables remained high at year-end, signaling potential liquidity considerations.

Governance & board

• Board comprised 5 directors; 2 independent.
• Independent directors Sathwara and Vadher appointed for five-year terms.
• Board meetings held: 8; independent meeting on 27-03-2026.

Audits & controls

• Statutory auditor: A. L. Thakkar & Co; Ind AS compliant; revenue recognition flagged as key audit matter.
• Secretarial audit by Kishor Dudhatra; minor deviations noted (advertising, website updates).
• Internal financial controls deemed adequate and operating effectively.

Related party transactions

• Related party transactions with Shukra Jewellery Ltd and Shree Adinath Developers; arm's length.
• Audit Committee approvals; omnibus approvals for repetitive transactions.
• RPTs disclosed in notes; voting restricted for related parties per SEBI LODR.

Management discussion & outlook

• Industry outlook: India aims US$100bn jewellery exports by 2027.
• Risks include Middle East crisis, tariffs, and currency fluctuations.
• Company plans export expansion and real estate ventures; negotiations for Ahmedabad land.

Other disclosures

• Listed on BSE; scrip code 531506; ISIN INE561E01015.
• Registrar: Bigshare Services; demat options via NSDL/CDSL.
• PoSH compliance; maternity benefits policy; whistle-blower mechanism; internal control robust.

Key Decisions

• Approved Directors' Report and Annual Report for the financial year 2025-26.
• Approved 32nd AGM to be held on 30 September 2026 at 2:00 PM IST via VC/OAVM.
• Approved related party transactions.

Appointments/Resignations

• Appointed Mr. Pragnesh M Joshi as Scrutinizer for AGM e-voting.

Financials (Q1 FY27, unaudited)

• Revenue from operations: ₹24.66 lakh in Q1 FY27 (unaudited).
• Total expenses: ₹26.99 lakh; net loss: ₹2.33 lakh for the quarter.
• Earnings per share: ₹-0.05 (basic/diluted) for the quarter.
• Paid-up equity share capital: ₹50.15 lakh.

Meeting Details

• Date: 13 August 2026; Location: Panchdhara Complex, 3rd Floor, Near Grand Bhagawati Hotel, SG Highway, Bodakdev, Ahmedabad, Gujarat.

Key Agenda Items

• Consider and approve standalone unaudited financial results for quarter ended 30 June 2026 with statutory auditor report.
• Any other business with permission of the Chair.

Other Notes

• Trading window closed from 1 July 2026 until 48 hours after declaration of June 30, 2026 results.

RTA confirmation under Reg 74(5)

• Confirmation certificate from the RTA enclosed under Reg 74(5).