Uday Jewellery Industries Ltd

UDAY JEWELLERY INDUSTRIES LIMITED: Trading Window closed from Oct 1, 2026 till 48 hours after the declaration of the Unaudited Financial Results for the quarter and half year ended September 30, 2026.

AGM details

• AGM held 28 September 2026 at 12:30 IST via VC/OAVM.
• Remote e-voting conducted 25–27 September 2026.
• Consolidated Scrutinizer's Report dated 29 September 2026 submitted.

Resolutions and outcomes

• All 11 resolutions in the AGM Notice were passed with requisite majority.

AGM Details

• Date/time/mode: 28 Sep 2026, 12:30 PM, VC/OAVM.
• Duration: 12:30 PM to 1:16 PM.
• Members present: 103 participated via VC/OAVM.
• Record date for entitlement: 21 Sep 2026.
• Register closure: 22–28 Sep 2026.

Key Resolutions

• Resolution 1 (Ord): Adopt Audited Financial Statements and Reports for FY2025-26.
• Resolution 2 (Ord): Appoint Statutory Auditors and fix remuneration.
• Resolution 3 (Ord): Re-appoint Sanghi as Director, liable to retire by rotation.
• Resolution 4 (Ord): Dividend of ₹0.50 per equity share proposed.
• Resolution 5 (Ord): Approve related party transactions with Sanghi Jewellers Private Limited.
• Resolution 6 (Ord): Approve related party transactions under Section 188 with directors/promoters.
• Resolution 7 (Special): Increase borrowing powers to Rs 250 crore.
• Resolution 8 (Special): Create charges/mortgages to secure borrowings up to Rs 250 crore.
• Resolution 9 (Special): Approve investments/loans/guarantees beyond limits up to Rs 250 crore.
• Resolution 10 (Ord): Appoint Tejas Sanghi as Business Development Head; remuneration up to ₹54 Lakh.
• Resolution 11 (Ord): Appoint Sakshi Sanghi as Associate Business Developer; remuneration up to ₹42 Lakh.

Voting Status

• Voting results pending; will be declared by 30 Sep 2026.

Dividend

• Dividend proposed: ₹0.50 per equity share (5% on face value).

Director Changes

• Pritha Sanghi appointed Whole-Time Director from 01.10.2025.
• Bhavna Sanghi appointed Whole-Time Director from 22.04.2026.
• Dileep Kumar Jain appointed Independent Director from 09.08.2025.
• Srilekha Donthineni appointed Independent Director from 22.04.2026.
• Balasubramanyam Danturti resigned from 21.05.2026.
• Sanjay Kumar Sanghi appointed Chairman & MD - Corporate Affairs from 22.04.2026.
• Ritesh Kumar Sanghi redesignated as Joint Managing Director – Operations from 22.04.2026.
• Sakshi Sanghi and Tejas Sanghi appointed as related party office holders; dates in Aug 2026.

Auditors & Secretarial

• Statutory Auditor: Venugopal & Chenoy to be appointed for five years from this AGM.
• Current Statutory Auditor: Anant Rao & Malik to be superseded on appointment.
• Secretarial Auditor: CS Arpita Dhar appointed; Secretarial Compliance Report by CS Ajay Suman Shrivastava.
• Internal Auditor: M/s Krishna & Suresh; replaced by M/s Aheer & Associates for 2026-27.

Material Related Party Transactions

• Related party with Sanghi Jewellers Private Limited cap: Rs 100 crore; goods, assets, rent, interest; 01.10.2026–30.09.2027.
• Aggregate RPTs to be approved; prior Audit Committee approval; arm’s length terms.

Other Material Approvals

• Scheme of Amalgamation: Narbada Gems merged with UJIL; effective 19 Feb 2026; appointed date 01 Apr 2024; 97,81,025 shares allotted.
• Authorised share capital increased to Rs 4.75 crore; 47,50,00,000 clubbed with transferor's capital.
• Warrant conversion: 22,50,000 warrants issued; 18,00,000 converted by 31.03.2026; remaining 4,50,000 converted by 01.05.2026.
• Listing: NSE listing application filed for equity shares (July 2026); awaiting listing approval.

Issuer and filing context

• Issuer: Uday Jewellery Industries Limited (Scrip 539518).
• Filing date: 26-09-2026.

Inter-se transfer within Promoter Group

• Off-market gift transfer within Promoter/Promoter Group of 1,487,896 shares.
• Transferor: Mrs. Sarla Sanghi; Transferee: Mr. Sanjay Kumar Sanghi (CMD – Corporate Affairs).
• Transfer executed/settled on 25 September 2026; no consideration involved.
• Pre-transfer holdings: Transferor 1,487,896 shares (4.37%); Transferee 5,665,422 shares (16.64%).
• Post-transfer holdings: Transferor 0 shares; Transferee 7,153,318 shares (21.01%).
• Aggregate Promoter/Promoter Group shareholding remains unchanged.
• No open offer obligations as transferee remains below 25%.
• Disclosures filed under Reg 29(2) and Schedule B; pre-clearance obtained; Insider Trading Code complied.
• Total paid-up capital: 34,052,925 shares.

Registered office address

• Circular resolution dated 02 Sep 2026 approves PIN correction for Hyderabad RO; no physical move.

Financial highlights

• Revenue from operations rose to ₹143.27 Cr in Q1 FY27 (Jun'26), up 7.2% YoY.
• Gross margin expanded to 16.4% from 13.9% YoY (249 bps).
• EBITDA rose to ₹16.93 Cr; EBITDA margin at 11.8% (up 67 bps).
• PBT ₹14.26 Cr and PAT ₹10.67 Cr; EPS ₹3.15 for Q1 FY27.
• Paid-up equity capital increased to ₹34.05 Cr as on 30 Jun 2026 due to warrants conversion.
• Pursuing NSE listing in addition to BSE.

Operational & strategic developments

• Merger integration of Narbada Gems and Jewellery strengthened standalone scale.
• Fourth quarter remains strongest; ongoing expansion in Telangana and adjoining markets.
• Listing application on NSE in progress alongside existing BSE listing.