Ashapuri Gold Ornament Limited board approved a request for a two-month extension to hold its FY26 Annual General Meeting, citing the unavailability of the Company Secretary.

The company’s Board of Directors, in a meeting held on September 5, 2026, authorized an application to the Registrar of Companies (ROC), Gujarat at Ahmedabad. The request is made under Section 96 of the Companies Act, 2013, to extend the deadline for convening the 18th AGM.

Regulatory Compliance and Timeline

The standard deadline for holding the AGM was September 30, 2026. The company stated that the delay stems from the Company Secretary being unwell, which hindered the completion of statutory compliances and AGM-related documentation.

To ensure proper notice periods, the company requires additional time to finalize financial statements and provide the prescribed 21 clear days' notice to members. The application seeks an extension of up to two months from the original deadline.

Meeting Details

The board meeting commenced at around 2:00 pm and concluded at around 3:00 pm IST. Saremal Champalal Soni, Managing Director, signed the disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company confirmed it will update the stock exchange on any further developments regarding the extension approval.

Ashapuri Gold Ornament Limited reported a 54.2% rise in net profit to ₹1,856.40 lakh for the financial year ended March 31, 2026, driven by higher operational efficiency and controlled costs. Revenue from operations for the year increased marginally to ₹31,720.85 lakh compared to ₹31,629.97 lakh in the previous year. The company’s Board approved the annual audited standalone financial results during a meeting held on May 29, 2026. The company submitted newspaper cuttings of the extract of these audited standalone financial results to BSE Limited on May 30, 2026, as published in the Ahmedabad edition of the Financial Express.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹135.31 lakh, a significant increase from ₹80.24 lakh in the same period last year. Revenue from operations for the quarter stood at ₹7,060.67 lakh, down from ₹8,373.00 lakh in the corresponding quarter of the previous year. Total income for the quarter was ₹7,074.13 lakh. The earnings per share (EPS) for the year improved to ₹0.56 from ₹0.38 in FY25.

The Board appointed M/s. Bharat H. Shah & Co., Chartered Accountants, as internal auditors for the financial year 2026-27. The statutory auditors, M/s. Shivam Soni & Co., issued an unmodified opinion on the annual audited standalone financial results. The financial results were prepared in compliance with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company’s total assets as of March 31, 2026, stood at ₹17,312.08 lakh, an increase from ₹15,321.14 lakh in the previous year. Cash and cash equivalents surged to ₹739.20 lakh from ₹47.40 lakh a year ago. Other equity, excluding revaluation reserves, rose to ₹13,341.65 lakh from ₹11,333.98 lakh. The company reported no exceptional items during the period.

Financial Results for FY26

Quarterly Performance (Q4FY26)