Asian Star Company Limited has scheduled its 32nd Annual General Meeting for Monday, September 28, 2026. The meeting will be conducted through Video Conferencing or Other Audio Visual Means.

The company intends to propose a dividend of ₹1.50 per equity share to members at the meeting. This payout is subject to approval by shareholders during the AGM proceedings.

Meeting Details

The book closure for determining eligible shareholders will run from Tuesday, September 22, 2026, to Monday, September 28, 2026, inclusive. Shareholders holding equity shares on record during this period will be eligible to vote and receive the declared dividend.

The intimation was issued pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 91 of the Companies Act, 2013. Vipul Prabodh Shah, CEO and Managing Director, signed the communication dated September 3, 2026.

The Board of Directors of Asian Star approved the unaudited financial results for the quarter ended June 30, 2026, on August 13, 2026. The company reported a consolidated net profit of ₹12.05 crore, down from ₹19.34 crore in the corresponding quarter of FY26. Consolidated revenue from operations declined to ₹638.31 crore from ₹716.54 crore year-on-year.

The standalone net profit stood at ₹11.20 crore, compared to ₹16.04 crore in Q1FY26. Standalone revenue from operations was ₹546.11 crore, marginally lower than the ₹553.65 crore reported in the prior year period.

Segment Performance

The company operates primarily through two reportable segments: Diamonds and Jewellery, with a smaller 'Others' segment comprising wind energy generation.

Diamond revenue contracted significantly to ₹426.16 crore from ₹546.90 crore in Q1FY26. In contrast, the Jewellery segment saw growth, with revenue rising to ₹234.92 crore from ₹201.34 crore. The 'Others' segment, which includes wind energy, contributed ₹9.11 crore to revenue.

What the Numbers Show

A notable divergence exists between top-line performance and profitability drivers. While operational profit before interest and tax (PBIT) across all segments totaled ₹20.06 crore—down from ₹30.76 crore last year—the 'Others' segment contributed ₹9.11 crore to this total. This amount is identical to its revenue figure for the quarter, indicating that non-operational income or specific accounting treatments within the wind energy or other activities are driving a significant portion of the group's pre-tax earnings, rather than core trading margins in diamonds or jewellery.

Financial Highlights

Consolidated total income was ₹647.42 crore against total expenses of ₹632.56 crore. Finance costs decreased to ₹5.20 crore from ₹7.31 crore in the same quarter last year. The basic and diluted earnings per share (EPS) were ₹7.53, compared to ₹12.08 in Q1FY26.

In other developments, the board re-appointed V. L. Tikmani & Associates as internal auditors for the financial year 2026-27, effective April 1, 2026. The results were reviewed by statutory auditors V. A. Parikh & Associates LLP.