Divine Hira Jewellers Limited announced its audited standalone financial results for the half year and financial year ended March 31, 2026, following a Board of Directors meeting on May 8, 2026. The company reported a significant surge in revenue and profitability for the fiscal year. Revenue from operations increased to ₹88,382.64 lakhs from ₹35,880.52 lakhs in the previous year, while net profit rose to ₹712.55 lakhs from ₹555.55 lakhs. Statutory auditors M/s Muchhal & Gupta issued an unmodified audit opinion on the financial statements.

Financial Performance: FY26 vs FY25

The company delivered robust growth across key financial metrics. Total income for the year stood at ₹88,396.97 lakhs compared to ₹35,896.95 lakhs in FY25. Total expenses also increased to ₹87,444.74 lakhs, primarily driven by the cost of material consumed which rose to ₹87,092.47 lakhs. Profit before tax improved to ₹952.23 lakhs from ₹742.60 lakhs in the prior year. The following table summarizes the audited financial results for the full year:

Half-Yearly Performance

For the half year ended March 31, 2026, the company reported revenue from operations of ₹38,336.38 lakhs and a net profit of ₹400.33 lakhs. This compares with revenue of ₹50,046.26 lakhs and net profit of ₹312.22 lakhs for the half year ended September 30, 2025. The figures for the period ended March 31, 2026 are balancing figures between the audited full-year results and the unaudited figures up to September 30, 2025.

Balance Sheet and Cash Flows

The company's total assets stood at ₹8,200.87 lakhs as of March 31, 2026, up from ₹6,547.54 lakhs a year earlier. Shareholders' funds increased to ₹5,054.86 lakhs, supported by reserves and surplus of ₹3,750.15 lakhs. Trade receivables rose significantly to ₹6,566.31 lakhs from ₹998.86 lakhs, while cash and cash equivalents declined to ₹3.68 lakhs from ₹2,949.91 lakhs. The decline in cash reflects a net cash outflow from operating activities of ₹3,173.89 lakhs during the year, primarily due to the increase in trade receivables.

Bonus Issue and Postal Ballot Process

The Board approved a bonus equity share issue in the ratio of 2:1, entailing the issuance of 2,60,94,200 fully paid-up bonus equity shares of ₹10 each to existing shareholders. The bonus shares will be issued out of retained earnings (free reserves) and are estimated to be credited or dispatched on or before July 7, 2026. Additionally, the Board approved an increase in authorised share capital from ₹15,00,00,000 to ₹39,50,00,000. The following table summarizes the share capital structure before and after the bonus issue:

To seek formal shareholder approval for both the bonus issue and the authorised share capital increase, the company has issued a Postal Ballot Notice dated May 11, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The two resolutions — increase in authorised share capital and issue of bonus equity shares — are proposed as Ordinary Resolutions. The remote e-voting period commences at 09:00 a.m. (IST) on Wednesday, May 13, 2026 and ends at 05:00 p.m. (IST) on Thursday, June 11, 2026. The cut-off date for determining shareholder eligibility for e-voting is May 8, 2026. Ms. Priyanka Jain (Membership No: F11881, COP: 18217) of Jain & Vishwakarma, Company Secretaries, has been appointed as the Scrutinizer to oversee the postal ballot process. Results will be announced within 2 working days of the conclusion of e-voting. The company has confirmed that it has not defaulted in payment of interest or principal on fixed deposits or debt securities, has no outstanding partly paid-up equity shares, and has met all statutory dues obligations.

New Subsidiary and IPO Utilisation

The Board approved the incorporation of a wholly-owned subsidiary, proposed to be named Taaris Jewels Limited, in Mumbai. The entity will operate in the silver jewellery segment, engaging in trading via B2B and B2C models. Divine Hira Jewellers will subscribe to 10,00,000 equity shares of ₹10 each, aggregating to ₹1,00,00,000. The Board also confirmed no deviations in the utilisation of IPO proceeds amounting to Rs. 31.838 crores, with funds deployed for loan repayment (INR 300 lakhs), working capital (INR 1,900 lakhs), and general corporate purposes (INR 619.09 lakhs).