Eighty Jewellers accepts resignation of Company Secretary Rishika Verma

Eighty Jewellers Limited has accepted the resignation of CS Rishika Verma from the position of Company Secretary & Compliance Officer. The resignation is effective from the close of business hours on June 13, 2026, as Verma pursues external career opportunities. The company disclosed this development in a regulatory filing submitted to BSE Limited.

Verma submitted her resignation letter dated May 16, 2026. In her communication to the Board of Directors, she confirmed her intention to ensure a smooth handover of responsibilities during the notice period. The resignation was formally accepted by Managing Director Nikesh Bardia.

Regulatory Disclosure

The intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing included the necessary details regarding the cessation of the Key Managerial Personnel as required by the regulator.

Resignation Details

The following table outlines the key details of the event:

Sr.No	Details of Events	Information
1	Reason for change	Resignation to pursue alternate career opportunity outside the Organization
2	Date of cessation	June 13, 2026
3	Brief profile	NA
4	Disclosure of relationships	NA

Eighty Jewellers stated that it is in the process of identifying and hiring a suitable candidate for the vacant position. The company confirmed it will inform the stock exchanges once the vacancy is filled.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.79%	-4.31%	+31.16%	+22.29%	+5.79%	-9.32%

Eighty Jewellers reported a net profit of ₹974.35 lakh for the financial year ended March 31, 2026, a significant increase from ₹185.25 lakh in the previous year. The company's revenue from operations rose to ₹12,834.81 lakh for FY26, compared to ₹10,967.93 lakh in FY25. The Board of Directors approved the audited financial results for the half year and full year ended March 31, 2026, at a meeting held on May 28, 2026.

The statutory auditors, Singhal & Sewak, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. The company noted that it is exempt from adopting Indian Accounting Standards (Ind AS) as its shares are listed on an SME exchange. Consequently, the financial results have been prepared using applicable accounting standards other than Ind AS.

Total income for the year stood at ₹12,848.47 lakh, up from ₹10,973.08 lakh in the prior year. Total expenses for FY26 were reported at ₹11,551.17 lakh, compared to ₹10,718.70 lakh in FY25. The profit before tax for the year increased to ₹1,297.30 lakh from ₹254.38 lakh in the previous year. Basic and diluted earnings per share (EPS) for the year improved to ₹9.55 from ₹1.82 in FY25.

Financial Performance

The company's balance sheet as of March 31, 2026, showed total assets of ₹7,424.11 lakh, an increase from ₹5,894.20 lakh in the previous year. Shareholders' funds, comprising share capital and reserves, grew to ₹3,680.47 lakh from ₹2,716.32 lakh. Inventory, a major component of current assets, stood at ₹6,275.00 lakh, up from ₹5,082.13 lakh in FY25.

Key Financial Metrics for FY26

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from operations	12,834.81	10,967.93
Total Income	12,848.47	10,973.08
Total Expenses	11,551.17	10,718.70
Profit before tax	1,297.30	254.38
Net profit	974.35	185.25
Earnings per share (Basic)	9.55	1.82

Corporate Governance

The Board, upon the recommendation of the Audit Committee, approved the appointment of M/s. Kala Parakh & Farishta, Chartered Accountants, as internal auditors for the financial year 2026-27. The trading window for designated persons will remain closed for 48 hours following the conclusion of the board meeting, in accordance with SEBI regulations regarding insider trading. The company also declared an interim dividend of ₹0.1 per share during the year.