esprit stones has approved its audited standalone and consolidated financial results for the year ended March 31, 2026. The decision was made during a Board of Directors meeting held on May 16, 2026. Additionally, the Board appointed M/s. Pallavi Mehta and Associates as the Internal Auditor for the financial year 2026-27.

Financial Results and Auditor’s Report

The audited financial results for the year ended March 31, 2026, were reviewed by the Audit Committee and approved by the Board. The Statutory Auditor issued an unmodified opinion on the standalone and consolidated financial results. The company noted that it disposed of its entire 51% equity stake in Addwaya Chemicals Private Limited on September 30, 2025, for a consideration of INR 120.87 lakhs, resulting in the cessation of its status as a subsidiary. The resultant profit or loss from this disposal has been recognized in the financial statements.

IPO Fund Utilization

The company provided a certificate regarding the utilization of funds raised through its Initial Public Offer (IPO), which was listed on August 2, 2024. The total amount raised was INR 5,035.42 lakhs. As of March 31, 2026, the company reported no deviation in the utilization of funds. The funds were allocated towards investments in subsidiary Haique Stones Private Limited, funding working capital requirements, and issue-related expenses.

Internal Auditor Appointment

M/s. Pallavi Mehta and Associates has been appointed as the Internal Auditor for the financial year 2026-27. The firm, established in 2011 by Pallavi Nahar, is a professionally managed practice registered with the Institute of Chartered Accountants of India. It offers specialized services including Operational and Efficiency Audits, Internal Audits, Management Consultancy, and Tax Planning.

The table below summarizes the key details of the appointment:

Esprit Stones Limited announced on May 11, 2026, that its Board of Directors has approved a significant capital investment to establish a new pressing line for the manufacturing of engineered quartz surfaces. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and pertains to the company's factory unit located at Khasra No. 1106-1109, Revenue Village Bhilwada, Lakhawali, Udaipur, Rajasthan, India-313011.

Capacity Addition Details

The Board has sanctioned an investment of INR 35 crores to add a new pressing line with a proposed capacity of 5,000 slabs per month. This is in addition to the company's existing pressing line capacity of 9,600 slabs per month, which currently operates at a utilisation rate of 48%. The new capacity is targeted to be operational between January 2027 and March 2027. The following table summarises the key parameters of the announced expansion:

Rationale for Expansion

According to the disclosure, the investment is aimed at upgrading the company's technological capabilities to manufacture high-end and contemporary designs while achieving significant cost efficiencies and precision through automation. The expansion is also intended to improve Esprit Stones' overall competitive positioning in the global engineered surfaces market.

Financing Structure

The proposed capital expenditure of INR 35 crores will be funded through a combination of bank finance and internal accruals. The disclosure was signed by Anjali Pandey, Company Secretary and Compliance Officer, on May 11, 2026, and the information has also been made available on the company's official website.