Gautam Gems reported a net profit of ₹70.13 lakh for the financial year ended March 31, 2026, marking a 146.76% increase from ₹28.43 lakh in FY25. The Surat-based diamond manufacturer and trader also announced that its 13th Annual General Meeting (AGM) will be held on September 30, 2026, via video conferencing.

Revenue from operations grew modestly by 1.75% to ₹7,971.22 lakh, reflecting stable business volumes amid industry headwinds. However, operational efficiency improved significantly, with EBITDA rising 53.48% to ₹126 lakh (₹1.26 crore). The company maintained a conservative balance sheet, reducing short-term borrowings to ₹553.94 lakh from ₹640.26 lakh in the prior year.

Financial Performance

The improvement in profitability was primarily driven by disciplined cost management and reduced finance expenses rather than top-line growth. Finance costs fell 21.28% to ₹26.23 lakh, aiding the bottom line. Operating margins expanded from 1.05% in FY25 to 1.59% in FY26.

Earnings per share (EPS) more than doubled to ₹0.16 from ₹0.07. The Board did not recommend any dividend for FY26, opting to retain profits to strengthen working capital.

What the Numbers Show

The divergence between modest revenue growth and sharp profit expansion highlights the impact of operating leverage. While revenue increased by less than 2%, the reduction in finance costs (down 21.3%) and controlled employee benefits allowed EBITDA to grow over five times faster than sales. This suggests the company is extracting higher value from its existing asset base without proportional increases in operating expenses.

Corporate Governance and AGM Details

The company will hold its 13th AGM on September 30, 2026, at 1:00 pm IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The cut-off date for determining voting eligibility is September 24, 2026. Remote e-voting will be available from September 26 to September 29, 2026.

Key agenda items include:

• Adoption of audited financial statements for FY26.
• Re-appointment of Mrs. Nidhi Gautam Sheth as Whole-time Director, retiring by rotation.
• Appointment of M/s Madhav Upadhyay and Associates as Secretarial Auditor for five years, replacing the resigned M/s Neelam Somani & Associates.

The Board recorded 100% attendance across all seven meetings held during FY26. Independent directors constituted 60% of the Board, ensuring robust oversight. The Statutory Auditors, M/s Shah Karia & Associates, issued an unmodified opinion on the financial statements.

Gautam Gems appointed Dishant Jagad as its Internal Auditor for a two-year term. The appointment covers the financial years 2026-27 and 2027-28.

The Board of Directors approved the move on September 5, 2026, acting on the recommendation of the Audit Committee. The decision aligns with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Mr. Jagad currently serves as the Chief Financial Officer of the company. He brings seven years of experience in accounting, taxation, and regulatory matters to the role.

The company notified the BSE Limited regarding this appointment pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.