Grover Jewells Limited has secured a Working Capital Term Loan of Rs 11.5 million from ICICI Bank Limited under the Emergency Credit Line Guarantee Scheme (ECLGS) to bolster its financial liquidity. The approval was granted during its board meeting held on June 24, 2026. This strategic financial move aims to support the company's working capital requirements through a government-backed credit facility.

The Board of Directors convened at 11:30 a.m. and concluded the proceedings at 12:30 p.m. on June 24, 2026. During this session, the board formally approved the availing of the loan facility. The decision aligns with the company's objective to utilize available financial schemes for operational stability.

In addition to the financial approval, the board also considered and approved the minutes of the Audit Committee meeting held on June 23, 2026. This procedural step ensures that the committee's observations and recommendations are formally recorded and integrated into the company's governance framework.

Key Approvals

The meeting resulted in two primary resolutions:

• Working Capital Term Loan: Availment of Rs 11.5 million from ICICI Bank Limited under ECLGS.
• Audit Committee: Approval of minutes from the meeting held on June 23, 2026.

The disclosure was submitted to the National Stock Exchange of India Limited in compliance with Regulation 30 read with Schedule-III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was confirmed by Deepak Kumar Grover, Managing Director of grover jewells .

Grover Jewells Limited has announced its audited standalone financial results for the financial year ended March 31, 2026. The board of directors approved the standalone audited financial statements and the independent audit report during a meeting held on May 22, 2026.

Financial Performance

The company reported a net profit of ₹2,116.88 lakh for the full year, marking an increase from ₹751.60 lakh in the prior year. For the half year ended March 31, 2026, the net profit was recorded at ₹1,704.19 lakh. Total income for the financial year rose to ₹82,484.99 lakh, driven by revenue from operations which amounted to ₹82,420.98 lakh.

Operational Metrics

Total expenses for the year were reported at ₹83,042.20 lakh. The company noted that it does not have more than one reportable segment as per Accounting Standard 17. Additionally, the earnings per equity share (basic) for the year stood at ₹18.92, compared to ₹28.20 in the previous year.

Capital Structure and IPO

During the financial year, the company completed its Initial Public Offering (IPO), issuing 38,44,800 new equity shares with a face value of ₹10 each at a premium of ₹78 per share. The total issue size aggregated to ₹33,83,42,400. The equity shares were listed on the SME platform of NSE on February 11, 2026.

Utilization of Issue Proceeds

The company has fully utilized the proceeds raised through the IPO. The funds were allocated towards meeting working capital requirements, general corporate purposes, and issue-related expenses. A certificate confirming the utilization of issue proceeds was also submitted.