Guru Krupa Gems & Jewellery reported a sharp contraction in financial performance for FY26, with revenue from operations falling 76% to ₹2,698.11 lakh. The company’s net profit after tax declined 17% to ₹56.59 lakh compared to the previous year.

The Ahmedabad-based jeweller has scheduled its 16th Annual General Meeting (AGM) for September 25, 2026. The meeting will be held via video conferencing to approve the audited financial statements and reappoint key board members.

Financial Performance

The company faced significant headwinds in the fiscal year ended March 31, 2026. Total revenue dropped to ₹2,709.06 lakh from ₹11,308.22 lakh in FY25. This decline was driven by a steep fall in sales volumes amid elevated gold prices.

Despite the revenue slump, the company managed to reduce total expenses by 77% to ₹2,631.19 lakh, largely due to lower purchase costs. Employee benefit expenses fell 37% to ₹47.52 lakh, while administrative expenses dropped 46% to ₹36.73 lakh.

Balance Sheet Signals

The company’s net worth increased marginally by 2% to ₹2,475.91 lakh, supported by retained earnings. Inventories rose slightly to ₹1,517.80 lakh, reflecting stock accumulation at higher gold prices. Trade receivables decreased 10% to ₹722.88 lakh, indicating improved collection efficiency despite lower sales.

Cash and cash equivalents nearly doubled to ₹8.70 lakh from ₹4.72 lakh in the prior year. The company took on non-current borrowings of ₹49.42 lakh, up from nil in FY25, to support operations.

What the Numbers Show

The divergence between the 76% revenue decline and the 14% profit before tax drop highlights effective cost management. While top-line pressure was severe, the proportional reduction in purchase costs and operating expenses helped cushion the bottom line. However, the inventory turnover ratio fell sharply from 7.65 times to 1.78 times, signaling slower stock movement relative to the reduced sales base.

Corporate Governance Updates

Mrs. Varshaben Akshaykumar Mehta retires by rotation at the upcoming AGM and seeks reappointment as a Non-Executive Non-Independent Director. The board also proposes appointing M/s Madhav Upadhyay and Associates as Secretarial Auditors for five years, effective FY27.

The company changed its name from Bhakti Gems and Jewellery Limited during the year. No dividend was recommended for FY26 as profits were retained for business operations.

Guru Krupa Gems & Jewellery has appointed Mr. Muzaffarhusen Nazirhusen Shaikh as its Internal Auditor effective September 1, 2026. The Board of Directors approved the appointment during a meeting held on the same date at the company’s registered office in Ahmedabad.

The decision followed a recommendation from the Nomination and Remuneration Committee. The appointment is for the financial year 2026-27 and complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Mr. Shaikh brings more than four years of experience in internal audit, assurance, and taxation to the role. The company disclosed that none of the key managerial personnel, senior management, or directors are related to him.

The filing was signed by Akshay S Mehta, Managing Director, and submitted to the BSE Limited pursuant to SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023.