Kenvi Jewels Limited concluded its 13th Annual General Meeting on September 29, 2026, approving the audited financial statements for the fiscal year ended March 31, 2026. The meeting was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), with voting results to be declared separately.

Key Resolutions Passed

The shareholders voted on four primary resolutions during the remote e-voting period, which ran from September 25 to September 28, 2026. The resolutions covered financial adoption, director re-appointments, and auditor changes.

Meeting Proceedings and Attendance

The meeting commenced at 11:30 am and concluded at 11:41 am. A total of 73 members attended the virtual meeting out of 31,886 shareholders on the cut-off date of September 23, 2026. The quorum was confirmed by the Managing Director, Mr. Chirag Champaklal Valani, who conducted the proceedings on behalf of the Chairperson, Mr. Sanni Shaileshbhai Shah.

The Company Secretary, Mrs. Keyuri Jinesh Shah, briefed members on the video conferencing protocols and remote e-voting procedures. She also provided a summary of the auditors' reports, confirming that both the Statutory Auditors' Report and the Secretarial Audit Report for FY26 contained no qualifications, reservations, adverse remarks, or disclaimers.

Auditor Changes

A notable administrative update involved the change in secretarial auditors. M/s. Neelam Somani & Associates resigned from their position after the close of the financial year due to personal reasons. Consequently, the Board approved the appointment of M/s. SS Lunkad and Associates as the new Secretarial Auditors, subject to shareholder approval, which was duly granted during the AGM. M/s. SS Lunkad and Associates also served as the Scrutinizer for the e-voting process to ensure transparency.

Kenvi Jewels Limited reported a 15% year-on-year increase in profit after tax to ₹86.81 lakh for FY26, supported by a 10.6% rise in revenue from operations to ₹17,912.71 lakh. The board also fixed September 29, 2026, for its 13th annual general meeting.

The jewellery retailer’s total income grew by ₹1,717.40 lakh to ₹17,912.84 lakh, while total expenses increased marginally lower at 10.5% to ₹17,794.40 lakh. This cost discipline contributed to a 22% jump in profit before tax to ₹118.45 lakh from ₹97.10 lakh in the previous year.

Financial Performance

Revenue from operations expanded steadily, reflecting improved business operations and higher sales volumes. Other income declined negligibly by ₹0.05 lakh to ₹0.13 lakh. Earnings per share improved to ₹0.07 from ₹0.06 in FY25.

What the Numbers Show

The divergence between revenue growth (10.6%) and expense growth (10.5%) indicates modest operational leverage. However, the inventory turnover ratio fell significantly to 7.05 times from 9.65 times in FY25. This slowdown in inventory movement, despite revenue growth, suggests higher average inventory levels held during the year, impacting working capital efficiency.

Corporate Governance Updates

The board appointed M/s SS Lunkad and Associates as the new secretarial auditor for five financial years (FY27-FY31), replacing M/s Neelam Somani & Associates who resigned on September 4, 2026. Chiragkumar Valani was reappointed as managing director for a further five-year term, subject to shareholder approval.

AGM Details

The 13th AGM will be conducted via video conferencing on September 29, 2026, at 11:30 am. The cut-off date for voting eligibility is September 23, 2026. Remote e-voting will be open from September 25 to September 28, 2026. The agenda includes adopting financial statements and reappointing directors retiring by rotation.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE923Y01023/8a78bb8e-310c-430f-a5a3-c6b36e327ba2.pdf