Naksh Precious Metals reported a net loss of ₹37.58 lakh for FY26, reversing the net profit of ₹45.25 lakh recorded in the previous year. The decline was driven by a sharp fall in revenue and significant impairment charges recognized during the period.

Revenue from operations dropped 43% to ₹134.24 lakh, down from ₹235.14 lakh in FY25. The company recorded an operating loss before interest, depreciation, and tax (PBIT) of ₹50.87 lakh, compared to earnings of ₹46.01 lakh previously. This turnaround reflects lower trading volumes across its jewellery and metals segments, compressed realisations amid volatile precious metal prices, and export demand contraction.

Financial Performance

The company’s total income stood at ₹143.83 lakh, supported by other income of ₹9.59 lakh, primarily from the profit on the sale of assets. Total expenses rose to ₹197.80 lakh from ₹192.99 lakh in FY25, largely due to an impairment provision of ₹58.62 lakh.

Balance Sheet Strength

Despite the operating losses, Naksh Precious Metals strengthened its balance sheet by repaying all outstanding borrowings during the year. As of March 31, 2026, the company held cash and cash equivalents of ₹165.03 lakh, up from ₹113.88 lakh in the prior year. The debt-equity ratio improved to 0.00 from 0.03, indicating a debt-free status.

Corporate Restructuring

Shareholders will vote on shifting the registered office from New Delhi to Nashik, Maharashtra, at the upcoming AGM. This move requires a special resolution and approval from the Regional Director of the Ministry of Corporate Affairs.

Governance Updates

The company proposes appointing M/s. Vadulekar and Associates as statutory auditors for a five-year term ending in 2031. Mr. Nitin Dinkar Vispute is eligible for re-appointment as a director retiring by rotation.

Remote e-voting begins on September 26, 2026, and ends on September 29, 2026. The record date for voting rights is September 23, 2026.

Naksh Precious Metals approved shifting its registered office from Delhi to Maharashtra during its board meeting on August 27, 2026. The directors also sanctioned the disinvestment of NAS Global Industries Private Limited.

The Board of Directors convened at the company’s registered office in New Delhi. The meeting commenced at 5:00 pm and concluded at 6:30 pm. The approvals were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Resolutions

The board considered and approved several material matters during the session:

• Shifting the registered office from Delhi to Maharashtra and altering the Memorandum of Association accordingly.
• Material transactions with related parties under the Companies Act, 2013, and SEBI LODR Regulations.
• Draft Board’s Report and annexures for FY26.
• Management Discussion and Analysis Report for FY26.
• Draft Notice for the 23rd Annual General Meeting via Video Conferencing.
• Appointment of M/s. JNG & CO. LLP as Scrutinizer for the AGM.
• Disinvestment of NAS Global Industries Private Limited.

Corporate Details

Naksh Precious Metals Limited, formerly known as Vaksons Automobiles Limited, maintains its corporate office in Nashik, Maharashtra. The company’s registered office remains in New Delhi until the shift is effected.