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.

Naksh Precious Metals Limited, formerly known as Vaksons Automobiles Limited, returned to profitability in Q1FY26 with a consolidated net profit after tax of ₹0.05 lakh. This result contrasts sharply with the ₹59.12 lakh loss posted for the full fiscal year 2025, signaling an operational improvement despite a contraction in top-line revenue.

The company’s consolidated total income for the quarter stood at ₹26.12 lakh, a decline from ₹32.26 lakh recorded in Q1FY25. Before tax, the company generated a profit of ₹1.82 lakh, compared to a loss of ₹79.98 lakh in the preceding quarter (Q4FY25). The Board of Directors approved these unaudited results on August 14, 2026, following a limited review by statutory auditors.

Financial Performance Overview

The financial data reveals a divergence between revenue trends and bottom-line recovery. While revenue contracted year-on-year, the company managed to curb losses significantly compared to the previous quarter and the prior fiscal year.

Note: The previous year's figures represent standalone results as the subsidiary had not commenced operations during that period.

What the Numbers Show

A critical observation from the filing is the structural shift in reporting basis. The current quarter’s figures are presented on a consolidated basis, whereas the comparative period (Q1FY25) reflects standalone operations only. This change complicates direct year-on-year comparisons, as the inclusion of subsidiary activities in the current period may impact margin dynamics and cost structures differently than standalone operations. Additionally, the near-total erosion of pre-tax profit into post-tax profit (₹1.82 lakh before tax vs ₹0.05 lakh after tax) suggests significant tax provisions or other comprehensive income adjustments impacting the final bottom line, although specific tax rates were not disclosed in the extract.

Key Disclosures

• The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) 34.
• The company adopted Ind AS effective April 1, 2024, with a transition date of April 1, 2023.
• Naksh Precious Metals operates in a single reportable business segment; therefore, no segment-wise disclosures were provided.
• The Audit Committee reviewed the results prior to Board approval.