Palm Jewels has accepted the resignation of Abhijit Roy from his positions as Company Secretary and Compliance Officer, effective July 31, 2026. The Ahmedabad-based jewellery manufacturer disclosed the change in key managerial personnel to the Bombay Stock Exchange on August 1, 2026, noting that Roy is leaving to pursue better career opportunities. This transition marks a shift in the company’s compliance leadership structure.

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Palm Jewels also referenced SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates detailed disclosures regarding changes in key managerial personnel. The intimation was signed by Rohit Dalpatbhai Shah, Managing Director of Palm Jewels Limited.

Roy submitted his resignation letter dated July 31, 2026, to the Board of Directors. In his letter, he expressed gratitude for the guidance and support received during his tenure, stating that the experience had been invaluable to his professional growth. His membership number with the Institute of Company Secretaries of India is A68723.

Resignation Details

The company confirmed that a copy of the resignation letter containing detailed reasons was enclosed with the exchange filing. No further details regarding a successor or interim arrangements were provided in the immediate disclosure.

Palm Jewels Limited reported an 83.6% rise in net profit to ₹99.68 lakh for the financial year ended March 31, 2026, compared to ₹54.29 lakh in the previous year. Revenue from operations for FY26 stood at ₹18,528.53 lakh, a marginal decline from ₹18,974.00 lakh in FY25. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company posted a net profit of ₹15.40 lakh, up from ₹7.40 lakh in the corresponding quarter of the previous year. Revenue from operations for Q4FY26 was ₹4,923.83 lakh, higher than ₹3,758.57 lakh in Q4FY25. Total income for the quarter increased to ₹4,924.95 lakh from ₹3,760.22 lakh in the same period last year.

The company’s total assets as of March 31, 2026, stood at ₹2,045.29 lakh, compared to ₹1,986.19 lakh a year earlier. Equity share capital remained unchanged at ₹1,004.10 lakh. Total equity increased to ₹1,647.98 lakh from ₹1,548.30 lakh in the previous year. Borrowings decreased, with non-current borrowings at ₹13.80 lakh and current borrowings at ₹243.59 lakh as of March 31, 2026.

Bharat H. Shah & Co., Chartered Accountants, issued an unmodified opinion on the audited financial results. The report confirms that the financial statements give a true and fair view of the company's net profit and other financial information in conformity with Indian Accounting Standards. The statutory auditors conducted the audit in accordance with the Standards on Auditing specified under the Companies Act, 2013.

Financial Results for FY26

Quarterly Performance (Q4FY26)

The company is engaged in the manufacture and sale of gold jewellery and articles. There are no separate reportable segments as per Ind AS 108. The financial results are available on the company's website and the Bombay Stock Exchange website.