Patdiam Jewellery reported a standalone net profit of ₹1,611.37 lakh for the financial year ended March 31, 2026, marking a significant increase from ₹1,190.45 lakh in FY25. The Mumbai-based jewellery manufacturer also filed its annual report on September 7, 2026, ahead of its 27th Annual General Meeting scheduled for September 30, 2026.

Financial Performance

The company’s total income rose to ₹18,017.53 lakh in FY26, up from ₹16,124.00 lakh in the previous year. Revenue from operations specifically grew to ₹17,130.00 lakh, compared to ₹15,775.94 lakh in FY25. This top-line growth was supported by export sales of diamond-studded gold and silver jewellery, which remained the primary revenue driver.

Profit before tax expanded to ₹2,220.76 lakh from ₹1,620.70 lakh in FY25. Despite a higher current tax provision of ₹600.00 lakh against ₹7.70 lakh in the prior year, the net profit after tax improved substantially due to operational efficiencies and favorable foreign exchange movements.

What the Numbers Show

A notable divergence exists between the growth in operating revenue and the surge in other income. While revenue from operations increased by approximately 8.6%, other income jumped to ₹887.52 lakh from ₹348.05 lakh in FY25. This sharp rise was primarily driven by net gains on foreign currency transactions and translation, amounting to ₹881.54 lakh. Consequently, non-operating gains contributed significantly to the bottom-line expansion, highlighting the impact of currency fluctuations on the company’s profitability profile.

Corporate Governance and AGM

The Board of Directors recommended no dividend for FY26, stating that profits would be ploughed back into operations for working capital requirements. At the upcoming AGM, shareholders will consider the re-appointment of Mrs. Priti Kakadia as a director and the appointment of M/s. Pulindra Patel & Co. as statutory auditors for five years.

Additionally, the company seeks approval for related party transactions with entities including Patdiam LLP and Patdiam Jewels, with maximum annual limits set at ₹50 crore and ₹10 crore respectively. Shareholders will also vote on enhancing borrowing limits to ₹200 crore to fund working capital and asset acquisitions.

Patdiam Jewellery has scheduled its 27th Annual General Meeting for September 30, 2026. The board approved the convening of the meeting during its session on September 5, 2026.

The company fixed August 28, 2026, as the record date to determine shareholder entitlements for the Annual Report. The Register of Members and Share Transfer Books will remain closed from September 23, 2026, through September 30, 2026, inclusive.

Key Dates and Logistics

The AGM is set to take place at 1:00 pm at the company's registered office in Mumbai. The location is Gala No 102, Bldg No. 1, SEEPZ SEZ, Andheri (E), Mumbai - 400 096.

Approvals and Disclosures

The Board of Directors adopted the Annual Report and the Secretarial Audit Report for adoption by shareholders during the AGM. The Notice of Annual General Meeting and the Directors' Report are attached to the Annual Report.

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015. Samir Kakadia, Managing Director, signed the communication on behalf of the company.

Ordinary Business Items

Shareholders will consider and adopt the standalone and consolidated audited financial statements for the financial year ended March 31, 2026. The meeting will also see the re-appointment of Mrs. Priti Samir Kakadia as a director, who retires by rotation. Additionally, M/s. Pulindra Patel & Co., Chartered Accountants, will be appointed as Statutory Auditors for a five-year term until the conclusion of the 32nd AGM in 2031.

Special Business: Related Party Transactions

The AGM will seek shareholder approval for related party transactions involving the sale and purchase of diamonds with entities linked to promoter directors Mr. Samir Kakadia, Mrs. Priti Kakadia, and Mr. Pravin Kakadia. The proposed annual transaction limits are detailed below:

Related parties and their relatives are not entitled to vote on this special resolution.

Special Business: Borrowing and Security Creation

The company seeks approval to enhance its borrowing limits to ₹200 crore or the limit prescribed under Section 180(1)(c) of the Companies Act, 2013, whichever is higher. This funding is intended for working capital requirements and acquisition of capital assets.

Additionally, shareholders will be asked to approve the creation of mortgages and charges on movable and immovable properties to secure loans up to the same ₹200 crore limit.