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.

Patdiam Jewellery Limited reported a 35% year-on-year increase in standalone net profit for FY26, reaching ₹161.1 crore. The Mumbai-based jeweller also posted an 8.6% rise in revenue from operations to ₹1,713 crore for the financial year ended March 31, 2026.

The company’s board of directors approved the revised audited standalone and consolidated financial results on July 31, 2026. The revision was necessary to include the consolidated cash flow statement, which had been inadvertently omitted from the initial filing submitted in compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations.

Financial Performance

Standalone revenue from operations stood at ₹10,361.72 lakh for the half-year ended March 31, 2026, compared to ₹8,864.25 lakh in the same period last year. For the full fiscal year, revenue reached ₹17,130.00 lakh, up from ₹15,775.94 lakh in FY25.

Net profit after tax for the half-year was ₹1,340.85 lakh, a significant improvement over ₹918.73 lakh recorded in H2 FY25. The full-year net profit after tax came in at ₹1,611.37 lakh, compared to ₹1,190.45 lakh in the previous fiscal.

Consolidated Results and Subsidiary Impact

This is Patdiam Jewellery’s first year of presenting consolidated financial statements. The group includes Ancora Design Tradings LLC as a subsidiary. Consolidated revenue for FY26 was ₹17,312.29 lakh, with a consolidated net profit of ₹1,659.56 lakh.

The subsidiary contributed ₹9,630.85 lakh in revenue and reported a net profit after tax of ₹102.33 lakh before consolidation adjustments. The holding company converted the subsidiary’s financial results from foreign accounting principles to Indian Accounting Standards (Ind AS).

What the Numbers Show

The divergence between standalone and consolidated employee benefit expenses highlights the operational structure of the group. Standalone employee benefits were ₹305.61 lakh for FY26, while consolidated expenses rose to ₹750.90 lakh. This indicates that the majority of the workforce and associated costs are likely housed within the subsidiary or other group entities rather than the listed entity itself.

Balance Sheet and Cash Flows

As of March 31, 2026, total assets on a standalone basis reached ₹16,789.85 lakh, up from ₹10,731.32 lakh in the previous year. Inventories increased significantly to ₹3,826.29 lakh from ₹2,419.92 lakh, reflecting stock buildup ahead of peak seasonal demand or new product launches.

Trade receivables also rose to ₹9,000.91 lakh from ₹6,826.42 lakh. On the liabilities side, short-term borrowings increased to ₹2,312.01 lakh from ₹1,342.16 lakh, while long-term borrowings rose to ₹437.90 lakh from ₹90.15 lakh.

Dave & Dave Chartered Accountants issued an unmodified audit opinion on both the standalone and consolidated financial results. Managing Director Samir Kakadia signed off on the filings.