Pushpa Jewellers Limited reported a 16.2% rise in net profit to ₹258.85 crore for the financial year ended March 31, 2026, supported by a 48.8% increase in revenue from operations to ₹4,183.89 crore. The company’s earnings per share (EPS) for the year stood at ₹11.36, compared to ₹11.82 in the previous year. The board approved the audited standalone financial results, which were subject to an unmodified opinion from statutory auditors M/s. S K Agarwal and Co Chartered Accountants LLP.

The total income for FY26 rose to ₹4,195.48 crore from ₹2,812.71 crore in the previous year. Expenses increased to ₹3,832.85 crore, with the cost of raw materials consumed rising to ₹3,880.91 crore. The company’s profit before tax for the year was ₹349.95 crore, up from ₹298.06 crore in FY25. The finance costs for the year were ₹20.99 crore, while depreciation and amortization expenses stood at ₹10.32 crore.

Financial Performance

The company’s balance sheet as of March 31, 2026, showed total assets of ₹1,775.25 crore, a significant increase from ₹854.86 crore in the previous year. Shareholders' funds grew to ₹1,544.36 crore, driven by an increase in share capital to ₹242.23 crore and reserves and surplus to ₹1,302.13 crore. Non-current liabilities stood at ₹165.78 crore, while current liabilities decreased to ₹65.11 crore.

Corporate Governance and Approvals

The board approved the reconstitution of the Audit Committee and Stakeholders’ Relationship Committee following the resignation of Mr. Pranay Agarwal, an Independent Director. Ms. Shaista Afreen was appointed as the Chairperson of both committees. The Nomination and Remuneration Committee is currently not in compliance with Regulation 19 of SEBI LODR Regulations, and the company is in the process of appointing a suitable independent director to reconstitute the committee within prescribed timelines.

The board also took note of the outcome of the Extraordinary General Meeting held on May 6, 2026, where shareholders did not approve the special resolution for the issuance of warrants on a preferential basis. Consequently, the proposed preferential issue will not proceed. The company confirmed completion of statutory and regulatory compliances under SEBI LODR Regulations for the quarter ended March 31, 2026.

Pushpa Jewellers Limited has confirmed that its promoters and promoter group members did not encumber any shares during the financial year ended March 31, 2026. The disclosure, submitted to the National Stock Exchange of India Limited, ensures that no shares were pledged directly or indirectly by the promoters or persons acting in concert throughout FY26.

The declaration was made in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires listed companies to disclose any encumbrance of shares by promoters on a yearly basis.

Key Disclosure Details

The filing provided the following specifics regarding the compliance:

The declaration was signed by Mridul Tibrewal on behalf of the promoters. Smita Mondal, Company Secretary and Compliance Officer, submitted the disclosure to the exchange.