Radhika Jeweltech sets Sept 30 AGM for board reappointments

1 min read | Published on 08 Sept 2026, 09:27 PM |Updated on 08 Sept 2026, 09:27 PM

Reviewed by

Jubin VScanX News Team

Add as a preferred
source on Google

Key Highlights

10th AGM scheduled for September 30, 2026, via video conferencing
Shareholders to reappoint MD and two WTDs for three-year terms
Remuneration set at ₹10 lakh per month for each reappointed director
Regularization of two independent directors with 34 years industry experience each
Remote e-voting window opens September 27 and closes September 29

*this image is generated using AI for illustrative purposes only.

Radhika Jeweltech has scheduled its 10th Annual General Meeting for September 30, 2026, to seek shareholder approval for key management reappointments and the regularization of independent directors.

The meeting will be conducted through Video Conferencing or other Audio-Visual means at 2:00 pm. The notice, issued on September 8, 2026, outlines both ordinary and special business items for consideration by the members.

Management Reappointments

Shareholders will vote on the reappointment of three key managerial personnel for a three-year term from August 1, 2027, to July 31, 2030. Each director will receive a remuneration of ₹10 lakh per month.

Director Name	Role	Experience	Shares Held
Ashokkumar M. Zinzuwadia	Managing Director	>39 years	2,63,50,000
Hareshbhai M. Zinzuwadia	Whole-Time Director	>30 years	2,29,50,000
Darshit A. Zinzuwadia	Whole-Time Director	>13 years	2,29,50,000

Ashokkumar Zinzuwadia currently serves as Managing Director, while Hareshbhai Zinzuwadia and Darshit Zinzuwadia serve as Whole-Time Directors. All three are promoters of the company.

Independent Directors

The agenda also includes the regularization of two additional directors as Non-Executive Independent Directors. Dholakiya Dipakkumar Natwarlal and Preetiben Bakulbhai Fichadia were appointed as Additional Directors on July 22, 2026.

Both candidates hold five-year terms commencing from June 28, 2025, to June 27, 2030. Neither holds shares in the company. Dholakiya Natwarlal brings 34 years of experience in gold and diamond jewellery business. Preetiben Fichadia also has 34 years of experience in the sector.

Voting Procedures

Remote e-voting begins on September 27, 2026, at 9:00 am and ends on September 29, 2026, at 5:00 pm. The record date for voting rights is September 18, 2026. National Securities Depository Limited (NSDL) is the authorized agency for facilitating electronic voting.

Historical Stock Returns for Radhika Jeweltech

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.70%	+30.41%	+26.67%	+44.65%	-6.57%	0.0%

How might the reappointment of the Zinzuwadia family members impact the company's succession planning and long-term strategic direction?

What specific expertise or governance improvements do the newly regularized independent directors bring to the board given their extensive industry experience?

Will the fixed remuneration of ₹10 lakh per month for key managerial personnel remain competitive amidst potential inflation and sector-specific wage trends over the next three years?

Radhika Jeweltech

View Company Insights

View All News

Radhika Jeweltech Q1 Results: Net Profit Up 25.5% YoY, EBITDA at 307M Rupees

2 min read | Published on 11 Aug 2026, 01:38 PM |Updated on 11 Aug 2026, 01:44 PM

Reviewed by

Naman SScanX News Team

Add as a preferred
source on Google

Key Highlights

Radhika Jeweltech reported a 25.5% YoY rise in Q1FY27 net profit to ₹22.85 lakh, supported by 53.8% revenue growth to ₹152.54 lakh. EBITDA improved to 307M Rupees versus 253M Rupees year-on-year, though the EBITDA margin narrowed to 20.12% from 25.54%, reflecting higher material costs. EPS rose to ₹1.94 from ₹1.54 in Q1FY26.

*this image is generated using AI for illustrative purposes only.

Radhika Jeweltech reported a robust start to FY27, with net profit surging 25.5% year-on-year to ₹22.85 lakh in Q1FY27. The growth was underpinned by a sharp 53.8% expansion in revenue from operations, which reached ₹152.54 lakh compared to ₹99.15 lakh in Q1FY26. EBITDA for the quarter stood at 307M Rupees versus 253M Rupees in the year-ago period, though the EBITDA margin contracted to 20.12% from 25.54% year-on-year. This performance highlights strong operational momentum for the gold and diamond jewelry manufacturer.

The Board of Directors approved the unaudited financial results on August 11, 2026, following a review by the Audit Committee. The statutory auditors, Panchal S K & Associates, issued a limited review report confirming that the financials comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates exclusively in the manufacturing and trading segment for gold and diamond jewelry.

Financial Performance Highlights

The company's top-line growth outpaced expense inflation, leading to improved profitability metrics across the board. Other income also contributed marginally, rising to ₹0.90 lakh from ₹0.09 lakh in the prior year period. The following table summarises the key financial metrics for the quarter:

Metric	Q1FY27	Q1FY26	YoY Change
Revenue from Operations	₹152.54 lakh	₹99.15 lakh	+53.8%
Total Income	₹153.44 lakh	₹99.23 lakh	+54.6%
Total Expenses	₹122.79 lakh	₹74.84 lakh	+64.1%
Profit Before Tax	₹30.65 lakh	₹24.39 lakh	+25.7%
Net Profit	₹22.85 lakh	₹18.21 lakh	+25.5%
EBITDA	307M Rupees	253M Rupees	—
EBITDA Margin	20.12%	25.54%	-5.42 pp

Cost of materials consumed rose to ₹102.94 lakh from ₹57.18 lakh, consistent with the higher sales volume. Employee benefits expenses increased slightly to ₹1.99 lakh from ₹1.89 lakh, while finance costs decreased marginally to ₹0.50 lakh from ₹0.57 lakh. Depreciation remained stable at ₹0.44 lakh.

What the Numbers Show

A key analytical observation is the divergence between revenue growth and total expense growth. While revenue expanded by 53.8%, total expenses grew at a faster rate of 64.1%, primarily driven by the cost of materials consumed, which is directly linked to sales volume in the jewelry sector. The EBITDA margin contraction from 25.54% to 20.12% year-on-year further reflects the higher input cost burden relative to revenue growth. However, the company maintained healthy operating leverage, as profit before tax still grew by 25.7%. The effective tax rate remained relatively stable, with current tax expenses at ₹7.80 lakh against a profit before tax of ₹30.65 lakh.

Earnings per share (basic and diluted) stood at ₹1.94, a significant improvement from ₹1.54 in Q1FY26. The paid-up equity share capital remains unchanged at ₹11.80 lakh, comprising 11.8 million shares of ₹2 each. The company's total comprehensive income for the period was ₹22.86 lakh, including minor other comprehensive income items.

Regulatory and Compliance Details

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS), specifically Ind AS 34 for interim financial reporting. The figures for the quarter ended March 31, 2026, are balancing figures derived from audited full-year data and unaudited nine-month data. Previous period figures have been regrouped where necessary for comparability. No dividend was declared for the quarter.

Historical Stock Returns for Radhika Jeweltech

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.70%	+30.41%	+26.67%	+44.65%	-6.57%	0.0%

How will the 5.42 percentage point contraction in EBITDA margins impact Radhika Jeweltech's ability to sustain its revenue growth trajectory in Q2FY27?

What specific strategies is the company employing to mitigate rising material costs, which drove total expenses up by 64.1% despite a 53.8% revenue increase?

Given the strong operational momentum, does management plan to declare dividends or reinvest profits into capacity expansion for the remainder of FY27?

Radhika Jeweltech

View Company Insights

View All News