RO Jewels Limited reported a net profit of ₹0.29 lakh for the financial year ended March 31, 2026, a sharp decline from ₹17.10 lakh in the previous year. Revenue from operations for the year stood at ₹4,709.75 lakh, compared to ₹4,547.63 lakh in FY25. The company's statutory auditors, M/s Shah Karia & Associates, issued a qualified opinion on the standalone audited financial results, citing significant limitations in verifying inventory, trade receivables, and cash balances.

The board approved the financial results at its meeting held on May 30, 2026. The meeting also took note of the resignation of M/s Neelam Somani & Associates as Secretarial Auditors and appointed Priyanshi Jain as the new Secretarial Auditor for a term of five years, subject to shareholder approval.

Audit Qualifications

The auditors raised four key qualifications. They were unable to verify inventory valued at ₹1,381.84 lakh due to a lack of item-wise identification and formal documentation. Additionally, independent external confirmations for trade receivables and trade payables were not obtained, preventing the verification of carrying values. The auditors also could not physically verify cash and bank balances included in cash and cash equivalents. Furthermore, the company failed to retrospectively apply a change in depreciation method from Written Down Value to Straight-Line Method, resulting in non-compliance with Accounting Standard 6.

Financial Performance

For the quarter ended March 31, 2026, the company reported a loss of ₹8.32 lakh, contrasting with a profit of ₹5.45 lakh in the same period last year. Total assets for FY26 stood at ₹2,405.04 lakh, down from ₹2,541.06 lakh in the previous year. The company's equity share capital remained unchanged at ₹1,008.93 lakh.

Key Meeting Details

RO Jewels Limited has completed its regulatory compliance requirements by submitting the mandatory certificate under Regulation 74(5) of SEBI (Depositories & Participants) Regulation, 2018 for the quarter ended March 31, 2026. The submission was made to BSE Limited on April 14, 2026, as part of the company's ongoing compliance with securities market regulations.

Regulatory Compliance Details

The company submitted confirmation certificates received from its Registrar & Share Transfer Agent, KFin Technologies Limited, dated April 1, 2026. These certificates were issued for the quarter ended March 31, 2026, covering the company's dematerialization and rematerialization activities during this period.

Registrar Confirmation

KFin Technologies Limited, serving as the company's Registrar to an Issue and Share Transfer Agent, issued separate certificates to both major depositories - National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). The certificates confirm that all required details of securities dematerialized and rematerialized during the quarter have been properly furnished to stock exchanges where the company's shares are listed.

Company Information

RO Jewels Limited operates from its registered office in Ahmedabad, Gujarat, with CIN L74999GJ2018PLC105540. The compliance submission was signed by Managing Director Shubham Shah (DIN: 08300065), demonstrating board-level oversight of regulatory requirements.

Significance of Compliance

This regulatory submission ensures transparency in the company's share transfer operations and maintains compliance with SEBI's depositories regulations. The certificate confirms that the company has met all requirements for reporting securities transactions during the quarter, supporting investor confidence and regulatory adherence in the securities market.