S.M. Gold accepted the resignation of M/s. Neelam Somani & Associates as its secretarial auditor, effective September 2, 2026. The firm cited personal reasons for the departure.

The company disclosed the development in a filing with the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Neelam Somani & Associates tendered their resignation with immediate effect due to personal reasons.

Regulatory Compliance

The filing confirms there are no material reasons for the resignation other than those stated by the firm. There are no adverse remarks or observations bearing on the financial or operational affairs of the company.

Next Steps

The Board of Directors will consider appointing a new secretarial auditor upon the recommendation of the Audit Committee. The company will intimate the stock exchanges regarding the new appointment in accordance with applicable SEBI Listing Regulations.

S.M. Gold Limited reported a net profit of ₹53.05 lakh for the quarter ended June 30, 2026, marking a substantial 267% increase compared to ₹14.51 lakh in the same period last year. This turnaround highlights improved operational efficiency despite a sequential decline in revenue. The company’s Board of Directors approved the standalone unaudited financial results on August 8, 2026, following a review by the Audit Committee and a limited review report from statutory auditors Shah Karia & Associates.

Financial Performance

Revenue from operations for Q1FY27 was ₹2,250.39 lakh, a decrease from ₹3,309.91 lakh in the immediately preceding quarter (Q4FY26) but an increase from ₹2,552.94 lakh in Q1FY26. Total expenses amounted to ₹2,187.99 lakh, resulting in a profit before tax of ₹62.41 lakh. After accounting for current tax expenses of ₹9.36 lakh, the profit after tax reached ₹53.05 lakh.

Cost of materials consumed was ₹954.70 lakh, while changes in inventories contributed ₹1,189.80 lakh to expenses. Employee benefit expenses were not reported for the current quarter, unlike the ₹103.12 lakh recorded in Q4FY26. Financial costs remained stable at ₹7.74 lakh, nearly identical to the ₹7.79 lakh incurred in Q1FY26.

What the Numbers Show

The primary driver behind the 267% surge in net profit is the disproportionate reduction in total expenses relative to revenue. While revenue declined by approximately 12% sequentially from Q4FY26, total expenses fell by roughly 32%. This cost discipline, particularly the absence of employee benefit expenses and lower other administrative expenses (₹35.75 lakh vs ₹266.98 lakh in the prior quarter), significantly expanded margins. The basic earnings per share rose to ₹0.40 from ₹0.11 in the corresponding quarter last year, reflecting this improved bottom-line performance.

Regulatory Compliance

The results were submitted pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for insiders remained closed from July 1, 2026, until 48 hours after the declaration of these results, in compliance with SEBI’s Prohibition of Insider Trading Regulations. The company operates within a single primary business segment, and previous year’s figures have been regrouped where necessary.