Shanti Gold International Limited has completed its postal ballot process through remote e-voting, with the voting results announced on April 25, 2026. The ballot sought shareholder approval for the re-appointment of two key directors along with increases in their remuneration. The e-voting period was conducted from March 25, 2026, to April 23, 2026, with the record date set as March 20, 2026, determining eligible shareholders.

Voting Overview

The postal ballot covered two ordinary resolutions. The first resolution pertained to the re-appointment of Mr. Pankajkumar Jagawat (DIN: 01843846) as Managing Director and increase in his remuneration. The second resolution concerned the re-appointment of Mr. Manojkumar Jain (DIN: 01817027) as Whole-Time Director and increase in his remuneration. Both resolutions were passed with the requisite majority on April 23, 2026.

Detailed Voting Results

The voting process involved 33,143 total shareholders on the record date. The results were scrutinized by CS Maithili Nandedkar of MNB & Co. LLP, Practicing Company Secretaries, who served as the Scrutinizer for the postal ballot process.

Shareholder Participation

The voting participation was distributed across different shareholder categories. For both resolutions, the Promoter and Promoter Group cast 27,002,700 votes entirely in favour. Public Institutions contributed 199,811 votes, also entirely in favour. Public Non-Institutions showed some opposition, with 10,139 votes in favour and 2,972 votes against for the first resolution, and 10,524 votes in favour and 2,787 votes against for the second resolution.

Regulatory Compliance

The company has submitted the postal ballot results along with the scrutinizer's report to the Listing/Compliance Departments of BSE Limited and National Stock Exchange of India Limited. The submission was made in compliance with Regulation 44(3) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have also been uploaded on the company's website at www.shantigold.in .

Scrutinizer Report

The scrutinizer's report was issued by CS Maithili Nandedkar (FCS No. 8242, COP No. 9307) from MNB & Co. LLP. The report confirmed that the e-voting data was scrutinized, matched, and confirmed with the shareholding list of beneficiaries. The management of the company is responsible for ensuring compliance with the requirements of the Companies Act, 2013 and rules relating to voting through electronic means. The scrutinizer's responsibility was restricted to making a report of the votes cast in favour or against the resolutions based on reports generated from the e-voting system provided by NSDL, the authorized agency engaged by the company for providing e-voting facilities.

Company Information

Shanti Gold International Limited is listed on both BSE Limited and National Stock Exchange of India Limited. The company's CIN is L74999MH2013PLC249748. The postal ballot notice was dated March 19, 2026, and dispatched on March 24, 2026. The results were formally submitted to the stock exchanges on April 25, 2026, by Vrushti Shah, Company Secretary & Compliance Officer of the company.

Both resolutions have been passed as ordinary resolutions with the requisite majority, as confirmed in the scrutinizer's report dated April 25, 2026. The soft copy of the list of equity shareholders who voted "FOR", "AGAINST" and those whose votes were declared invalid for each resolution has been emailed to the Company Secretary of the company.

Shanti Gold International Limited has announced exceptional operational results for the quarter and full year ended March 31, 2026, demonstrating remarkable resilience amid challenging market conditions. The Mumbai-based jewellery manufacturer delivered its strongest quarterly performance in company history, showcasing the effectiveness of its strategic positioning in India's organized retail jewellery ecosystem.

Exceptional Q4FY26 Performance

The company's fourth quarter results reflect outstanding operational execution across key metrics:

Despite significant gold price volatility during the quarter, the company successfully maintained strong volume expansion, demonstrating the resilience of its customer relationships and design capabilities. The revenue growth of over 120% YoY was driven by a combination of healthy volume expansion and elevated gold price environment.

Full Year FY26 Achievements

The company's annual performance reinforced its strong market position and growth trajectory:

The full-year volume growth of 15% YoY was supported by steady demand from existing clients and successful onboarding of new customers throughout the year. Revenue increased by over 80% YoY, reflecting both volume expansion and gold price appreciation.

Strategic Client Network Expansion

Shanti Gold International continued strengthening its customer base during FY26 through targeted expansion initiatives. The company witnessed particularly strong traction in northern regions while deepening relationships with existing customers across India. This strategic expansion enhanced the company's reach within the organized jewellery retail ecosystem, contributing to:

• Incremental order volumes from new client partnerships
• Wider market penetration across key Indian markets
• Stronger pan-India presence and distribution network
• Enhanced positioning with organized retail chains

Competitive Advantages and Market Position

The company's success reflects its ability to capitalize on the ongoing shift towards organized sourcing in India's jewellery retail sector. Large organized retail chains are increasingly sourcing jewellery from established manufacturers to reduce supply chain complexity while ensuring design freshness and quality consistency.

Shanti Gold's competitive positioning is strengthened by several key differentiators:

• Design Leadership: Strong design-led capabilities with constant creation of new designs
• Manufacturing Scale: Comprehensive one-stop solution across jewellery categories
• Quality Assurance: Integration of traditional craftsmanship with advanced technology
• Latest Offerings: Ability to offer contemporary designs meeting evolving consumer preferences

The company's modern manufacturing facility in Mumbai spans over 13,448 sq. ft. and combines traditional craftsmanship with advanced technology to deliver elegant, precise, and contemporary designs. Founded in 2003 by Mr. Pankajkumar Jagawat and Mr. Manojkumar Jain, the company operates with offices across key Indian markets, maintaining strong presence in both North and South India.