Shringar House of Mangalsutra Limited has been honoured with the “Mangalsutra Manufacturer of the Year” award at the India International Jewellery Awards (IIFA) 2026. The recognition underscores the company’s standing in the specialized jewellery manufacturing sector.

The awards ceremony, held in Mumbai on October 5, 2026, was organised by the India Bullion & Jewellers Association (IBJA) and Tefla's. The honour was presented by actor Arbaaz Khan alongside leading industry stalwarts. This event brings together industry leaders, prominent retailers, and representatives from major jewellery chains to celebrate excellence within the trade.

Strategic focus on category leadership

For Shringar, this recognition reflects a long-standing focus on the mangalsutra category and continued collaboration with retail partners across India. The company emphasises developing collections that honour the cultural significance of the mangalsutra while responding to evolving consumer preferences. Chetan Thadeshwar, Managing Director, noted that creating these pieces requires a balance of tradition, craftsmanship, and quality. Viraj Thadeshwar, CEO, added that the award validates their responsibility to offer relevance and value to retailers amidst changing market dynamics.

Operational scale and client base

The company operates as a specialised designer and distributor of mangalsutras, maintaining a portfolio of over 15 distinct collections and more than 10,000 active SKUs. Its operations are supported by an in-house team comprising 30 designers and 316 skilled karigars, facilitating execution from concept to final product.

The company serves a broad customer base across 24 states and 4 union territories. Its clientele includes corporate buyers, wholesale distributors, and retail partners. Prominent corporate customers include Malabar Gold, Titan, Reliance Retail, Novel Jewel, Joyalukkas, PN Gadgil Jewellers, and Kalyan Jewellers.

Shringar House of Mangalsutra Limited held its 17th Annual General Meeting on September 28, 2026, via video conferencing. The meeting focused on financial adoption and governance updates for FY26.

Members adopted the audited standalone financial statements for the year ended March 31, 2026. A special resolution was passed to increase the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013. This move signals potential capital expenditure or working capital needs in the coming fiscal period.

Voting outcomes and shareholder support

The company disclosed detailed voting results pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All six resolutions passed with overwhelming support from shareholders who participated via remote e-voting through NSDL.

The financial statements adoption and the reappointment of Mr. Viraj Thadeshwar received 99.9998% votes in favour. The special resolution to increase borrowing limits secured 99.9976% support. Remuneration revisions for executive directors also passed with high margins, ranging from 99.9941% to 99.9963% in favour.

Director reappointments and remuneration

The board addressed leadership continuity and compensation adjustments. Mr. Viraj Thadeshwar was reappointed as Executive Director and CEO following his retirement by rotation. Additionally, shareholders approved increases in remuneration for three key executive directors for the period from April 1, 2026, to November 21, 2027.

Governance and voting details

The meeting commenced at 3:00 pm and concluded at 3:45 pm. All eight directors attended virtually, including Chairman and Managing Director Mr. Chetan Natvarlal Thadeshwar. Statutory auditors T R Chadha & Co LLP and secretarial auditors TVA & Co. LLP were present.

Voting results were scrutinized by Mr. Tanuj Vohra of TVA & Co. LLP. The company provided e-voting facilities through NSDL for members unable to attend remotely. The summary of proceedings and voting outcomes will be submitted to stock exchanges as per SEBI Listing Regulations.