Shubhlaxmi Jewel Art promoters hold 63.62% stake in FY26

Shubhlaxmi Jewel Art Limited has disclosed that its promoters collectively hold 63.62% of the company's equity shares, amounting to 6,746,000 shares as of March 31, 2026. The company confirmed that no shares held by the promoters or the promoter group were encumbered directly or indirectly during the financial year ended March 31, 2026.

The disclosure was submitted by Narendrasinh Jesingbhai Chauhan, a promoter of the company, on behalf of all promoters and the promoter group. The declaration was filed with the National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Shareholding Details

The breakdown of the promoter shareholding as of March 31, 2026, is detailed below:

Sr. No.	Name	No. of Shares	% of Shares
1	Narendrasinh J Chauhan	6059480	57.14
2	Soham Narendrasinh Chauhan	669000	6.31
3	Jagrutiben N Chauhan	10000	0.09
4	Ranjitsinh Gambhirsinh Solanki	5140	0.05
5	Jignasha Ranjitsinh Solanki	2140	0.02
6	Vilasben Ashokkumar Parmar	240	0.00
7	Kajal Jitendrakumar Chauhan	0	0.00
8	Jitendrakumar J Chauhan	0	0.00
Total	6746000	63.62

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.98%	+18.58%	+1.89%	-24.34%	+40.17%	+69.58%

Shubhlaxmi Jewel Art Limited reported a net profit of ₹106.16 lakh for the financial year ended March 31, 2026, on revenue from operations of ₹6,265.24 lakh. The Board adopted the audited standalone financial results for the year at a meeting held on May 30, 2026. The statutory auditors issued a qualified opinion due to their inability to verify inventory quantities and valuations aggregating ₹4,806.18 lakh, as physical verification was not carried out and independent valuer reports were absent.

The Board approved the reappointment of Mr. Narendrasinh J Chauhan as Chairman and Managing Director for a consecutive term of five years effective May 30, 2026. His remuneration was revised to ₹70 Lakhs per annum effective June 1, 2026, subject to member approval. Mr. Narendrasinh J Chauhan is a promoter of the company with over 30 years of experience in the jewelry business.

In other governance decisions, the Board designated M/s. Parth Nair and Associates as Secretarial Auditor and M/s. A R Parmar & Co as Internal Auditor for FY27. The Board also approved related party transactions with M/s Laxmi Gold Gems Private Limited for the sale, purchase, and labour charges of goods and materials not exceeding ₹15 Crore per annum for FY27.

The Board sanctioned the reclassification of Mr. Jitendrakumar J Chauhan and Mrs. Kajal Jitendrakumar Chauhan from Promoter Group Shareholder to Public Shareholder. This change, subject to approvals from stock exchanges and shareholders pursuant to Regulation 31A of the SEBI (LODR) Regulations, 2015, follows a family settlement agreement. The company confirmed it will remain compliant with minimum public shareholding requirements post-reclassification. On June 3, 2026, the company submitted an application to the National Stock Exchange of India Limited seeking no objection for this reclassification.

Key Financial Metrics for FY26

Particulars	Year ended 31.03.2026 (₹ in lacs)	Year ended 31.03.2025 (₹ in lacs)
Revenue from Operations	6,265.24	5,509.35
Total Revenue	6,266.42	5,509.64
Total Expenditure	6,115.23	5,373.47
Profit for the Year	106.16	90.44
Earnings Per Share (Basic)	1.00	0.85

Key Board Approvals

Particulars	Details
Financial Results	Audited standalone results for FY26 adopted with qualified opinion.
MD Reappointment	Mr. Narendrasinh J Chauhan reappointed for 5 years from May 30, 2026.
Remuneration	Revised to ₹70 Lakhs per annum effective June 1, 2026.
Related Party Transactions	Up to ₹15 Crore p.a. with M/s Laxmi Gold Gems Private Limited.
Shareholder Reclassification	Application submitted to NSE on June 3, 2026 for Mr. Jitendrakumar J Chauhan and Mrs. Kajal Jitendrakumar Chauhan.