SMR Jewels Limited has commenced construction of its Jewellery Studio, utilizing funds raised through its initial public offering. The company marked the start of physical development with a Bhumi Poojan ceremony on August 25, 2026.

The disclosure was made to the BSE Listing Department under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory filing confirms the active deployment of capital for the stated project purpose.

Project Commencement

The company confirmed that the utilization of IPO proceeds is now directed toward the "Construction of Jewellery Studio." The Bhumi Poojan ritual at the designated land site served as the formal initiation of these construction activities.

Management highlighted this event as a significant milestone in the company's growth journey. The firm stated its continued focus remains on long-term value creation and shareholder wealth maximization through this infrastructure expansion.

Regulatory Compliance

The announcement was signed by Jainil Virendra Soni, Whole Time Director. The company provided visual documentation of the ceremony to investors and the exchange, reinforcing transparency regarding the use of public funds.

This disclosure ensures compliance with listing obligations regarding the tracking and reporting of IPO fund utilization for specific corporate purposes.

SMR Jewels Limited has scheduled a board meeting for August 27, 2026, to approve the draft notice for its eighth Annual General Meeting (AGM) and consider key director appointments.

The company, formerly known as SMR Jewels Private Limited, issued an intimation to BSE Limited on August 22, 2026, pursuant to Regulation 29 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The meeting will also address the appointment of a new Chairman and the re-appointment of the Whole Time Director.

Key Agenda Items

The board will deliberate on several critical corporate governance matters. The primary focus includes approving the Directors' Report for FY26, which encompasses the Secretarial Audit Report, Management Discussion & Analysis, and Corporate Governance Report.

The meeting agenda includes:

• Approval of the draft notice for the 8th AGM.
• Appointment of M/s. Govil Rathi & Associates as Secretarial Auditor for five years.
• Recommendation for the re-appointment of Jainil Virendra Soni as Whole Time Director.
• Appointment of Virendra Ramanlal Soni as Director cum Chairman.
• Approval of remuneration for Chief Financial Officer Drashti Pal Modi.
• Consideration of related party transactions requiring shareholder approval.

Governance and Compliance

The board will also appoint a Scrutinizer for e-voting purposes and fix the dates for book closure, cut-off for e-voting, and the e-voting period. The meeting will address any other business with the permission of the Chair.

Jainil Virendra Soni, Whole Time Director, signed the intimation on behalf of the company.