SMR Jewels reported a robust financial performance for FY26, with revenue from operations surging 64.2% year-on-year to ₹4,323.7 crore. The Ahmedabad-based jewellery manufacturer also posted a net profit of ₹247.5 crore for the year ended March 31, 2026, more than doubling the previous year's figure of ₹107.7 crore.

The company submitted its Annual Report for FY26 to BSE Limited on August 29, 2026, pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the financial disclosures, the board approved the draft notice for its eighth Annual General Meeting (AGM), scheduled for September 24, 2026.

Financial Performance Highlights

The significant growth in top-line revenue was accompanied by improved profitability metrics. Profit before tax rose to ₹328.1 crore from ₹145.6 crore in FY25. Earnings per share (basic and diluted) stood at ₹16.89 for FY26, compared to ₹7.35 in the preceding fiscal year.

Key Corporate Governance Updates

The board meeting held on August 27, 2026, addressed several critical governance matters ahead of the AGM. Key appointments and approvals included:

• Director Appointments: Virendra Ramanlal Soni was appointed as Director cum Chairman. Jainil Virendra Soni is up for re-appointment as Whole Time Director, retiring by rotation.
• Secretarial Auditor: M/s. Govil Rathi & Associates was recommended for appointment as Secretarial Auditor for five years, subject to shareholder approval.
• Company Secretary Change: Sangita Rajpurohit resigned as Company Secretary and Compliance Officer effective August 26, 2026. Ms. Pooja Shankerlal Shah was appointed as her successor effective August 27, 2026.
• Related Party Transactions: Shareholder approval was sought for transactions with Ekatva Jewels, including sales and purchases of goods valued at ₹25 crore each for FY27.

AGM Schedule and Voting Details

The 8th AGM will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Remote e-voting will be available from September 21, 2026, to September 23, 2026. The cut-off date for e-voting eligibility is September 17, 2026, with the book closure period running from September 18, 2026, to September 24, 2026.

M/s. Govil Rathi & Associates has been appointed as the Scrutinizer for e-voting purposes. Members holding shares in demat mode can vote through their depository participants or directly via the Purva e-voting system.

What the Numbers Show

The company’s net profit margin expanded to 5.72% in FY26 from 4.09% in FY25, indicating improved operational efficiency alongside revenue growth. However, the trade receivables turnover ratio declined to 29.70 from 45.02, suggesting a lengthening of credit periods offered to customers during the period of rapid sales expansion.

SMR Jewels announced the launch of a new heritage-inspired jewellery collection on August 26, 2026. The release integrates traditional Indian mythology and art into contemporary designs.

The company disclosed this milestone under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The move signals a strategic push towards originality and craftsmanship in the jewellery market.

Collection Details

The new range features several distinct series rooted in Indian culture and temple artistry. Key offerings include:

• Shiva-inspired motifs
• "Shri Krishna – Vrindavan Leela" series
• Signature Damru Necklace
• Pichwai-inspired creations
• Cow-story jewellery
• Designs celebrating timeless stories of love and devotion

These pieces aim to transform meaningful heritage narratives into distinctive, wearable jewellery for modern consumers.

Strategic Outlook

SMR Jewels stated that the launch reinforces its commitment to developing a unique heritage-led design language. The company expects this initiative to strengthen its growth trajectory and enhance long-term value creation for investors.

The disclosure was signed by Jainil Virendra Soni, Whole Time Director of SMR Jewels Limited.