Swarnsarita Jewels board to consider FY26 results on May 30

Swarnsarita Jewels India Limited has scheduled a board meeting on May 30, 2026, to consider and approve the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. The meeting will be held at the company's registered office in Mumbai at 05:00 P.M. IST. The approval of these results is a key regulatory compliance requirement, providing shareholders with a comprehensive view of the company's financial performance for the full fiscal year.

Agenda Items

The board will deliberate on the audited financial results for both standalone and consolidated accounts. Additionally, the directors will consider the appointment of M/s. Viral P Shah & Co., Chartered Accountants, Ahmedabad, as the internal auditor for the financial year 2026-27. Any other matter with the permission of the Chair may also be taken up during the meeting.

Trading Window Closure

Pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for the company's securities has been closed since April 1, 2026. This closure will remain in effect until 48 hours after the announcement of the financial results on May 30, 2026. During this period, designated persons, including promoters, directors, and connected persons, are prohibited from trading in the company's shares or securities.

Compliance and Regulatory References

The intimation was submitted to BSE Limited pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015. The company has adhered to the circulars issued by the exchange regarding insider trading regulations and the closure of the trading window during the results announcement period.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.32%	-1.11%	-3.18%	+0.58%	-8.10%	+146.22%

Swarnsarita Jewels India Limited has completed its open offer under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the Post Offer Advertisement published on May 06, 2026. The offer was made by Mr. Mahendra Madanlal Chordia (Acquirer 1), Mrs. Asha M Chordia (Acquirer 2), and Mr. Sunny Mahendra Chordia (Acquirer 3), along with Swarnsarita Jewellers Private Limited as the Person Acting in Concert (PAC). Mark Corporate Advisors Private Limited acted as the Manager to the Offer, while MUFG Intime India Private Limited served as the Registrar to the Offer.

Open Offer Key Details

The open offer was initiated for the acquisition of up to 47,94,987 fully paid-up equity shares of face value ₹10 each, representing 22.97% of the voting share capital of the Target Company, at a price of ₹32.15 per equity share. The Detailed Public Statement was published on January 28, 2026, and the Letter of Offer was dated March 18, 2026. The following table summarises the key dates and parties involved in the offer:

Parameter:	Details
Target Company:	Swarnsarita Jewels India Limited
Acquirer 1:	Mr. Mahendra Madanlal Chordia
Acquirer 2:	Mrs. Asha M Chordia
Acquirer 3:	Mr. Sunny Mahendra Chordia
PAC:	Swarnsarita Jewellers Private Limited
Manager to the Offer:	Mark Corporate Advisors Private Limited
Registrar to the Offer:	MUFG Intime India Private Limited
Offer Opening Date:	Monday, April 06, 2026
Offer Closing Date:	Monday, April 20, 2026
Payment of Consideration:	Wednesday, April 29, 2026
DPS Publication Date:	January 28, 2026

Offer Outcome: Proposed vs. Actual

Against the proposed acquisition of up to 47,94,987 equity shares, the actual number of shares tendered and accepted stood at 17,05,843 equity shares. The total consideration paid for the accepted shares amounted to ₹5,48,42,852.45 (excluding brokerage and other charges), compared to the proposed offer size of ₹15,41,58,832.05. The following table presents a detailed comparison of proposed and actual figures:

Particulars:	Proposed	Actual
Offer Price (per equity share):	₹32.15	₹32.15
Shares Tendered:	Up to 47,94,987	17,05,843
Shares Accepted:	Up to 47,94,987	17,05,843
Offer Size (₹):	₹15,41,58,832.05	₹5,48,42,852.45
Shares Acquired via Open Offer:	47,94,987 (22.97%)	17,05,843 (8.17%)
Shares Acquired via Share Purchase Agreement:	Nil	Nil
Shares Acquired after DPS:	Nil	Nil

Shareholding Changes: Pre and Post Offer

The shareholding of the acquirers and the PAC prior to the public announcement stood at 1,08,62,613 equity shares, representing 52.03% of the voting share capital. Following the completion of the open offer, their combined post-offer shareholding stands at 1,25,68,456 equity shares, representing 60.20% of the voting share capital. Correspondingly, the public shareholding has moved from 1,00,14,187 equity shares (47.97%) before the offer to 83,08,344 equity shares (39.80%) after the offer.

Shareholding:	Pre-Offer (No. of Shares)	Pre-Offer (%)	Post-Offer (No. of Shares)	Post-Offer (%)
Acquirers & PAC:	1,08,62,613	52.03%	1,25,68,456	60.20%
Public:	1,00,14,187	47.97%	83,08,344	39.80%

Note: Acquirer and PAC shareholding figures include 50,000 equity shares held in aggregate by other promoters (Mahendra Madanlal Chordia HUF — 30,000 shares and Seema Rajendra Chordia — 20,000 shares) who are not part of this open offer.

Post Offer Advertisement Publication

In compliance with Regulation 18(12) of SEBI (SAST) Regulations, 2011, the Post Offer Advertisement was published in the same newspapers where the Detailed Public Statement had originally appeared:

Business Standard (English) — All Editions
Business Standard (Hindi) — All Editions
Navshakti (Marathi) — Mumbai Edition

The acquirers and the PAC have accepted full responsibility for the information contained in this Post Offer Advertisement and for their obligations under SEBI (SAST) Regulations, 2011. A copy of the advertisement is available on the websites of SEBI and BSE Limited, and has been dispatched to the registered office of the Target Company.