Swarnsarita Jewels India Limited reported a consolidated net profit of ₹1,213.83 lakh for the financial year ended March 31, 2026, marking a significant increase from ₹530.26 lakh in the previous year. The company's revenue from operations rose to ₹86,821.46 lakh in FY26 from ₹76,136.97 lakh in FY25. The board approved the audited standalone and consolidated financial results at a meeting held on May 30, 2026.

Financial Performance

The standalone net profit for the year stood at ₹1,163.20 lakh, compared to ₹728.78 lakh in the prior year. Total income for the standalone entity increased to ₹79,611.72 lakh from ₹67,956.07 lakh. For the quarter ended March 31, 2026, the company reported a standalone net loss of ₹87.40 lakh, while the consolidated net loss for the same quarter was ₹678.48 lakh.

Operational Metrics

The board approved the appointment of M/s. Viral P Shah & Co., Chartered Accountants, Ahmedabad, as the internal auditor for FY26-27. Additionally, the directors approved the revision of the loan policy for all employees, including directors and key managerial personnel, in line with Section 185 of the Companies Act, 2013.

Audit and Compliance

M/s. Banshi Jain and Associates, Chartered Accountants, issued an audit report with an unmodified opinion on the financial results. The trading window for the company's securities, which had been closed since April 1, 2026, will reopen 48 hours after the announcement of the financial results. The intimation was submitted to BSE Limited pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015.

Swarnsarita Jewels India Limited has appointed Mr. Jash Amit Adani as an Additional Director in the Non-Executive-Independent Director category for a term of five years effective May 28, 2026. The appointment is subject to the approval of the company's shareholders. Mr. Adani is not related to any existing director and satisfies the independence criteria prescribed under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors approved the appointment at its meeting held on May 28, 2026. Mr. Adani holds a Directors Identification Number (DIN) 11746006 and brings over five years of experience in the e-commerce industry, with expertise in finance and strategic matters. He is a post-graduate in Management (Finance) from IBS Mumbai and a graduate in Accounts and Finance from S M Shetty College Mumbai.

Following the appointment, the Board reconstituted its key committees to ensure compliance with the Companies Act, 2013 and SEBI LODR Regulations, 2015. Mr. Adani has been inducted into the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee.

Committee Composition

The composition of the reconstituted committees is detailed below:

The above composition applies to the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee. Deep Shailesh Lakhani serves as the Chairman for all three committees.