U. H. Zaveri Limited has appointed M/s P H Shah and Co. as its statutory auditor for a term of five consecutive financial years. The appointment covers the period from FY27 to FY31, subject to shareholder approval.

The Board of Directors approved the move on September 3, 2026, following a recommendation from the Audit Committee. The firm will commence its tenure from April 1, 2026.

Auditor Profile

P H Shah & Co., founded in 1996, operates offices in Ahmedabad and Nadiad, Gujarat. The chartered accountancy firm provides audit and assurance, taxation, GST compliance, corporate finance, and business advisory services.

Regulatory Compliance

The company issued the intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders must ratify the appointment at the forthcoming Annual General Meeting.

U. H. Zaveri Limited reported a net profit of ₹2.03 lakh for the quarter ended June 30, 2026, up 29% from ₹1.57 lakh in the corresponding period of FY26. The Ahmedabad-based diamond merchant saw revenue from operations rise 17% year-on-year to ₹654.10 lakh, reflecting steady demand in its primary business segment. The company’s Board of Directors approved the unaudited standalone financial results on August 07, 2026, following review by the Audit Committee.

The profit growth was supported by disciplined cost management, with total expenses standing at ₹651.48 lakh compared to ₹557.79 lakh in Q1FY26. Purchase of stock-in-trade accounted for ₹273.05 lakh, while changes in inventories contributed ₹360.95 lakh to expenses. Employee benefit expenses decreased slightly to ₹6.83 lakh from ₹7.82 lakh in the prior year quarter, and other administrative expenses fell to ₹10.63 lakh from ₹15.15 lakh.

Financial Performance Overview

Basic earnings per share stood at ₹0.01 for the quarter, down from ₹0.02 in Q1FY26, primarily due to the increase in paid-up equity share capital to ₹3,058.20 lakh from ₹1,019.40 lakh in the previous year. Diluted EPS remained unchanged at ₹0.01.

What the Numbers Show

The near-proportional growth in revenue and expenses indicates stable operating margins, with profit before tax expanding marginally faster than top-line growth. The significant reduction in administrative expenses suggests improved operational efficiency, contributing to the bottom-line improvement despite higher inventory-related costs. The absence of other income or exceptional items confirms that the profit growth was derived entirely from core business operations.

Shah Karia & Associates, the independent auditors, issued a limited review report on the financial statements, confirming compliance with Indian Accounting Standard 34 and SEBI Listing Regulations. The trading window for designated persons closed effective July 01, 2026, and will reopen 48 hours after the results announcement.