Uday Jewellery Industries reported a net profit of ₹3576.78 lakh for the financial year ended March 31, 2026, a 127% increase from ₹1575.40 lakh in the previous year. Revenue from operations for FY26 stood at ₹72563.09 lakh, compared to ₹37175.92 lakh in FY25. The Board approved the audited financial results for the quarter and year ended March 31, 2026, along with the Statutory Audit Report with an unmodified opinion. The company published the audited financial results in the Financial Express and Namasthe Telangana newspapers on May 29, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

For the quarter ended March 31, 2026, the company recorded a net profit of ₹1066.17 lakh, a significant rise from ₹180.99 lakh in the corresponding period of the previous year. Revenue for Q4FY26 was ₹22634.57 lakh, up from ₹10634.20 lakh in Q4FY25. The financial results reflect the impact of the merger with Narbada Gems and Jewellery Limited, approved by the National Company Law Tribunal on January 21, 2026, with an appointed date of April 1, 2024. Consequently, comparative figures for the prior periods have been restated to present the standalone performance of the combined entity.

Dividend Declaration

The Board recommended a final dividend of ₹0.5 per equity share, or 5%, for the financial year ended March 31, 2026. The dividend is subject to approval by shareholders at the ensuing Annual General Meeting. If approved, it will be credited or dispatched to members within 30 days of the declaration. The Board also approved opening a Dividend Distribution Account with Kotak Mahindra Bank Limited to facilitate the payment.

Governance and Appointments

The Board accepted the resignation of Mr. Balasubramanyam Danturti from the office of Independent Director, effective from the close of business hours on May 21, 2026, due to personal reasons. Following this, the Board reconstituted the Audit Committee by inducting Ms. Srilekha Donthineni as a member. Additionally, the Board appointed M/s. Aheer & Associates, Chartered Accountants, as the Internal Auditors for FY 2026-27.

Strategic Approvals

The Board approved a proposal to list 3,40,52,925 securities of the company on the National Stock Exchange of India Limited (NSE) through Direct Listing norms. The meeting also reviewed and approved related party transactions, including a lease of fixed assets from Sanghi Jewellers Private Limited. The Board took note of the closure of preferential issue bank accounts and authorized the completion of related banking formalities.

Uday Jewellery Industries Limited has appointed M/s. Aheer & Associates, Chartered Accountants, as its internal auditor for the financial year 2026-27. The Board of Directors approved the appointment at its meeting held on May 28, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Appointment Details

M/s. Aheer & Associates, a Hyderabad-based firm, will serve as the internal auditor for the company. The firm's registration number is 018280S. The appointment is effective for the financial year 2026-27.

Regulatory Filing

The intimation regarding the change in management was submitted to BSE Limited. The filing was made by Sanjay Kumar Sanghi, Managing Director (Corporate Affairs), on May 28, 2026. The company's BSE scrip code is 539518.