Viram Suvarn Ltd has approved the re-appointment of its Managing Director and an Independent Director for five-year terms, ensuring continuity in leadership. The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved these re-appointments during a meeting held on July 20, 2026. The decisions are subject to the approval of shareholders at the ensuing General Meeting.

Re-appointment of Managing Director

The Board approved the re-appointment of Mr. Mahendra Ramniklal Shah as the Managing Director of the company for a further term of five years. His tenure is set to commence on August 10, 2026, and conclude on August 9, 2031. Mr. Shah, who has over 30 years of experience in the jewellery and ornaments industry, currently oversees the procurement of top-quality jewellery, managing sourcing, supplier negotiations, and inventory optimization.

Re-appointment of Independent Director

Mr. Sanjay Chunilal Vibhakar has been re-appointed as an Independent Director for a second term of five consecutive years. His term will extend until June 20, 2031, pending shareholder approval. Mr. Vibhakar brings over 25 years of experience in business and media, with a strong foundation in the wholesale gold and jewellery sector.

Key Details of Appointments

The following table summarizes the key details of the re-appointments:

The Board confirmed that neither director is debarred from holding the office of director by virtue of any SEBI order or any other authority. The disclosures regarding these re-appointments were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Viram Suvarn reported a net profit of ₹757.70 lakh for the financial year ended March 31, 2026, marking a 122% increase from ₹340.89 lakh in the previous year. The company's revenue from operations for FY26 stood at ₹2,459.78 lakh, compared to ₹2,648.20 lakh in FY25. The Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 27, 2026.

M/s. Shah Karia & Associates, Chartered Accountants, the statutory auditors, issued an audit report with an unmodified opinion on the standalone financial statements for FY26. The audit confirmed that the financial results give a true and fair view in conformity with the applicable Indian Accounting Standards (Ind AS). The trading window for the company's securities has been closed since April 1, 2026, and will remain closed until 48 hours after the declaration of the financial results.

The company's total assets increased to ₹6,584.03 lakh in FY26 from ₹2,710.12 lakh in FY25. Equity share capital rose to ₹2,269.23 lakh from ₹1,512.82 lakh in the previous year. Other equity also saw a significant rise, reaching ₹4,093.63 lakh in FY26 compared to ₹1,017.70 lakh in FY25. The balance sheet reflects a strong capital base with total equity and liabilities at ₹6,584.03 lakh.

Financial Performance

The profit before tax for FY26 was reported at ₹993.24 lakh, up from ₹450.59 lakh in the previous year. For the quarter ended March 31, 2026, the company posted a net profit of ₹139.07 lakh. Total expenses for the year were ₹1,508.87 lakh, a decrease from ₹2,197.51 lakh in FY25. The basic earnings per share for FY26 improved to ₹0.67 from ₹0.45 in the previous year.

Cash Flow Statement

The net cash used in operating activities for FY26 was ₹2,195.95 lakh, compared to a net cash inflow of ₹237.64 lakh in the previous year. Investing activities resulted in a net cash outflow of ₹888.72 lakh. Financing activities provided a significant cash inflow of ₹3,074.75 lakh, driven by proceeds from the issue of shares and securities premium. Cash and cash equivalents at the end of FY26 stood at ₹13.69 lakh.