Lypsa Gems & Jewellery Limited announced the outcome of its board meeting held on December 31, 2025, revealing significant corporate restructuring decisions that will require shareholder approval. The board convened at the company's registered office to deliberate on key strategic matters under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Major Board Decisions

The board approved several critical resolutions during the meeting that commenced at 1:00 p.m. and concluded at 3:00 p.m. The key decisions will reshape the company's corporate identity and asset structure.

Shareholder Approval Process

Both the proposed name change and land sale are subject to approval from shareholders through postal ballot and relevant statutory authorities. The board approved the draft notice for the postal ballot, which will be submitted to stock exchanges in compliance with SEBI Listing Regulations.

The company will distribute the postal ballot notice to eligible members via email, and the notice will be hosted on the company's website at www.lypsa.in . This process ensures transparent communication with shareholders regarding these significant corporate decisions.

Administrative Appointments

The board appointed Mrs. Rupal Patel, a practicing Company Secretary, as the scrutinizer for the postal ballot process. This appointment ensures proper oversight and compliance during the shareholder voting process.

Additionally, the board discussed the proposal for appointing an internal auditor but decided to defer this decision for future consideration after further deliberation.

Corporate Structure Changes

The proposed name change from Lypsa Gems & Jewellery Limited to Aurus Gem Corporation Limited will require consequent amendments to the name clause of the company's Memorandum of Association. This change reflects the company's strategic direction and corporate rebranding initiative.

The land sale approval under Section 180(1)(a) of the Companies Act, 2013, represents a significant asset restructuring decision that will impact the company's asset base and potentially provide capital for future operations.

Lypsa Gems Jewellery , a player in the gems and jewellery sector, has announced its financial results for the first quarter. The company has shown a turnaround in profitability despite a significant decline in revenue.

Financial Performance

The Board of Directors of Lypsa Gems & Jewellery Limited approved the unaudited financial results for Q1. Here are the key highlights:

• Profit After Tax: The company reported a profit after tax of ₹2.39 lakhs in Q1, compared to a loss of ₹1,527.81 lakhs in the previous quarter and a profit of ₹7.42 lakhs in the same quarter last year.

• Revenue: Revenue from operations declined to ₹115.04 lakhs in Q1, down from ₹657.74 lakhs in the previous quarter and ₹141.77 lakhs in the corresponding quarter of the previous year.

• Earnings Per Share: Basic and diluted earnings per share stood at ₹0.01 for Q1.

Comparative Analysis

Business Segment and Share Capital

The company continues to operate in a single business segment. Lypsa Gems & Jewellery Limited maintains a paid-up equity share capital of ₹2,948.40 lakhs, with shares having a face value of ₹10 each.

Management Commentary

While specific management comments were not provided, the Board of Directors reviewed the company's business during their meeting. The transition from a significant loss in the previous quarter to a profit in Q1, despite lower revenue, suggests potential cost-cutting measures or improved operational efficiency.

Auditor's Review

B.B. Gusani & Associates, the company's statutory auditors, have carried out a limited review of the Q1 results. They stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Investors and stakeholders should note that these are quarterly results and may not necessarily indicate long-term trends. The company's performance in the coming quarters will be crucial in determining its financial trajectory for the fiscal year.

Note: All financial figures are in Indian Rupees (₹).