Shanti Gold International has announced plans to establish a fully owned subsidiary in the United Arab Emirates (UAE), marking a significant step in the company's international expansion strategy.

Strategic Move into Middle Eastern Market

The Board of Directors of Shanti Gold International, in a meeting held on November 4, 2025, approved the incorporation of a wholly-owned subsidiary named 'Shanti Gold Jewellery Trading LLC' in Dubai, UAE. This strategic move aims to strengthen the company's presence in the Middle East and showcase its jewellery collections to international customers.

Key Details of the Subsidiary

• Name: Shanti Gold Jewellery Trading LLC (subject to approval by local authorities)
• Location: Dubai, United Arab Emirates
• Ownership: 100% owned by Shanti Gold International
• Initial Investment: AED 300,000.00
• Expected Incorporation Date: March 31, 2026

Business Objectives

The new subsidiary will serve as a key hub for:

1. Trading and re-selling of Shanti Gold International's complete range of studded and plain jewellery
2. Showcasing the company's product lines, including brooches, earrings, necklaces, bracelets, rings, and other bespoke creations
3. Enhancing the company's global footprint and brand recognition

Compliance and Regulatory Aspects

The incorporation will be carried out in compliance with:

• Applicable laws in the UAE
• Specific compliances for Dubai Economy & Tourism (DET) Authority Zone
• Foreign Exchange Management Rules, Regulations, and Directions issued by the Reserve Bank of India
• Relevant provisions of the Companies Act

Financial Performance Context

While expanding internationally, Shanti Gold International has also reported strong financial results for Q2 FY2025-26:

This expansion comes after the company's Initial Public Offering (IPO) of 1,50,96,000 equity shares, which were listed on BSE and NSE on August 1, 2025.

The establishment of this UAE subsidiary aligns with Shanti Gold International's long-term vision of positioning itself as a globally recognized brand, representing Indian craftsmanship and contemporary design excellence on the international stage.

Shanti Gold International Limited has reported a strong performance for the second quarter, showcasing robust growth across key financial metrics.

Financial Highlights

The company's financial results for Q2 reveal significant year-over-year improvements:

Revenue and Profitability Surge

Shanti Gold International Limited has demonstrated remarkable growth, with revenue climbing to ₹430.08 crore in Q2 FY2025, a substantial increase from ₹266.07 crore in the same quarter last year. This 61.64% year-over-year growth underscores the company's strong market position and effective business strategies.

The company's profitability saw an even more impressive uptick. Net profit for the quarter surged to ₹43.81 crore, a 373.62% increase from ₹9.25 crore in Q2 FY2024. This substantial growth in bottom line reflects Shanti Gold International Limited's improved operational efficiency and cost management.

Enhanced Operational Efficiency

Shanti Gold International Limited's operational excellence is evident in its EBITDA performance. The company's EBITDA more than tripled to ₹60.60 crore, up from ₹17.30 crore in the corresponding quarter of the previous year. This 250.29% increase in EBITDA demonstrates the company's ability to effectively manage its operations and control costs while expanding its revenue base.

The EBITDA margin saw a significant expansion, reaching 14.09% compared to 6.50% in Q2 FY2024. This 759 basis points improvement in margin indicates enhanced operational efficiency and stronger pricing power in the market.

Management Commentary

Pankajkumar H. Jagawat, Chairman and Managing Director of Shanti Gold International Limited, stated, "Our Q2 results reflect the company's strong fundamentals and successful execution of our growth strategies. The significant improvements across all financial parameters underscore our commitment to creating value for our stakeholders."

Recent Developments

The company recently completed its Initial Public Offering (IPO) of 1,50,96,000 equity shares with a face value of ₹10 each. Following the IPO, Shanti Gold International Limited's shares were listed on both the BSE and NSE on August 1, 2025, marking a significant milestone in the company's growth journey.

Additional Information

The Board of Directors approved the unaudited financial results for the quarter and half-year ended September 30, 2025, in a meeting held on November 4, 2025, from 4:20 p.m. to 5:10 p.m. IST. The company's statutory auditor, J. Kala Associates, issued a Limited Review Report on these financial results. The results were prepared in accordance with Indian Accounting Standard 34 and comply with SEBI listing regulations.

Shanti Gold International Limited operates in the gold business.

Outlook

With its strong financial performance and recent listing on major stock exchanges, Shanti Gold International Limited appears well-positioned for continued growth. The company's ability to significantly improve its profitability and operational efficiency amidst expanding revenues suggests a positive outlook for the coming quarters.