Tavernier Resources Limited has announced a strategic shift in its business focus, along with impressive financial results for the fiscal year 2024-25. The company is set to enter the film production and digital marketing sectors, marking a significant departure from its previous operations in jewelry and real estate.

Business Expansion and Restructuring

The Board of Directors has approved an alteration to the company's main object clause, subject to shareholder approval. This amendment will allow Tavernier Resources to engage in producing, directing, editing, distributing, and marketing films, documentaries, television shows, and web series. The company also plans to establish and manage film production houses and studios, as well as acquire and license intellectual property rights related to audio-visual content.

In line with this new direction, Tavernier Resources has already secured its first major client in the digital marketing space. The company has entered into an agreement with Jetech Consulting Inc, an international entity, to provide social media and other digital marketing services for a one-year period. The contract is valued at approximately Rs. 22.02 lakhs (USD $25,000) annually.

Financial Performance

For the fiscal year ended March 31, 2025, Tavernier Resources reported a significant turnaround in its financial performance:

Capital Structure and Future Plans

To support its new ventures, Tavernier Resources is planning to increase its authorized share capital from Rs. 7 crores to Rs. 8 crores, subject to shareholder approval. This will be divided into 80 lakh equity shares of Rs. 10 each.

Mokshaben Ravjibhai Patel, Whole-Time Director of Tavernier Resources, stated, "Our strategic pivot towards film production and digital marketing represents an exciting new chapter for Tavernier Resources. We are confident that these high-growth sectors will provide significant opportunities for the company and create value for our shareholders."

The company's transition to an asset-light model, focusing on outsourcing and flexibility, is expected to position it well in the competitive and fast-evolving digital content and marketing landscapes.

Tavernier Resources will hold its 31st Annual General Meeting on September 30, 2025, where shareholders will vote on these strategic changes and review the company's performance.

As Tavernier Resources embarks on this new journey, investors and industry observers will be keenly watching how the company leverages its resources and expertise to establish itself in the dynamic worlds of film production and digital marketing.

Tavernier Resources Limited has announced a strategic move to enhance its digital presence by signing a one-year agreement with Jetech Consulting Inc, an international entity, for social media and digital marketing services.

Contract Details

The agreement, which falls under the company's ordinary course of business, comes with an annual fee of USD $25,000, approximately Rs. 22.02 lakhs. This partnership aims to bolster Tavernier Resources' online visibility and marketing efforts.

Key Points of the Agreement

• Duration: One year
• Services: Social media and digital marketing
• Partner: Jetech Consulting Inc (an international entity)
• Financial Terms: USD $25,000 (approx. Rs. 22.02 lakhs) per year

Regulatory Compliance

Tavernier Resources Limited has duly informed the BSE Limited about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided details as per SEBI Circular no SEBI/HO/CFD/CFD‐PoD‐1/P/CIR/2023/123 dated July 13, 2023.

Company Stance

Mokshaben Ravjibhai Patel, Whole-Time Director of Tavernier Resources, signed off on the regulatory filing, emphasizing the company's commitment to transparency in its business operations.

Additional Information

• The agreement does not involve any promoter group interest.
• The transaction does not fall under related party transactions.
• Specific terms and conditions of the service will be mutually agreed upon between Tavernier Resources and Jetech Consulting Inc.

This strategic partnership underscores Tavernier Resources' focus on enhancing its digital marketing capabilities, potentially aiming to improve its market presence and stakeholder engagement through professional social media and digital marketing services.