UH Zaveri , a prominent player in the jewelry industry, has announced several significant decisions following its Board of Directors meeting held on September 4, 2025. The company has set forth plans for its upcoming Annual General Meeting (AGM) and made key appointments, signaling important developments for shareholders and stakeholders alike.

Annual General Meeting

The Board has scheduled the 8th Annual General Meeting for September 27, 2025, at 11:00 AM IST. In light of ongoing health and safety considerations, the meeting will be conducted via video conferencing. Shareholders should note that the Register of Members and Share Transfer Books will remain closed from September 21, 2025, to September 27, 2025 (both days inclusive). The cut-off date for e-voting has been set for September 20, 2025, with the e-voting period running from September 24, 2025 (9:00 AM IST) to September 26, 2025 (5:00 PM IST).

Key Appointments

Several crucial appointments were approved during the board meeting, subject to shareholder approval at the upcoming AGM:

1. Secretarial Auditor: Neelam Rathi, a Practicing Company Secretary, has been appointed as the Scrutinizer and Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30.

2. Statutory Auditors: M/s. Shah Karia & Associates (ICAI Firm Registration No. 131546W), Chartered Accountants, have been appointed as the Statutory Auditors for the same five-year period.

3. Managing Director: Mr. Hitesh Mahendrakumar Shah (DIN: 07907609) has been re-appointed as Managing Director for an additional five-year term, effective December 28, 2025.

Increase in Authorised Share Capital

The Board has approved a significant increase in the company's Authorised Share Capital, subject to shareholder approval. The capital will be raised from Rs. 10.25 crore to Rs. 30.75 crore by creating an additional 2.05 crore equity shares of Rs. 10 each. The proposed structure will be:

This substantial increase in authorised capital could potentially provide UH Zaveri with greater flexibility for future fundraising or corporate actions.

Implications and Outlook

These decisions by UH Zaveri's Board of Directors reflect a forward-looking approach, with the reappointment of key personnel ensuring continuity in leadership and governance. The significant increase in authorised share capital, in particular, may indicate the company's preparedness for potential expansion or strategic moves in the coming years.

Shareholders and investors will be keenly watching the upcoming AGM, where these important resolutions will be put to vote. The outcomes of these decisions could have a substantial impact on UH Zaveri's future trajectory in the competitive jewelry market.

As the company moves forward with these plans, stakeholders will be eager to see how these changes translate into business growth and value creation in the long term.

UH Zaveri , a company listed on the Bombay Stock Exchange (BSE: 541338), has announced its unaudited standalone financial results for the first quarter ended June 30, 2025. The jewelry retailer reported a mixed performance with revenue growth but a year-on-year decline in profitability.

Financial Highlights

• Revenue Growth: The company's revenue from operations increased to Rs 559.86 lakhs in Q1 FY26, up from Rs 551.18 lakhs in the same quarter of the previous year, marking a modest growth of 1.57%.

• Sequential Improvement: Compared to the previous quarter (Q4 FY25), where revenue stood at Rs 393.05 lakhs, the company has shown a significant quarter-on-quarter growth of 42.44%.

• Profit Decline: Net profit for Q1 FY26 was Rs 1.57 lakhs, down from Rs 13.18 lakhs in the corresponding quarter of the previous year, representing a substantial year-on-year decrease of 88.09%.

• Sequential Profit Growth: Despite the year-on-year decline, the company's net profit improved from Rs 0.48 lakhs in the preceding quarter (Q4 FY25).

• Earnings Per Share: Basic earnings per share (EPS) stood at Rs 0.02 for the quarter.

Operational Performance

The company's total expenses for the quarter were Rs 557.79 lakhs, with the purchase of stock-in-trade being the major expense component at Rs 416.54 lakhs. This indicates that UH Zaveri continues to invest significantly in inventory to support its operations.

Corporate Actions

The Board of Directors approved these unaudited standalone financial results in a meeting held on August 11, 2025. The results were reviewed by the Audit Committee before being presented to the Board. The company's paid-up equity share capital remained unchanged at Rs 1,019.40 lakhs.

Financial Position

The financial table highlights the company's performance across key metrics for the current quarter, previous quarter, and the same quarter of the last fiscal year.

Conclusion

UH Zaveri has demonstrated revenue growth both year-on-year and quarter-on-quarter. However, the company faces challenges in maintaining profitability levels compared to the previous year. Investors and stakeholders will likely be watching closely to see how the company addresses these profitability challenges while maintaining its revenue growth in the coming quarters.