Uday Jewellery Industries Limited has announced its 26th Annual General Meeting (AGM) to be held on Monday, September 29, 2025, at 12:00 PM IST through video conferencing. The company has also disclosed important dates and corporate actions related to the AGM.

Key Dates

• AGM Date: September 29, 2025
• Book Closure: September 22-29, 2025 (both days inclusive)
• Cut-off Date for E-voting Eligibility: September 19, 2025
• Remote E-voting Period: September 26, 2025 (9:00 AM) to September 28, 2025 (5:00 PM)

E-voting and Participation

Shareholders can participate in the AGM through video conferencing and cast their votes electronically. The company has engaged Central Depository Services (India) Limited (CDSL) to provide the e-voting facility. Members holding shares as of the cut-off date will be eligible to vote electronically or during the AGM.

Special Business Items

The AGM agenda includes several special business items for shareholder approval:

1. Approval of material related party transactions
2. Increase in borrowing powers and creation of charge on assets
3. Appointment of Mr. Dileep Kumar Jain as an Independent Director
4. Re-appointment of Mr. Sunil Garg as an Independent Director
5. Appointment of Mrs. Pritha Sanghi as Whole Time Director
6. Approval of remuneration for Mr. Ritesh Kumar Sanghi, Managing Director
7. Appointment of CS. Arpita Dhar as Secretarial Auditor

Board Recommendations

The Board of Directors has recommended these resolutions for shareholder approval. The company believes these actions will contribute to its growth strategy and strengthen corporate governance.

Accessing AGM Documents

The Notice of the 26th AGM, along with the Annual Report for FY 2024-25, has been sent electronically to shareholders whose email addresses are registered with the company or depository participants. These documents are also available on the company's website.

Uday Jewellery Industries Limited encourages all eligible shareholders to participate in the AGM and exercise their voting rights on the proposed resolutions.

Uday Jewellery Industries Limited has reported impressive financial results for the first quarter, alongside significant board-level changes and upcoming corporate actions.

Strong Financial Performance

The company witnessed a remarkable surge in its financial metrics for Q1:

The company's revenue from operations saw a substantial increase of 172.10% year-over-year, rising from Rs 414.86 lakhs to Rs 1,128.98 lakhs. This growth was accompanied by an even more impressive rise in net profit, which jumped by 196.80% from Rs 261.52 lakhs to Rs 776.08 lakhs.

The robust performance is also reflected in the company's earnings per share (EPS), which stood at Rs 3.39 for the quarter, up from Rs 1.19 in the corresponding quarter of the previous year.

Board Appointments and Reappointments

In a board meeting held on August 9, 2025, Uday Jewellery Industries made several key decisions regarding its leadership:

1. Re-appointment of Mr. Sunil Garg: The board approved the re-appointment of Mr. Sunil Garg as a Non-Executive Independent Director for a term of five years, effective from August 9, 2025. Mr. Garg brings valuable experience from his current role as an Independent Director at Narbada Gems & Jewellery Ltd., where he has been serving since August 2020.

2. Appointment of Mr. Dileep Kumar Jain: The board appointed Mr. Dileep Kumar Jain as an Additional Non-Executive Independent Director. Mr. Jain is a seasoned banking and finance professional with over 40 years of experience, including 22 years in development banking with IFCI Ltd. and 18 years in commercial banking with institutions like The Bank of Rajasthan and Punjab National Bank.

Corporate Actions and Future Plans

The board meeting also addressed several other important matters:

• Related Party Transactions: Approval was granted for related party transactions for the fiscal year 2025-26.

• Scheme of Arrangement: The board noted a scheduled equity shareholders meeting on August 21, 2025, regarding a scheme of arrangement between Narbada Gems & Jewellery Limited and Uday Jewellery Industries Limited.

• Authorized Signatories: Mr. Tejas Sanghi and Mr. Uday Sanghi were added as authorized signatories for approving day-to-day transactions and operations in the company's demat account with India International Depository IFSC Limited.

Conclusion

Uday Jewellery Industries Limited's strong Q1 performance, coupled with strategic board appointments and upcoming corporate actions, signals a positive outlook for the company. The significant growth in revenue and profitability demonstrates the company's robust business model and effective execution of its strategies in the jewellery sector.