Asian Star Company Limited has announced its financial results for the quarter ended December 31, 2025, following the board meeting held on February 11, 2026. The company reported consolidated net profit of ₹977.90 lacs on revenue of ₹66,008.61 lacs for Q3FY26.

Financial Performance Overview

The board of directors approved the unaudited financial statements for the quarter ended December 31, 2025, during their meeting held at the registered office. The consolidated results show the company's performance across its diamond and jewellery business segments.

Standalone Performance

The standalone financial results showed net sales of ₹49,178.56 lacs for Q3FY26 compared to ₹54,537.91 lacs in the corresponding quarter of the previous year. Standalone net profit after tax stood at ₹761.03 lacs versus ₹934.13 lacs in Q3FY25.

Segment-wise Revenue Performance

The company operates primarily in two business segments - diamonds and jewellery. For Q3FY26, the diamonds segment generated revenue of ₹30,552.93 lacs while the jewellery segment contributed ₹22,577.93 lacs.

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported consolidated net profit of ₹4,082.07 lacs on total income of ₹2,15,500.01 lacs. The nine-month consolidated revenue stood at ₹2,13,603.49 lacs compared to ₹2,10,144.37 lacs in the corresponding period of the previous year.

Board Meeting and Compliance

The board meeting commenced at 11:30 AM and concluded at 02:20 PM on February 11, 2026. The results were approved pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were subjected to limited review by V.A. Parikh & Associates LLP, the company's statutory auditors.

Regulatory Updates

The company noted the implementation of New Labour Codes effective November 21, 2025, and has estimated past service cost of gratuity at ₹1.55 lacs under employee benefits expense based on legal opinion and existing wage structure review.

Asian Star Company Limited has announced the conversion of its associate entity M/s Shah Manufacturers from a Partnership Firm to a Limited Liability Partnership (LLP). The company's Board approved this conversion through a circular resolution dated December 19, 2025.

Board Approval and Regulatory Compliance

The Board of Directors of Asian Star Company Limited approved the proposed conversion through a circular resolution dated December 19, 2025. The decision was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.

Director Interests and Disclosures

All partners of M/s Shah Manufacturers are Directors of Asian Star Company Limited and have properly disclosed their interests as required under the Companies Act, 2013. This transparency ensures compliance with corporate governance requirements and maintains the integrity of the conversion process.

Financial and Operational Impact

The conversion will not involve any transfer of assets or liabilities of Asian Star Company Limited. The only exception relates to the continuation of existing trade receivables and payables, which will transfer to the Limited Liability Partnership by operation of law. The company has clarified that this conversion does not constitute a related party transaction under Section 188 of the Companies Act, 2013.

Corporate Structure Enhancement

The conversion from Partnership Firm to Limited Liability Partnership represents a structural enhancement for the associate entity. This change will provide better legal protection and operational flexibility while maintaining the existing business relationships and obligations that will seamlessly transfer to the new LLP structure.

Asian Star Company Limited has confirmed that this disclosure fulfills all applicable provisions under SEBI (LODR) Regulations, 2015, demonstrating the company's commitment to transparent corporate governance and regulatory compliance.