Elegant Marbles & Grani Industries Limited , a prominent player in the marble and granite industry, has released its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's performance shows a mixed picture, with revenue growth in the quarter but a decline in profitability compared to the same period last year.

Revenue Growth Amidst Profit Decline

For Q2 FY2026, Elegant Marbles & Grani Industries reported revenue from operations of Rs. 816.98 lakhs, marking a significant increase from Rs. 681.75 lakhs in the previous quarter. However, this figure represents a decrease from Rs. 1,037.88 lakhs recorded in the same quarter of the previous fiscal year. The company's total income for the quarter, including other income, stood at Rs. 869.59 lakhs.

Despite the quarter-on-quarter revenue growth, the company's net profit saw a substantial decline. Q2 FY2026 net profit was reported at Rs. 121.10 lakhs, down from Rs. 255.11 lakhs in the corresponding quarter of the previous year, indicating a year-on-year decrease of about 52.5%.

Half-Year Performance

For the half-year ended September 30, 2025, Elegant Marbles & Grani Industries' revenue from operations stood at Rs. 1,498.73 lakhs, with a net profit of Rs. 204.67 lakhs.

Financial Position

As of September 30, 2025, the company reported total assets of Rs. 15,486.29 lakhs, showing a slight increase from Rs. 15,103.87 lakhs as of March 31, 2025.

Key Financial Metrics

Management Review and Audit

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on October 31, 2025. The statutory auditors, M/s. JD Pawar & Associates, Chartered Accountants, have conducted a limited review of these financial results and expressed an unqualified review opinion.

Investor Information

Elegant Marbles & Grani Industries Limited maintains transparency with its investors. The detailed financial results are available on the BSE Limited website ( www.bseindia.com/corporates ) and the company's official website ( www.elegantmarbles.com ).

The company's performance reflects the ongoing challenges in the marble and granite industry, with fluctuating demand and market conditions.

Elegant Marbles & Grani Industries Limited, a company listed on the Bombay Stock Exchange (BSE: 526705), has announced the appointment of Ms. Arpita Harshad Doshi as its new Company Secretary and Compliance Officer. The appointment, effective August 26, 2025, was approved by the company's Board of Directors following a recommendation from the Nomination and Remuneration Committee.

Key Details of the Appointment

• Appointee: Ms. Arpita Harshad Doshi (Membership No.: A45554)
• Position: Company Secretary and Compliance Officer
• Effective Date: August 26, 2025
• Designation: Key Managerial Personnel under Section 203 of the Companies Act, 2013

Professional Background

Ms. Doshi brings a wealth of experience to her new role at Elegant Marbles & Grani Industries:

• Qualified Company Secretary and Law Graduate
• 10 years of diverse industry experience, including ship-breaking, metallurgy, and entertainment sectors
• Expertise in handling compliances under:
  • Companies Act, 2013
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Foreign Exchange Management Act, 1999

Regulatory Compliance

The appointment aligns with several regulatory requirements:

1. Section 203 of the Companies Act, 2013
2. Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
3. Regulation 6(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
4. Regulation 9(3) read with Regulation 2(1)(c) of SEBI (Prohibition of Insider Trading) Regulations, 2015

Corporate Governance

The Board meeting that approved Ms. Doshi's appointment was held on August 26, 2025, commencing at 12:30 PM and concluding at 1:10 PM. This information was disclosed to the BSE Limited as part of the company's compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment of Ms. Arpita Harshad Doshi is expected to strengthen Elegant Marbles & Grani Industries' corporate governance framework and ensure continued compliance with various regulatory requirements.