Zodiac Jrd Mkj , a company engaged in trading of diamonds, jewellery, and precious/semi-precious stones, has announced its financial results for the second quarter and half-year ended September 30, 2025. The company's board of directors approved the unaudited financial statements during a meeting held on November 12, 2025.

Key Financial Highlights (Consolidated)

Financial Performance

Zodiac Jrd Mkj reported a consolidated total income of Rs. 2,290.33 lakhs for the first half of the fiscal year 2026. The company's profit before tax for the same period stood at Rs. 88.88 lakhs, which also represents the net profit as no tax expenses were reported for the period.

For the second quarter of FY2026, the company achieved a total income of Rs. 1,038.55 lakhs and a net profit of Rs. 53.88 lakhs.

Operational Highlights

The company's main business activity continues to fall within a single primary business segment, namely dealing in Trading of Goods. The consolidated results include the performance of its subsidiary, VEM Plastic Moulding Private Limited, which focuses on molds and injection molded plastic parts for the automobile component segment.

Subsidiary Performance

VEM Plastic Moulding Private Limited contributed significantly to the group's financial results. For the second quarter and half-year ended September 30, 2025, the subsidiary reported:

• Total revenue: Rs. 1,280.64 Lakhs
• Net profit after tax: Rs. 47.47 Lakhs

Balance Sheet Overview

As of September 30, 2025, Zodiac Jrd Mkj's consolidated balance sheet showed:

• Total Assets: Rs. 13,405.93 lakhs
• Total Equity: Rs. 8,534.19 lakhs
• Current Assets: Rs. 10,280.41 lakhs
• Current Liabilities: Rs. 4,564.15 lakhs

Cash Flow and Liquidity

The company's cash flow statement for the half-year ended September 30, 2025, revealed:

• Net cash used in operating activities: Rs. 761.73 lakhs
• Net cash generated from investing activities: Rs. 549.04 lakhs
• Net cash generated from financing activities: Rs. 280.80 lakhs

The company's cash and cash equivalents at the end of the period stood at Rs. 73.66 lakhs, showing an increase from Rs. 5.55 lakhs at the beginning of the year.

Capital Structure

During the period, Zodiac Jrd Mkj completed a rights issue on June 30, 2025, which resulted in an increase in the equity share capital. The consolidated statement of assets and liabilities shows an equity share capital (including the rights issue) of Rs. -582.43 lakhs, which may require further clarification from the company.

Auditor's Review

The financial results have undergone a limited review by the company's statutory auditors, H.G. Sarvaiya & Co. The auditors have not expressed any material misstatements in their review report.

Zodiac Jrd Mkj's performance in the first half of FY2026 demonstrates the company's ability to generate profits in the challenging trading environment. The contribution from its subsidiary in the automobile component segment adds diversification to the group's revenue streams.

Zodiac Jrd Mkj Limited, a prominent player in the diamonds, jewellery, and precious stones sector, has announced significant changes following its 38th Annual General Meeting (AGM) held on September 25, 2025. The shareholders approved several key resolutions that will shape the company's future operations and governance structure.

Increase in Authorized Share Capital

One of the most notable changes is the increase in the company's authorized share capital. Shareholders approved raising the capital from Rs. 11.00 crores to Rs. 18.00 crores, expanding the number of equity shares from 1.10 crore to 1.80 crore shares, each with a face value of Rs. 10.00. This move provides Zodiac JRD-MKJ with greater financial flexibility for future growth initiatives.

Adoption of New Corporate Documents

The company has taken steps to modernize its corporate governance framework by adopting new versions of its Memorandum of Association (MOA) and Articles of Association (AOA). These updates align the company's governing documents with the Companies Act, 2013, replacing the older versions based on the Companies Act, 1956.

Key changes in the new MOA include:

• Restructuring of object clauses while maintaining existing main objects
• Renaming of the ancillary objects clause to "Matters which are necessary for furtherance of the objects specified in clause III (A)"
• Removal of the "Other Objects" clause

The new AOA incorporates:

• Provisions of the Companies Act, 2013
• Alignment with Secretarial Standards issued by the Institute of Company Secretaries of India
• Updated references to new sections and clauses of the Companies Act, 2013

Appointment of New Director and Secretarial Auditor

Shareholders approved the appointment of Mr. Marc Christopher Weinmann as a Non-Executive Non-Independent Director. Mr. Weinmann, a German national with extensive experience in international business, brings valuable global perspective to the board.

Additionally, M/s. HD and Associates were appointed as the company's Secretarial Auditor for a term of five financial years starting from 2025-26.

Voting Results

The company reported strong shareholder support for all resolutions, with each receiving over 99.99% votes in favor. The e-voting process was conducted in compliance with regulatory requirements and scrutinized by an independent practising company secretary.

These developments signal Zodiac JRD-MKJ Limited's commitment to enhancing its corporate structure and governance practices, potentially positioning the company for future growth and expansion in the competitive jewellery and precious stones market.

Investors and stakeholders can access the updated MOA and AOA on the company's official website for more detailed information on the changes implemented.