Orosil Smiths India Limited , a prominent player in the jewelry sector, has released revised financial results for the first quarter, showing a significant turnaround in performance. The company has also announced its upcoming Annual General Meeting (AGM) and proposed changes to its board of directors.

Revised Q1 Financial Results

Orosil Smiths India has reported a profit of ₹3.44 lakh for the quarter, marking a substantial improvement from a loss of ₹13.58 lakh in the same period last year. The company's revenue from operations surged to ₹87.87 lakh, up from ₹4.54 lakh in the corresponding quarter of the previous year, indicating a strong recovery in its business activities.

The revision of financial results was necessitated due to accounting adjustments totaling ₹4.14 lakh. These adjustments include:

• Capitalization of investment premiums amounting to ₹3.25 lakh and ₹1.48 lakh, which were previously expensed.
• Correction of an overstatement in income by ₹58,273.

Financial Highlights

Annual General Meeting and Board Changes

Orosil Smiths India has scheduled its 31st Annual General Meeting for September 30, at 11:30 A.M. (IST) at YWCA of Delhi, 1 Ashoka Road, New Delhi. The company has announced a book closure period from September 24 to September 30 (both days inclusive).

Key agenda items for the AGM include:

1. Regularization of Ms. Arunima Sahu as an Independent Director
2. Re-appointment of Mr. Bhushan Kumar Narula as Chairman cum Managing Director
3. Re-appointment of Mrs. Rita Narula as Whole-time Director
4. Regularization of Mr. Deepankar Jain as an Independent Director

The remote e-voting period for shareholders will commence on September 27 at 09:00 A.M. and conclude on September 29 at 05:00 P.M. Ms. Prachi Bansal, a Practicing Company Secretary, has been appointed as the scrutinizer for the AGM voting process.

Board Member Profiles

• Ms. Arunima Sahu: A businesswoman with over two decades of experience in marketing and sales, specializing in jewelry manufacturing and food industry ventures.
• Mr. Bhushan Kumar Narula: A seasoned business leader with nearly three decades of industry experience, instrumental in shaping the company's vision and growth.
• Mrs. Rita Narula: An accomplished jewelry designer with over 30 years of experience, known for her creative vision and expertise in gems and stones.
• Mr. Deepankar Jain: A legal and financial professional with expertise in corporate law, compliance, and governance frameworks.

The revised financial results and proposed board changes reflect Orosil Smiths India's commitment to transparency and strategic growth in the competitive jewelry market.

Orosil Smiths India Limited , a player in the jewelry industry, has released its financial results for the first quarter ended June 30, 2025, alongside announcing a key addition to its board of directors.

Financial Performance

The company reported a total income of Rs. 98.07 lacs for the quarter, with revenue from operations standing at Rs. 87.87 lacs and other income at Rs. 10.20 lacs. Despite this, Orosil Smiths India posted a net loss of Rs. 0.71 lacs for the period.

A breakdown of the financial results reveals:

The company's total expenses for the quarter amounted to Rs. 98.98 lacs, slightly exceeding its total income. The earnings per share (EPS) for both basic and diluted calculations stood at (0.00).

Board Appointment

In a significant move, Orosil Smiths India's board of directors has approved the appointment of Mr. Deepankar Jain as an Additional Independent Director. Mr. Jain's appointment is for a term of 5 years, effective from July 25, 2025, subject to shareholder approval at the ensuing Annual General Meeting.

Mr. Jain brings a wealth of experience to the board. He is a legally qualified and commerce-educated professional with expertise in corporate law, compliance, and governance frameworks. Holding a Bachelor of Laws (LL.B.) from Indraprastha Law College, Chaudhary Charan Singh University, and a Bachelor of Commerce (B.Com) from the University of Delhi, Mr. Jain has been practicing as a financial analyst since 2017 and as a legal analyst since 2021.

Other Board Meeting Outcomes

The board meeting, which commenced at 4:00 PM and concluded at 5:05 PM on July 25, 2025, also addressed other key matters:

1. Approval of the Director's Report along with required annexures for the financial year ended March 31, 2025.
2. Review and approval of the Unaudited Financial Results for Q1 FY2026, along with the Limited Review Report from the statutory auditors.

The company noted that there were no pending investor complaints for the quarter ended June 30, 2025.

Orosil Smiths India Limited continues to operate in a single segment, as per Ind AS 108. The financial results are available on the company's website at www.orosil.com and on the BSE website at www.bseindia.com .

As the jewelry industry navigates through challenging times, Orosil Smiths India's performance in the coming quarters will be closely watched by investors and market analysts alike.