Parshva enterprises Limited has secured a significant regulatory approval that will enhance its import capabilities. The company announced on February 3, 2024, that it has received Tariff Rate Quota (TRQ) authorization from the Directorate General of Foreign Trade, Delhi, under the Ministry of Commerce and Industry, Government of India.

Authorization Details

The TRQ authorization represents a crucial business development for Parshva Enterprises Limited. This license specifically permits the company to import gold bars from the United Arab Emirates, opening new avenues for the company's procurement operations.

Business Impact

The authorization will allow Parshva Enterprises Limited to directly import gold bars from the UAE market. This regulatory approval provides the company with enhanced operational flexibility and access to international suppliers, potentially strengthening its position in the gold trading business.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring transparency with stakeholders and exchange members.

The authorization remains valid until March 31, 2026, providing the company with a substantial timeframe to utilize this import facility and develop its UAE-based supply chain for gold bar procurement.

Parshva Enterprises Limited reported a challenging third quarter for FY26, with consolidated net profit declining significantly despite maintaining relatively stable revenue levels. The company's Board of Directors approved the unaudited financial results for the quarter and nine months ended December 31, 2025, during their meeting held on January 30, 2026.

Financial Performance Overview

The company's Q3FY26 performance showed mixed results across key financial metrics:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Parshva Enterprises demonstrated resilient performance with improved year-over-year results:

Operational Metrics and Expenses

The company's expense structure showed notable changes during Q3FY26. Purchases of stock-in-trade increased to ₹592.16 lakhs from ₹545.24 lakhs in Q3FY25. However, changes in inventories provided a positive impact of ₹28.00 lakhs compared to an increase of ₹39.92 lakhs in the previous year quarter.

Employee benefits expense rose to ₹7.92 lakhs from ₹6.17 lakhs, while finance costs decreased significantly to ₹1.15 lakhs from ₹2.66 lakhs year-over-year. Depreciation and amortization expense declined to ₹1.79 lakhs from ₹4.34 lakhs in Q3FY25.

Exceptional Items and Tax Impact

The company reported exceptional items of ₹3.21 lakhs during Q3FY26, which impacted the overall profitability. Current tax expense decreased to ₹1.61 lakhs from ₹2.68 lakhs in the corresponding quarter of the previous year.

Earnings Per Share and Capital Structure

Parshva Enterprises maintained its paid-up equity share capital at ₹1018.97 lakhs with a face value of ₹10 per share. The basic and diluted earnings per share for Q3FY26 stood at ₹0.04, compared to ₹0.09 in Q3FY25.

Corporate Restructuring Update

The company completed a significant corporate restructuring during the reporting period. The jewellery business demerger into Simandhar Impex Limited became effective from October 17, 2025, following NCLT approval. Under the scheme, shareholders received 3 equity shares of the resulting company for every 10 shares held in Parshva Enterprises. The resulting company's shares were subsequently listed on BSE Limited on December 22, 2025.