RBZ Jewellers Limited has issued a comprehensive clarification regarding the employee fraud case and insurance claim settlement, providing detailed breakdown of recoveries and ongoing judicial proceedings. The company submitted this clarification on 25th February 2026 to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI regulations.

Complete Fraud Assessment and Insurance Coverage

The company confirmed that the total quantified amount involved in the employee fraud was Rs 1,98,11,486, which has been fully assessed by IFFCO-Tokio General Insurance Co. Ltd. The insurance company has determined that the entire loss is covered under the company's fidelity/crime insurance policy terms.

Recovery Status and Judicial Proceedings

RBZ Jewellers has made significant progress in recovering the fraudulent amount through multiple channels. The company earlier recovered Rs 22,74,893 directly from the accused employee and received Rs 1,01,82,444 from the insurance company as partial settlement. The remaining claim amount of Rs 68,18,221, represented by gold recovery, is currently under judicial custody.

Legal Steps and Insurance Protection

The company is taking necessary legal steps before the competent court for release of the gold upon completion of the judicial process. According to the insurance policy terms with IFFCO-Tokio General Insurance Co. Ltd, if the recovered gold is not released to the company pursuant to judicial proceedings, the company would be entitled to indemnification from the insurer as per policy terms.

Regulatory Compliance and Transparency

This clarification follows the company's earlier intimations dated 4th March 2025 and 24th February 2026, demonstrating RBZ Jewellers' commitment to maintaining transparency with stakeholders. Company Secretary & Compliance Officer Heli Akash Garala signed the intimation, ensuring proper corporate governance standards in communicating material developments to the stock exchanges.

RBZ Jewellers Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025, showcasing robust performance across key financial metrics. Following the strong quarterly results, the company has now released the complete earnings call transcript for discussions held with analysts and investors on February 16, 2026.

Strong Financial Performance in Q3FY26

The company delivered impressive financial results for the third quarter, with significant improvements in both revenue and profitability metrics compared to the corresponding period last year.

Nine-Month Performance Analysis

The company's nine-month performance for the period ended December 31, 2025, also reflects strong operational efficiency and market positioning in the jewelry segment.

Earnings Call Transcript Released

RBZ Jewellers has made available the complete transcript of its earnings conference call held on February 16, 2026, at 16:00 hours. The transcript, filed under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, provides detailed insights into the company's performance and future strategy.

Management Commentary and Strategic Outlook

During the earnings call, Joint Managing Director and CFO Harit Zaveri highlighted the company's transformation from a B2B manufacturer to a diversified B2C retailer. The management discussed strong festive demand during Dussehra and Diwali, along with robust wedding season performance that supported quarterly results.

Retail Expansion Plans

The company announced concrete plans for retail expansion across Gujarat, with two flagship stores planned for Surat and Rajkot. Both showrooms are targeted to become operational in Q2 FY27, representing a strategic shift towards the B2C segment.

Business Segments and Operations

The company operates through integrated manufacturing and retail divisions. The manufacturing facility spans 23,966 square feet on Sarkhej-Gandhinagar Highway in Ahmedabad, equipped with advanced casting, laser and 3D printing technologies. The retail showroom "Harit Zaveri Jewellers" covers 11,667 square feet in Satellite area of Ahmedabad.

Financial Guidance and Future Outlook

Management provided revenue guidance of ₹630-650 crores for FY26, with PAT expectations of ₹50-55 crores. For FY27, the company targets ₹800-900 crores revenue with PAT of ₹55-60 crores, supported by new store openings and increased marketing investments.

The earnings call transcript reveals management's confidence in the company's strategic transformation from wholesale manufacturing to retail operations, with significant investments planned in marketing and store expansion to capitalize on the growing organized jewelry retail market in Gujarat.