Sagar Diamonds Limited has announced the appointment of Ms. Nikita Jindal as Company Secretary and Compliance Officer, effective January 1, 2026. The diamond manufacturing company informed BSE Limited about this key management appointment through a regulatory filing dated January 21, 2026.

Board Approval and Regulatory Compliance

The appointment was formally approved by the board of directors at their meeting held on January 1, 2026, at the company's registered office in Surat, Gujarat. The decision was made pursuant to Section 203 of the Companies Act 2013 and Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Appointee Details

Ms. Nikita Jindal brings professional qualifications to her new role as an Associate Member of the Institute of Company Secretaries of India. The following table outlines her key details:

Role and Responsibilities

As Company Secretary and Compliance Officer, Ms. Jindal will be responsible for performing duties as required under the Companies Act 2013 and any additional responsibilities assigned by the board of directors. Her appointment ensures the company maintains compliance with statutory requirements for listed entities.

Company Background

Sagar Diamonds Limited operates from its registered office at Plot No. 266 B, SEZ Diamond Park, Sachin, Surat, Gujarat, with a corporate office located at Embassy Centre Building, Nariman Point, Mumbai. The company is listed on BSE Limited under scrip code 540715.

The appointment reflects the company's commitment to maintaining strong corporate governance standards and regulatory compliance in its operations.

Sagar Diamonds Limited has announced its audited financial results for the year ended March 31, 2025, demonstrating a significant improvement in its financial performance despite continuing operational challenges. The diamond trading company, listed on the BSE SME platform, reported substantial reduction in losses compared to the previous financial year.

Financial Performance Overview

The company's financial results show marked improvement across key metrics for FY25:

The company's total income for FY25 stood at ₹71.98 lakh, comprising entirely of other income, as the company reported no revenue from operations during the year. This represents a decrease from ₹107.55 lakh in the previous year.

Expense Management and Cost Control

Sagar Diamonds demonstrated significant cost control measures during FY25. Total expenses dropped dramatically to ₹243.13 lakh from ₹7,574.79 lakh in the previous year. The major components of expenses included:

• Employee benefits expense: ₹68.84 lakh (compared to ₹184.40 lakh in FY24)
• Other expenses: ₹174.29 lakh (compared to ₹270.16 lakh in FY24)
• Finance costs: ₹2.30 lakh (compared to ₹4.31 lakh in FY24)

Notably, the company did not report any "balances written off/back on business halted" in FY25, compared to ₹7,120.23 lakh in the previous year, which significantly contributed to the improved performance.

Balance Sheet Position

The company's balance sheet as of March 31, 2025, shows total assets of ₹3,643.03 lakh compared to ₹3,561.38 lakh in the previous year. Key balance sheet highlights include:

Board Decisions and Corporate Governance

During the board meeting held on May 30, 2025, the directors approved several key decisions beyond the financial results. The board re-appointed M/s. Manish K Ramawati & Co., Chartered Accountants, as the company's statutory auditors based on the audit committee's recommendations. Additionally, Mrs. Manjula Poddar (CP No: 11252), Practicing Company Secretary, was re-appointed as the secretarial auditor for FY 2025-26.

The auditors provided an unmodified opinion on the annual audited financial results, confirming compliance with applicable accounting standards and regulatory requirements.

Cash Flow and Liquidity

The company's cash flow statement reveals improved operational cash generation. Net cash flow from operating activities was ₹39.26 lakh in FY25 compared to ₹44.89 lakh in the previous year. The company maintained a strong cash position with ₹1,874.76 lakh in cash and bank balances at the year-end, representing an increase from ₹1,808.50 lakh in the previous year.

Sagar Diamonds Limited, incorporated in July 2015, operates in the business of rough and polished diamonds, sale, export and trading of diamond studded jewellery and gold & silver items. The company's shares are listed on the Bombay Stock Exchange SME platform.