Sagar Diamonds Limited has officially declared that its statutory auditors have issued an unmodified audit opinion for the company's annual audited standalone financial results for the year ended 31st March, 2024. The declaration was made pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Clean Audit Certification

The audit was conducted by M/s. Manish K Ramawati And Company & Co, Chartered Accountants (Firm Registration Number: 0135914W), who served as the company's statutory auditors. The unmodified opinion indicates that the financial statements present a true and fair view of the company's financial position without any qualifications or adverse remarks.

The company confirmed that since the audit report contains no qualifications, the statement on impact of audit qualification is not required to be submitted. This clean audit opinion reflects positively on the company's financial reporting standards and compliance with accounting principles.

Regulatory Compliance Communications

Sagar Diamonds Limited also submitted explanations to the Bombay Stock Exchange Limited regarding delays in outcome submissions. The company addressed two separate instances of delayed submissions dated 30.05.2025 and 20.01.2026, attributing the delays to unforeseen circumstances and technical issues beyond their control.

The company expressed regret for the inconvenience caused and assured the exchange that corrective measures have been implemented to ensure timely submissions in the future. These communications demonstrate the company's commitment to maintaining transparency with regulatory authorities.

Company Information

Sagar Diamonds Limited operates from its registered office at Plot No. 266-B, SEZ Diamond Park, Sachin, Surat, Gujarat 394230, with corporate offices in Mumbai. The declaration was signed by Vaibhav Dipak Shah, Managing Director of the company, confirming the accuracy of the audit opinion status for regulatory records.

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.