StockWatch
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Gems, Jewellery And Watches
Board Meeting10 Aug 2026, 07:40 pm

Advit Jewels Appoints Abhishek Gilara as Joint MD, Approves Q1 Results

AI Summary

Advit Jewels Ltd announced key management changes and financial updates following a Board of Directors meeting on August 10, 2026. Mr. Abhishek Gilara has been appointed as Additional Director and Joint Managing Director for a five-year term, subject to shareholder approval. The company also approved the un-audited financial results for the quarter ended June 30, 2026, and took note of the limited review report. M/s. R N V & Associates were appointed as Internal Auditors for FY 2026-27. The board also noted the resignation of Mr. Krishna Vardhan Gilara as Non-Executive Non-Independent Director and approved the re-constitution of the Nomination and Remuneration Committee. Additionally, Mr. Vipul Gilara's designation was changed to Whole-time Director and CEO, and Mr. Krishna Vardhan Gilara was appointed Chief Expansion Officer. The 7th Annual General Meeting is scheduled for September 28, 2026.

Key Highlights

  • Abhishek Gilara appointed Joint Managing Director for five years.
  • Unaudited financial results for Q1 FY27 approved.
  • R N V & Associates appointed as Internal Auditors for FY27.
  • Krishna Vardhan Gilara resigns as Non-Executive Director.
  • 7th AGM scheduled for September 28, 2026.