Manoj Vaibhav Gems N Jewellers Ltd

Manoj Vaibhav Gems N Jewellers Ltd announced board approvals for the re-appointment of key personnel and statutory auditors. M/s Sagar & Associates will continue as Statutory Auditors for five years (FY 2026-27 to FY 2030-31). Mrs. Bharata Mallika Ratna Kumari Grandhi has been re-appointed as Chairperson & Managing Director for five years from February 12, 2027. Mrs. Sai Keerthana Grandhi and Mrs. Sai Sindhuri Grandhi have also been re-appointed as Whole-time Director and Executive Director, respectively, for five years from March 1, 2027. All re-appointments are subject to shareholder approval at the upcoming Annual General Meeting.

Manoj Vaibhav Gems N Jewellers Ltd announced the outcome of its Board Meeting held on August 10, 2026. The board approved the Un-Audited Financial Results for the first quarter ended June 30, 2026. Additionally, the company approved the re-appointment of M/s Sagar & Associates as Statutory Auditors for five years and the re-appointment and remuneration of Mrs. Bharata Mallika Ratna Kumari Grandhi as Chairperson & Managing Director and Mrs. Sai Keerthana Grandhi and Mrs. Sai Sindhuri Grandhi as Whole-time/Executive Directors, each for a further term of five years, subject to shareholder approval. The 37th Annual General Meeting is scheduled for September 25, 2026.

Manoj Vaibhav Gems 'N' Jewellers posted standalone revenue of ₹713.91 Cr for Q1 FY27 (quarter ended June 30, 2026), up 30.0% YoY from ₹548.94 Cr, with PAT of ₹27.57 Cr, up 33.9% YoY from ₹20.59 Cr, and EPS of ₹5.64 versus ₹4.22 a year ago. Sequentially, revenue fell 5.4% and PAT fell 2.1% from Q4 FY26 (₹754.47 Cr revenue, ₹28.16 Cr PAT) — this QoQ softness is a seasonal artifact, since Q4 (Jan-Mar) captures wedding-season demand while Q1 (Apr-Jun) is typically lighter despite Akshaya Tritiya, so the YoY comparison is the meaningful read here: continued strong top-line growth. The reported PAT growth was flattered by a ₹3.78 Cr exceptional gain — a partial reversal of the ₹15.13 Cr provision the company had booked in FY26 against uncovered metal-based jewellery purchase-plan obligations (₹11.35 Cr of that provision remains on the books till maturity). Stripping this one-off out, adjusted PAT is approximately ₹24.74 Cr, up ~20.2% YoY — trailing the 30% revenue growth. Net profit margin (on total income) still expanded to 3.85% from 3.74% a year ago, aided by the exceptional gain and a 25.0% effective tax rate, but operating margin (EBITDA/revenue) was roughly flat at 6.79% YoY (6.81% a year ago) on a reported basis, or about 6.26% once the exceptional item is excluded — a mild compression that likely reflects higher finance costs (₹10.72 Cr vs ₹8.97 Cr YoY) alongside raw-material cost pass-through on gold. No street consensus estimates for this quarter's revenue or PAT could be found — searches surfaced only long-term share-price targets (e.g., a 3-6 month target of ₹155 contingent on this print, and a longer-term Uniresearch target of ₹210), not quarterly brokerage estimates, consistent with this being a small-cap with limited formal coverage; vsStreet is therefore unknown. The company has issued no formal quarterly guidance either in our records or found via search, so vsGuidance is also unknown rather than assessed. Alongside the results, the board used the same meeting to re-appoint statutory auditors Sagar & Associates for a further five years (FY27-31) and re-appoint the Chairperson & MD, Whole-time Director & CFO, and Executive Director for fresh five-year terms — governance continuity matters unrelated to this quarter's operating performance. Going into Q2 FY27, the balance ₹11.35 Cr provision on the metal-plan obligations remains a line to watch for further reversals or charges, and whether the ~25% effective tax rate holds now that the one-off exceptional gain is behind the company.

Manoj Vaibhav Gems N Jewellers Ltd has announced the closure of its trading window for all designated persons and their immediate relatives, effective July 01, 2026. This closure is in connection with the upcoming approval of the un-audited financial results for the first quarter ending June 30, 2026. The trading window will reopen 48 hours after the declaration of these financial results. This measure is in line with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct to prevent insider trading.

Manoj Vaibhav Gems N Jewellers Ltd has received an order from the Office of the Principal Commissioner of Central Tax, Visakhapatnam, imposing tax demands and penalties totaling ₹5,84,20,920. The order pertains to the alleged irregular availment and utilization of Input Tax Credit (ITC) on Initial Public Offer (IPO) expenses for the period December 2021 to March 2025. The company disputes the findings and intends to file an appeal. The order comprises a cumulative tax demand of ₹2,92,10,460 and an equivalent penalty of ₹2,92,10,460, along with applicable interest. The company states there is no impact on its operational activities.

Manoj Vaibhav Gems N Jewellers Ltd's Board of Directors re-appointed M/s. P.A. Naidu & Associates, Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The decision was based on the recommendation of the Audit Committee. The board meeting was held on May 22, 2026, commencing at 03:17 p.m. and concluding at 03:58 p.m.

Manoj Vaibhav Gems N Jewellers Ltd's board approved the audited financial results for the fourth quarter and financial year ended March 31, 2026. Key figures include revenue from operations of ₹754.47 Cr for the quarter and ₹2744.03 Cr for the year. The board also approved the re-appointment of M/s. P.A. Naidu & Associates as the Internal Auditor for FY 2026-27.

Manoj Vaibhav Gems N Jewellers Ltd announced audited financial results for the fourth quarter and year ended March 31, 2026. The Board of Directors approved the results on May 22, 2026. Revenue from operations for FY26 stood at ₹274.4 Cr, with a profit of ₹114.98 Cr. The board also approved the re-appointment of M/s. P.A. Naidu & Associates as the Internal Auditor for the financial year 2026-27.

Manoj Vaibhav Gems N Jewellers Ltd has scheduled a Board of Directors meeting on May 22, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The decision is pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for designated persons and their immediate relatives will remain closed until May 24, 2026.

Manoj Vaibhav Gems N Jewellers Ltd has announced the inauguration of a new 'Vaibhav Jewellers' store located in Chandanagar, Hyderabad, Telangana. The store opened its doors on April 20, 2026. This expansion is part of the company's ongoing growth strategy within the retail jewellery sector, aiming to increase its market presence and accessibility to customers in key urban areas.