Priority Jewels Ltd

Priority Jewels Ltd has announced that its Board of Directors will convene on October 31, 2026. The primary agenda item is to consider and approve the Un-Audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. Additionally, the company will address the trading window closure and re-opening for designated persons and their relatives, in compliance with SEBI's Prohibition of Insider Trading Regulations.

Priority Jewels Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in compliance with SEBI PIT Regulations and the company's internal code of conduct. The window will be shut from October 1, 2026, until 48 hours after the declaration of the un-audited financial results for the quarter and half-year ended September 30, 2026. This measure is standard practice to prevent insider trading during sensitive financial reporting periods. The company will announce the board meeting date for approving these results separately.

Priority Jewels Ltd has updated its Corporate Identification Number (CIN) and listing status with the Ministry of Corporate Affairs (MCA). Following the listing of its equity shares on the National Stock Exchange and BSE Limited effective September 4, 2026, the company's CIN has changed from U52393MH2007PLC174977 to L52393MH2007PLC174977. The MCA Master Data now reflects a 'Yes' for its listed status. This change aligns the official records with the company's public trading status and does not impact its share capital, management, or operations. The updated information is available on the MCA website and the company's investor relations portal.

Priority Jewels Ltd has received a favorable appellate order from the Commissioner of Income Tax (Appeals), NFAC, Delhi, under Section 250 of the Income Tax Act, 1961. The appeal filed by the company against the assessment order for Assessment Year 2011-2012 has been allowed, with the additions and disallowances made by the Assessing Officer being deleted. Consequently, the penalty proceedings under Section 271(1)(c) have been directed to be dropped. This order is expected to reduce the company's tax demand by ₹3.54 Crores, and Priority Jewels may be eligible for a refund of the proportionate tax paid, along with applicable interest.

Priority Jewels Limited has received a favorable Appellate Order from the Commissioner of Income Tax (Appeals), NFAC, Delhi, under Section 250 of the Income Tax Act, 1961. The appeal filed by the company against the assessment order for Assessment Year 2011-2012 has been allowed. The Commissioner has deleted the additions and disallowances made by the Assessing Officer and directed the dropping of penalty proceedings. This order will result in a reduction of the tax demand by ₹3.54 Crores, and the company may be eligible for a refund of the proportionate tax paid along with applicable interest.

Priority Jewels Limited has received an extension of two months and fifteen days from the Registrar of Companies (ROC), Mumbai, for convening its 19th Annual General Meeting (AGM) for the financial year ended March 31, 2026. The company had sought this extension due to circumstances preventing the timely holding of the AGM, originally due by September 30, 2026. The ROC granted the extension under Section 96(1) of the Companies Act, 2013, advising the company to ensure future compliance. The exact date for the AGM will be communicated later.

Priority Jewels Ltd has adopted a Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI) and a Code of Conduct to Regulate, Monitor, and Report Trading, as per SEBI PIT Regulations. The code, effective from April 22, 2025, aims to preserve confidentiality of UPSI, prevent misuse, and ensure transparency and fairness for all stakeholders. It outlines principles for prompt public disclosure, uniform dissemination, designation of a Chief Investor Relations Officer, and fair response to market queries, aligning with SEBI's requirements.

Priority Jewels Ltd has informed the stock exchanges about the authorization of key managerial personnel (KMPs) under Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation empowers specific individuals within the company to determine the materiality of events or information and to make necessary disclosures. The authorized personnel include Shailesh Sangani (Managing Director), Tushar Mehta (Whole-time Director and CFO), and Aakriti Bhushan (Company Secretary and Compliance Officer). This move streamlines the disclosure process and ensures timely communication with regulatory bodies and stakeholders regarding significant company events.