Swarnsarita Jewels India Ltd

Swarnsarita Jewels India Ltd has announced the closure of its trading window for all directors, officers, designated persons, and their immediate relatives. This closure is effective from Wednesday, July 01, 2026, and will continue until 48 hours after the declaration of the company's unaudited financial results for the quarter ended June 30, 2026. The decision aligns with SEBI (Prohibition of Insider Trading) Regulations, 2015. The date for the Board of Directors' meeting to approve these financial results will be communicated separately.

Swarnsarita Jewels India Ltd. announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved these results on May 30, 2026. The audit reports issued by M/s. Banshi Jain and Associates, Chartered Accountants, contained unmodified opinions. The board also approved the appointment of M/s. Viral P Shah & Co. as the Internal Auditor for F.Y.2026-27 and approved the revision of the Loan policy for all employees. The meeting commenced at 05:00 P.M. (IST) and concluded at 07:00 P.M. (IST).

Swarnsarita Jewels India Ltd. announced the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results in a meeting held on May 30, 2026. The audit reports issued by M/s. Banshi Jain and Associates, Chartered Accountants, contained unmodified opinions. The board also approved the appointment of M/s. Viral P Shah & Co. as Internal Auditor for F.Y.2026-27 and the revision of the Loan policy for all employees.

526365 announced the appointment of Mr. Jash Amit Adani (DIN: 11746006) as an Additional Director in the Non-Executive-Independent Director category, effective May 28, 2026. His term will be for five years, subject to shareholder approval. Mr. Adani is not related to any existing director and satisfies the criteria for independence. He holds a Post Graduate degree in Management (Finance) and has over 5 years of experience in the E-commerce industry, bringing vast knowledge of finance and strategic matters. The Board also approved the reconstitution of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee to include Mr. Adani.

SWARNSARITA JEWELS INDIA LIMITED (526365) announced the appointment of Mr. Jash Amit Adani (DIN: 11746006) as an Additional Director, categorized as a Non-Executive-Independent Director, effective May 28, 2026. His term will be for five years, contingent on shareholder approval. Mr. Adani, a Post graduate in Management (Finance) with over 5 years of experience in the E-commerce industry, is not related to any other director and fulfills the independence criteria. Following this appointment, the Board also reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee to include Mr. Adani.

Swarnsarita Jewels India Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. The meeting will also address the appointment of M/s. Viral P Shah & Co. as the Internal Auditor for F.Y. 2026-27. The trading window has been closed from April 1, 2026, and will remain closed until 48 hours after the announcement of the financial results.

Mark Corporate Advisors Pvt Ltd, as the Manager to the Offer, has made a public announcement for an open offer to the public shareholders of Swarnsarita Jewels India Limited. The offer is to acquire up to 47,94,987 fully paid-up equity shares of ₹10 each at a price of ₹32.15 per equity share, representing 22.97% of the Voting Share Capital of the Target Company. The offer is in accordance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The Committee of Independent Directors of the Target Company has issued a recommendation stating that the offer is fair and reasonable.

The Independent Directors of Swarnsarita Jewels India Ltd met on March 30, 2026, at 1:00 PM (IST). The meeting, which concluded at 3:45 PM (IST), involved reviewing the performance of Non-Independent Directors and assessing the quality and timeliness of information flow between the company, management, and board.

The Committee of Independent Directors (IDC) of Swarnsarita Jewels India Ltd has recommended the open offer price of ₹32.15 per equity share for acquisition by Acquirers and PAC, as fair and reasonable under Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments. The IDC, comprising Deep Shailesh Lakhani, Dhruvin Bharat Shah, and Umang Mitul Mehta, have not traded in the Target Company or PAC's equity shares or securities in the specified periods and have no relationships with the Acquirers and PAC.

Swarnsarita Jewels India Ltd has received an open offer from Acquirers and PAC to acquire up to 47,94,987 fully paid-up equity shares representing 22.97% of the company's voting share capital. The offer price is ₹32.15 per equity share, payable in cash. The offer is not conditional or subject to any minimum level of acceptance. The Acquirers and PAC may withdraw the offer in accordance with the SEBI (SAST) Regulations, 2011. The offer price may be subject to upward revision prior to the commencement of the last 1 (one) Working Day before the commencement of the Tendering Period.