Lalithaa Jewellery Mart Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The board also approved a significant scheme of amalgamation to merge its wholly-owned subsidiaries, Asita Jewellery Manufacturing Private Limited and Centigrade Apparels Private Limited, with the parent company. The company also appointed M/s. V. S. Sowrirajan & Associates as Secretarial Auditors for a five-year term.
Financial Results and Amalgamation Approved
Lalithaa Jewellery Mart Limited held a Board Meeting on November 11, 2026, during which several key decisions were made. The Board considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. These results were accompanied by Limited Review Reports from the statutory auditors with an unmodified opinion.
Subsidiary Amalgamation
A major development was the approval of the draft Scheme of Amalgamation for the merger of its two wholly-owned subsidiaries, Asita Jewellery Manufacturing Private Limited and Centigrade Apparels Private Limited, with Lalithaa Jewellery Mart Limited. This amalgamation, which is subject to requisite statutory and regulatory approvals including from the National Company Law Tribunal (NCLT) and shareholders, is proposed to be effective from April 1, 2026. The scheme aims to consolidate the business of the three entities, facilitate focused growth, operational efficiency, and pooling of resources, without altering the shareholding pattern as no new shares will be issued.
Appointment of Secretarial Auditors
Furthermore, the Board approved the appointment of M/s. V. S. Sowrirajan & Associates, Practicing Company Secretaries, as the Secretarial Auditors of the Company. This appointment is for a term of five consecutive financial years, from FY 2026-27 to FY 2030-31, subject to shareholder approval at the ensuing Annual General Meeting. The appointment was recommended by the Audit Committee and is in line with SEBI (LODR) Regulations.
Code of Conduct Amendments
Amendments to the Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their Immediate Relatives were also approved, aimed at preventing insider trading.
Financial Highlights
The financial results for the quarter ended September 30, 2026, show a Total Income of INR 60,430.92 million and a Profit After Tax of INR 2,083.81 million. For the half-year ended September 30, 2026, Total Income stood at INR 1,30,666.20 million with a Profit After Tax of INR 4,612.81 million.
Source: BSE
