Shubhlaxmi Jewel Art Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting

Shubhlaxmi Jewel Art Limited has announced a board meeting on key updates. The board approved the financial results for the quarter and half-year, reporting revenue of ₹55.01 Cr and net profit of ₹0.90 Cr for FY25. Mr. Bikash Tarafdar joined as Additional Independent Director, bringing strong finance expertise. Parth Nair and Associates were appointed as Secretarial Auditors for FY26. The audit noted a qualified opinion due to inventory valuation issues of ₹37.73 Cr and ongoing litigation involving the MD. Short-term borrowings rose to ₹11.02 Cr, reflecting tighter working capital management.