Sovereign Diamonds Ltd — Board Meeting, 12-08-2025: Board Meeting

Sovereign Diamonds' board approved the unaudited financial results for the quarter ended June 30, 2025. The company reported net sales of ₹7.80 Cr, up from ₹5.34 Cr in the same quarter last year. However, it incurred a significant net loss of ₹4.85 Cr, a substantial increase from a loss of ₹0.06 Cr year-on-year. This was largely driven by a sharp rise in the cost of materials consumed. The company operates solely in the gold and diamond jewellery segment. Shareholders should note the amplified loss despite higher sales.