Sovereign Diamonds Ltd — Others, 26-08-2025: Others

Sovereign Diamonds released its Annual Report for FY25 and announced its 51st Annual General Meeting on September 23, 2025. The company reported a sharp profit decline, with net profit after tax falling to 0.01 Cr from 1.38 Cr last year, on revenues of 19.97 Cr (down from 27.09 Cr). This was mainly due to high gold prices affecting margins. Management is focusing on cash-based orders, expense reduction, and exploring lab-grown diamonds and lower carat gold. The company also reduced bank borrowings from 11.14 Cr to 8.86 Cr. No dividend was declared. Shareholders will vote on director appointments.