In a meeting held on February 18, 2026, the Board of Directors of Moksh Ornaments Limited approved the convening of an Extraordinary General Meeting (EGM) to seek shareholder approval for the regularization of Additional Directors. The Board also finalized the draft notice and explanatory statement for the EGM and appointed M/s Jaymin Modi & Co. as the scrutinizer for the remote e-voting process. Additionally, the company recently reported its financial performance for the quarter ended December 2025, showing a significant rise in net profit despite a dip in operational revenue. Net profit for the quarter increased to ₹2.83 Crore, representing a 14.11% growth compared to the corresponding quarter of the previous year.

The notice primarily focuses on administrative approvals for the upcoming EGM, including the selection of the venue, date, and time for the meeting. This follows a period of corporate restructuring, including the resignation of independent director Mr. Tejraj Mithalal Jain Ganna in December 2025. The company has also been active in capital raising, having recently completed a rights issue in FY25 and a preferential issue of equity shares and warrants in early FY26 to strengthen its capital structure and net worth base.

Moksh Ornaments Limited is a Mumbai-based manufacturer and wholesaler of gold jewellery, specializing in products such as bangles, chains, and mangalsutra. It operates manufacturing units in Kolkata and Mumbai, serving prominent clients like Nakshatra Jewellery and P.N. Gadgil Jewellers. In 2025, the company successfully raised approximately ₹48.99 Crore through a rights issue to meet its working capital requirements. Recent updates include an upgrade in credit ratings by CARE Ratings, reflecting an improved debt coverage ratio and steady profitability despite the volatile nature of gold prices.

For the quarter ended December 2025, the company’s revenue from operations stood at ₹115.20 Crore, a decrease of 24.06% from the previous quarter’s ₹151.70 Crore and a 1.79% decline from ₹117.30 Crore in the same period last year. Conversely, net profit rose to ₹2.83 Crore, reflecting a 2.54% sequential growth and a robust 14.11% year-on-year increase. The company’s shareholding pattern as of December 2025 shows that promoters hold a 40.09% stake, with Mr. Amrit Jawanmalji Shah being the largest individual shareholder at 33.92%. Notable institutional presence includes the Pine Oak Global Fund, which holds approximately 4.53% of the company’s shares.