Integrated Filing — IndAS



General information about company

Scrip Code 532923
NSE Symbol RGL
MSEI Symbol NOTLISTED
ISIN INE722H01024
Name of company Renaissance Global Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Jewellery manufacturing
Start date and time of board meeting 13-11-2025   17:01:00
End date and time of board meeting 13-11-2025   19:57:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 29-05-2024
Indicate Company website link for updated RPT policy of the Company https://renaissanceglobal.com/wp-content/uploads/2022/09/RGL-RELATED-PARTY-TRANSACTION-POLICY.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 26,286.54 54,109.21
Other income 32.42 216.42
Total income 26,318.96 54,325.63
2 Expenses
(a) Cost of materials consumed 21,233.03 38,568.19
(b) Purchases of stock-in-trade 5,318.14 9,417.40
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (7,613.70) (7,879.33)
(d) Employee benefit expense 1,052.75 2,219.50
(e) Finance costs 776.00 1,486.47
(f) Depreciation, depletion and amortisation expense 295.66 609.21
(f) Other Expenses
1 Foreign Exchange (Gain)/Loss (net) 1,052.48 1,168.12
2 Other Expenses 4,029.20 8,073.55
Total other expenses 5,081.68 9,241.67
Total expenses 26,143.56 53,663.11
3 Total profit before exceptional items and tax 175.40 662.52
4 Exceptional items 0.00 (1,197.40)
5 Total profit before tax 175.40 (534.88)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax 54.79 (65.38)
9 Total tax expenses 54.79 (65.38)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 120.61 (469.50)
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 120.61 (469.50)
17 Other comprehensive income net of taxes (1,047.50) (636.53)
18 Total Comprehensive Income for the period (926.89) (1,106.03)
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 2,145.76 2,145.76
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.11 -0.44
Diluted earnings (loss) per share from continuing operations 0.11 -0.44
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.11 -0.44
Diluted earnings (loss) per share from continuing and discontinued operations 0.11 -0.44
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes: 1. The above unaudited standalone financial results have been prepared in accordance with Applicable Indian Accounting Standard as prescribed under Section 133 of the Companies Act, 2013,read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. 2. The limited review as required under regulation 33 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 has been carried out by thestatutory auditor of the Company. 3. The above unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 13, 2025. 4. The Company is engaged primarily in the business of 'Jewellery' and hence there is no separate reportable segment within the criteria defined under Indian Accounting Standard (Ind AS) -108 'Operating Segments'. 5. During the half year ended September 30, 2025, the Company has closed its manufacturing unit at the Bhavnagar, Gujarat w.e.f. April 15, 2025 . The expenses towards the closure of the unit aggregating to 1,197.40 Lakhs has been disclosed as an exceptional items. Exceptional items for the year ended March 31, 2025 represents provision for diminution in the value of Investment in Compulsory Fully Convertible Debentures (CCD) of Verigold Jewellery India Pvt Ltd., Subsidiary of the Company. 6. Out of the Employee Stock Options (ESOP) outstanding as on April 01, 2025, during the half year ended September 30, 2025: a) 3,94,562 options are got cancelled pursuant to the resignation of the eligible employee of its subsidiary company i.e. Renaissance FMI Inc. USA. b) 51,000 options are granted to the eligible employees. c) 57,500 options has been exercised by the eligible employees of the Company pursuant to the RGL ESOP scheme 2021 and same are allotted to them. As on September 30, 2025, 11,31,500 options are outstanding which are granted to the eligible employees but pending to exercise and 11,11,500 options are available with the Company for new grant. 7. The figures for the previous quarters / year have been re-group/reclassified wherever necessary.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 4,634.26
Capital work-in-progress 20.73
Investment property 0.00
Goodwill 0.00
Other intangible assets 41.45
Intangible assets under development 20.21
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 19,448.20
Trade receivables, non-current 0.00
Loans, non-current 138.97
Other non-current financial assets 642.84
Total non-current financial assets 20,230.01
Deferred tax assets (net) 1,358.29
Other non-current assets 136.18
Total non-current assets 26,441.13
2 Current assets
Inventories 66,019.79
Current financial asset
Current investments 1,634.68
Trade receivables, current 40,679.28
Cash and cash equivalents 768.57
Bank balance other than cash and cash equivalents 4,798.78
Loans, current 19.76
Other current financial assets 417.89
Total current financial assets 48,318.96
Current tax assets (net) 204.97
Other current assets 2,252.39
Total current assets 1,16,796.11
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,43,237.24
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,145.76
Other equity 74,094.23
Total equity attributable to owners of parent 76,239.99
Non controlling interest
Total equity 76,239.99
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 885.88
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 1,383.61
Total non-current financial liabilities 2,269.49
Provisions, non-current 20.84
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 2,290.33
Current liabilities
Current financial liabilities
Borrowings, current 39,073.65
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 148.87
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 22,885.78
Total Trade payable 23,034.65
Other current financial liabilities 2,162.07
Total current financial liabilities 64,270.37
Other current liabilities 124.48
Provisions, current 312.07
Current tax liabilities (Net) 0.00
Deferred government grants, Current 0.00
Total current liabilities 64,706.92
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 66,997.25
Total equity and liabilites 1,43,237.24
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gains (losses) on defined benefit plans 0 0
2 Equity instrument through OCI -5215000 14436000
3 Mutual fund equity instrument through OCI -31000 255000
4 Income tax effect on above 1150000 -3669000
Total Amount of items that will not be reclassified to profit and loss (40.96) 110.22
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 Fair value changes on derivatives designated as cash flow hedges -134506000 -99790000
2 Mutual fund debt instrument through OCI 0 0
3 Income tax effect on above 33852000 25115000
Total Amount of items that will be reclassified to profit and loss (1,006.54) (746.75)
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (1,047.50) (636.53)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (534.88)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 1,486.47
Adjustments for decrease (increase) in inventories (14,297.74)
Adjustments for decrease (increase) in trade receivables, current 7,483.58
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets (329.27)
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 3,090.47
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 609.21
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 29.50
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 292.68
Adjustments for dividend income 5.46
Adjustments for interest income 145.77
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 72.15
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (1,714.18)
Net cash flows from (used in) operations (2,249.06)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 435.62
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (2,684.68)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 1,229.18
Other cash payments to acquire equity or debt instruments of other entities 6,598.52
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 308.29
Purchase of property, plant and equipment 361.73
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 5.46
Interest received 79.78
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 1,023.69
Net cash flows from (used in) investing activities (4,313.85)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 4,368.58
Repayments of borrowings 0.00
Payments of lease liabilities 334.81
Dividends paid 0.00
Interest paid 1,396.29
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 63.25
Net cash flows from (used in) financing activities 2,700.73
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (4,297.80)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (4,297.80)
Cash and cash equivalents cash flow statement at beginning of period 5,066.36
Cash and cash equivalents cash flow statement at end of period 768.56





Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Renaissance Global Limited Anived Portfolio Managers Private Limited Associate Interest paid 18.50 NA 18.50 0.00 0.00
2 Renaissance Global Limited Anived Portfolio Managers Private Limited Associate Loan 410.00 NA 410.00 410.00 410.00 Loan 9.00 1 Year Unsecured Working Capital
3 Renaissance Global Limited Mr. Niranjan A. Shah Chairman Emeritus Any other transaction Professional Fees Payable 2.70 NA 2.70 2.70 2.70
4 Renaissance Global Limited Mr. Niranjan A. Shah Chairman Emeritus Any other transaction Professional fees 18.00 NA 18.00 0.00 0.00
5 Renaissance Global Limited Greenmyna Sustainability Consultants LLp Associate Any other transaction Professional fees 6.00 NA 6.00 0.00 0.00
6 Renaissance Global Limited Greenmyna Sustainability Consultants LLp Associate Any other transaction Trade Payable 0.00 NA 0.00 0.72 0.00
7 Renaissance Global Limited Mr. Hitesh M. Shah Director Loan 225.00 NA 225.00 0.00 225.00
8 Renaissance Global Limited Mr. Hitesh M. Shah Director Any other transaction Director Sitting Fee 4.13 NA 4.13 0.00 0.00
9 Renaissance Global Limited Mr. Hitesh M. Shah Director Any other transaction Professional fees 21.00 NA 21.00 0.00 0.00
10 Renaissance Global Limited Mr. Hitesh M. Shah Director Any other transaction Professional Fees Payable 2.70 NA 2.70 4.28 2.70
11 RENAISSANCE JEWELRY NEW YORK, INC Mr. Roopam Jain Employee Any other transaction Loan Receivable 42.03 NA 42.03 42.03 42.03
12 VERIGOLD JEWELLERY (UK) LIMITED Mr. Sumit N. Shah Director Remuneration 116.29 NA 116.29 0.00 0.00
13 VERIGOLD JEWELLERY (UK) LIMITED Mr. Sumit N. Shah Director Loan 20.55 NA 20.55 4.45 20.55
14 Renaissance Global Limited Mr. Bhupen C. Shah Promoters Remuneration 49.92 NA 49.92 0.00 0.00
15 Renaissance Global Limited Mr. Dilip B. Joshi CFO Remuneration 26.57 NA 26.57 0.00 0.00
16 RENAISSANCE JEWELRY NEW YORK, INC VNJ Capital LLc Associate Any other transaction Payable 2.13 NA 2.13 2.13 2.13
17 Renaissance Global Limited Mr Vishal Dhokar Company Secretary Remuneration 9.64 NA 9.64 0.00 0.00
18 Renaissance Global Limited Mr Vishal Dhokar Company Secretary Loan 3.00 NA 3.00 4.00 3.00
19 VERIGOLD JEWELLERY DMCC Mr. Pratik Shah Director Remuneration 43.20 NA 43.20 0.00 0.00
20 Renaissance Global Limited Ms. Mansi D. Desai Promoter Group Remuneration 6.94 NA 6.94 0.00 0.00
21 Renaissance Global Limited Mr. Darshil A. Shah Whole Time Director Remuneration 36.11 NA 36.11 0.00 0.00
22 Renaissance Global Limited Mr. Neville R. Tata Whole Time Director Remuneration 48.11 NA 48.11 0.00 0.00
23 Renaissance Global Limited Mr. Neville R. Tata Whole Time Director Loan 150.97 NA 150.97 160.32 150.97
24 Renaissance Global Limited Renaissance Foundation Associate Any other transaction CSR 8.38 NA 8.38 0.00 0.00
25 Renaissance Global Limited RJL - Employee Group Gratuity Trust Associate Loan 188.52 NA 188.52 188.52 188.52
26 Renaissance Global Limited Ms. Anushikha D Shah Relative of Director Remuneration 4.18 NA 4.18 0.00 0.00
Total value of transaction during the reporting period 1,464.57