Integrated Filing — IndAS



General information about company

Scrip Code 533189
NSE Symbol GOENKA
MSEI Symbol NOTLISTED
ISIN INE516K01024
Name of company GOENKA DIAMOND AND JEWELS 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 30-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 25-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-05-2026   14:00:00
End date and time of board meeting 30-05-2026   20:00:00
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 Statement on impact of audit qualification
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 14-11-2025
Indicate Company website link for updated RPT policy of the Company WWW.GOENKADIAMONDS.COM
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? Yes



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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 42.02 213.33
Other income 21.30 74.99
Total income 63.32 288.32
2 Expenses
(a) Cost of materials consumed 24.98 111.59
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 5.66 49.56
(d) Employee benefit expense 12.77 46.43
(e) Finance costs 13.84 55.29
(f) Depreciation, depletion and amortisation expense 10.29 41.15
(f) Other Expenses
1 Other Expenses 45.53 134.62
Total other expenses 45.53 134.62
Total expenses 113.07 438.64
3 Total profit before exceptional items and tax (49.75) (150.32)
4 Exceptional items 0.00 0.00
5 Total profit before tax (49.75) (150.32)
6 Tax expense
7 Current tax 0.00 0.00
8 Deferred tax (1.40) 0.75
9 Total tax expenses (1.40) 0.75
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 (48.35) (151.07)
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 (48.35) (151.07)
17 Other comprehensive income net of taxes 0.94 0.94
18 Total Comprehensive Income for the period (47.41) (150.13)
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 3,170.00 3,170.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 21,357.49
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.02 -0.05
Diluted earnings (loss) per share from continuing operations -0.02 -0.05
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 -0.02 -0.05
Diluted earnings (loss) per share from continuing and discontinued operations -0.02 -0.05
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



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 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 557.56
Capital work-in-progress 0.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 19.48
Trade receivables, non-current 0.00
Loans, non-current 1,249.95
Other non-current financial assets
1 Other Financial asset 13.23
Total of other non-current financial assets 13.23
Total non-current financial assets 1,282.66
Deferred tax assets (net) 29.99
Other non-current assets
Total of other non-current assets
Total non-current assets 1,870.21
2 Current assets
Inventories 556.80
Current financial asset
Current investments 0.00
Trade receivables, current 69,768.84
Cash and cash equivalents 46.41
Bank balance other than cash and cash equivalents 0.00
Loans, current 0.00
Other current financial assets
Total of other current financial assets 1,407.22
Total current financial assets 71,222.47
Current tax assets (net) 0.00
Other current assets
1 Other current assets 38.40
Total of other current assets 38.40
Total current assets 71,817.67
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 73,687.88
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 3,170.00
Other equity 21,357.49
Total equity attributable to owners of parent 24,527.49
Non controlling interest
Total equity 24,527.49
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
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
Total of other non-current financial liabilities
Total non-current financial liabilities 0.00
Provisions, non-current 11.68
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 11.68
Current liabilities
Current financial liabilities
Borrowings, current 17,730.38
Trade payables, 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 29,842.71
Total Trade payable 29,842.71
Other current financial liabilities
1 Other current financial liabilities 678.91
Total of other current financial liabilities 678.91
Total current financial liabilities 48,252.00
Other current liabilities 148.42
1 Other current liabilities 148.42
Total of other current liabilities 148.42
Provisions, current 4.07
Current tax liabilities (Net) 744.22
Deferred government grants, Current
Total current liabilities 49,148.71
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 49,160.39
Total equity and liabilites 73,687.88
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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Diamond 0.0004202 0.0021333
2 Jewellery 0.00 0.00
Total Segment Revenue 42.02 213.33
Less: Inter segment revenue 0.00 0.00
Revenue from operations 42.02 213.33
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Diamond (13.80) (32.12)
2 Jewellery (5.57) (27.89)
Total Profit before tax (19.37) (60.01)
i. Finance cost (7.46) (19.69)
ii. Other Unallocable Expenditure net off Unallocable income 37.82 110.01
Profit before tax (49.73) (150.33)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Diamond 63,961.48 63,961.48
2 Jewellery 7,364.52 7,364.52
Total Segment Asset 71,326.00 71,326.00
Un-allocable Assets 2,361.88 2,361.88
Net Segment Asset 73,687.88 73,687.88
4 Segment Liabilities
Segment Liabilities
1 Diamond 29,674.93 29,674.93
2 Jewellery 201.37 201.37
Total Segment Liabilities 29,876.30 29,876.30
Un-allocable Liabilities 43,811.58 43,811.58
Net Segment Liabilities 73,687.88 73,687.88
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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
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 Items That will not be reclassified to profit and loss 1.27 1.27
Total Amount of items that will not be reclassified to profit and loss 1.27 1.27
2 Income tax relating to items that will not be reclassified to profit or loss 0.33 0.33
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income 0.94 0.94



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 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (150.32)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories 55.17
Adjustments for decrease (increase) in trade receivables, current 9.71
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 0.00
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 5.69
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (0.79)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 41.15
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 1.27
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 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
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 55.29
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 73.52
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 241.01
Net cash flows from (used in) operations 90.69
Dividends received 0.00
Interest paid 73.81
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 16.88
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 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
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 0.00
Purchase of property, plant and equipment 0.00
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 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities 0.00
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 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 0.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 16.88
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 16.88
Cash and cash equivalents cash flow statement at beginning of period 27.97
Cash and cash equivalents cash flow statement at end of period 44.85





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Statement on impact of audit qualification
Auditor's opinion Disclaimer of opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 UMMED JAIN & CO Yes 31-07-2028


Financial details

Amount in (Lakhs)

Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income 288.31 6,240.23
2 Total Expenditure 438.65 438.65
3 Net Profit/(Loss) (150.33) 5,801.58
4 Earnings Per Share -0.05 1.83
5 Total Assets 73,687.87 1,08,732.65
6 Total Liabilities 49,160.38 94,017.67
7 Net Worth 24,527.49 14,714.99


Audit qualification

Amount in (Lakhs)

Sr. Details of Audit Qualification Type of Audit Qualification Frequency of qualification For Audit Qualification(s) where the impact is quantified by the auditor For Audit Qualification(s) where the impact is not quantified by the auditor
Management's Views (i) Management's estimation on the impact of audit qualification (ii) If management is unable to estimate the impact, reasons for the same Auditors' Comments on (i) or (ii) above
1 Textual Information(1) Disclaimer of opinion Repetitive Textual Information(2) Textual Information(3) Textual Information(4) Textual Information(5)
2 Textual Information(6) Disclaimer of opinion Repetitive Textual Information(7) Textual Information(8) Textual Information(9) Textual Information(10)
3 Textual Information(11) Disclaimer of opinion Repetitive Textual Information(12) Textual Information(13) Textual Information(14) Textual Information(15)
4 Textual Information(16) Disclaimer of opinion Repetitive Textual Information(17) Textual Information(18) Textual Information(19) Textual Information(20)
5 Textual Information(21) Disclaimer of opinion Repetitive Textual Information(22) Textual Information(23) Textual Information(24) Textual Information(25)
6 Textual Information(26) Disclaimer of opinion Repetitive Textual Information(27) Textual Information(28) Textual Information(29) Textual Information(30)
7 Textual Information(31) Disclaimer of opinion Repetitive Textual Information(32) Textual Information(33) Textual Information(34) Textual Information(35)
8 Textual Information(36) Disclaimer of opinion Repetitive Textual Information(37) Textual Information(38) Textual Information(39) Textual Information(40)
9 Textual Information(41) Disclaimer of opinion Repetitive Textual Information(42) Textual Information(43) Textual Information(44) Textual Information(45)
10 Textual Information(46) Disclaimer of opinion Repetitive Textual Information(47) Textual Information(48) Textual Information(49) Textual Information(50)
11 Textual Information(51) Disclaimer of opinion Repetitive Textual Information(52) Textual Information(53) Textual Information(54) Textual Information(55)
12 Textual Information(56) Disclaimer of opinion Repetitive Textual Information(57) Textual Information(58) Textual Information(59) Textual Information(60)
13 Textual Information(61) Disclaimer of opinion Repetitive Textual Information(62) Textual Information(63) Textual Information(64) Textual Information(65)


Text Block

Textual Information(1) The company has not translated following monetary items denominated in foreign currency as at year ended closing rate and has been carried forward at the rate as at 31st March 2015, 31st March 2016, and / or 31st March 2017, which is not in accordance with Ind-AS -21 The Effect of changes in Foreign Exchange Rates and accounting policy followed by the Company. Quantified by the Auditor





Trade receivable amounting to Rs. 69,703.18 lacs



Trade payables and other payable amounting to Rs. 29717.66 lacs



Loans to subsidiary (including accrued interest) amounting to Rs. 2266.98 lacs



The company has not provided for cumulative exchange gain (net) on the above items amounting to Rs. 21,597.09 lacs including exchange gain amounting to Rs. 2,977.40 Lacs and exchange gain of Rs. 5,951.92 lacs pertaining to the quarter and year ended March 31, 2026 respectively. Accordingly, exchange gain for the quarter ended March 31, 2026 is understated by Rs. 2,977.40 lacs and by Rs. 5,951.92 for the year ended March 31, 2026

Textual Information(2) It was deemed prudent not to take cognizance of unrealised exchange difference on notional basis due to uncertainties with regard to expected time frame for realisation of Trade Receivables and loans to subsidiary. Consequently, the payment to creditors is also dependent on recovery from these Trade receivables. The company shall account for the actual exchange difference at the time of realization of these trade receivables and loans and at the time of payment to trade creditors/ other payables. The company shall account for the actual exchange difference & deferred tax liability at the time of actual occurrence of.



At present the matter is with RP appointed by NCLT and will be treated accordingly

Textual Information(3) COMPANY IS UNDER CIRP PROCESS
Textual Information(4) COMPANY IS UNDER CIRP PROCESS
Textual Information(5) COMPANY IS UNDER CIRP PROCESS
Textual Information(6) Had the claims of financial creditors, referred to in Para 1, exchange difference referred in para 3 and deferred tax referred to in para 6 above has been accounted for, consequential overstatement and understatement of assets and liabilities are as under: -







1.Trade Receivables Rs. 33860.45 lacs (Understatement)

2. Trade Payables Rs. 13176.93 lacs (Understatement)

3. Non-Current financial assets Rs. 587.93 lacs (Understatement)

4. Current Financial Assets Rs. 328.09 lacs (Understatement)

5. Current financial liabilities Rs. 2.46 lacs (Understatement)

6. Deferred Tax Assets Rs. 268.30 lacs (Understatement)

7. Borrowing (Understatement) Rs. 31677.89

8. Other Equity Rs. 9812.51 (Overstatement)



Due to uncertainties with respect to settlement of bank dues and interest, adjustments of trade receivables and payables and its consequential impact on taxation thereof, we are unable to ascertain the tax impact and liability, on the financial results. Quantified by the Auditor

Textual Information(7) The Management is taking all possible steps to revive the business operations and has approached consortium bankers for one-time settlement (OTS) of entire loan dues and assumes that Company will have adequate cash flow from export realization to defray its entire debt obligation in phased manner. Further, four lender banks have transferred and assigned its outstanding dues against company to an Asset Reconstruction Company and State Bank of India accepted the One Time Settlement (OTS) proposal submitted by the Company and Company has paid full OTS amounts to State Bank of India. However, OTS proposals submitted by the company to other banks are still under consideration. At present the matter is with RP appointed by NCLT and will be treated accordingly.
Textual Information(8) COMPANY IS UNDER CIRP PROCESS
Textual Information(9) COMPANY IS UNDER CIRP PROCESS
Textual Information(10) COMPANY IS UNDER CIRP PROCESS
Textual Information(11) The Company has made provision for expected credited loss of Rs. 1,017.02 Lacs against the interest receivable on loan from a subsidiary and has recognized loss of Rs. 49.00 lacs on current investment designated through FVTPL. No deferred tax assets thereon amounting to Rs. 268.30 lacs have been recognized which is not in accordance with Ind AS-12 Income Taxes"
Textual Information(12) The management has decided on basis of prudent not to recognize deferred tax asset.

At present the matter is with RP appointed by NCLT and will be treated accordingly

Textual Information(13) COMPANY IS UNDER CIRP PROCESS
Textual Information(14) COMPANY IS UNDER CIRP PROCESS
Textual Information(15) COMPANY IS UNDER CIRP PROCESS
Textual Information(16) We draw attention to Note No. 4(b) of financial results regarding default in repayment of loans and interest to banks (including ARC) owing to which the banks have classified the account as NPA and recalled its loans and has initiated various legal actions for recovery of its dues including legal action initiated under Insolvency and Bankruptcy Act, 2016, SARFESI Act, The Recovery of Debts due to Banks and Financial Institution Act, 1993. The outstanding loans, credit balances and interest due to banks (including ARC) amounting to Rs. 17,730.38 lacs and adhoc / repayment of loan amount to an asset reconstruction company (ARC) of Rs. 1,405.61 lacs for which no confirmation/ statements have been provided to us are subject to reconciliation and subsequent adjustments Not Quantified by the Auditor
Textual Information(17) The Company has received letters from ARC and Banks for assignment of debts of UCO Bank, Karnataka Bank, AXIS Bank and Central Bank of India in favour of ARC. The company has made payment of Rs. 1405.61 to ARC to adjust loans of above four banks debts assigned to ARC.



At present the matter is with RP appointed by NCLT and will be treated accordingly

Textual Information(18) COMPANY IS UNDER CIRP PROCESS
Textual Information(19) COMPANY IS UNDER CIRP PROCESS
Textual Information(20) COMPANY IS UNDER CIRP PROCESS
Textual Information(21) No provision for expected credit loss/ impairment relating to overdue Trade Receivables of Rs. 69,768.84 Lacs as per the requirement of Ind- AS 109 Financial Instruments. In view of defaults in payment obligations by the Trade Receivables on due date, non-recoveries from Trade Receivables, non-receipt of confirmations/ reconciliation from Trade receivables, initiation of legal action/ suits against Trade Receivables by the company, notices/ summon to the Company from Enforcement Directorate, Reserve Bank of India, Development Commissioner of Surat SEZ and in absence of clear forward looking information regarding outcome of pending legal actions initiated and time frame and quantum of realisability of these Trade receivables, we are unable to determine the amount of expected credit loss/ impairment based on provision matrix as per the requirements of Ind-AS 109 Financial Instruments and its consequential impact, on the financial results Not Quantified by the Auditor
Textual Information(22) The Management is of the view that due to certain unfavorable developments and sluggish market in earlier periods, the recovery from trade receivables is slow and there is a mismatch in the cash flow. The Management is hopeful that these trade receivables shall be recovered as the company has initiated legal action by way of sending legal notices and filing court cases. The company has filed legal suits in Mumbai High Court against majority of debtors and is in process of filing legal suits against other major debtors. Therefore, the company has not made provision for the expected credit loss/ impairment relating to overdue Trade Receivables.



At present the matter is with RP appointed by NCLT and will be treated accordingly

Textual Information(23) COMPANY IS UNDER CIRP PROCESS
Textual Information(24) COMPANY IS UNDER CIRP PROCESS
Textual Information(25) COMPANY IS UNDER CIRP PROCESS
Textual Information(26) No provision for the expected credit loss/ impairment on loan to a subsidiary amounting to Rs. 1,249.95 Lacs has been recognized as per the requirement of Ind- AS 109 Financial Instruments. The net worth of above subsidiary is negative and based on reasonable and supportable information regarding the current financial status and business condition of the subsidiary, there has been significant increase in credit risk and there could be delay/default in recovery of this amount. Considering the above, we are unable to comment on the amount of expected credit loss/ impairment and its consequential impact, on the financial results. Not Quantified by the Auditor
Textual Information(27) With regard to loan due from subsidiary of Rs. 1249.95 lacs, the same is in the nature of long-term loan for set up of business of the subsidiary and is part of net investment in the subsidiary. The operation of the subsidiary shall soon be revived and these loans will be recovered in near future.



At present the matter is with RP appointed by NCLT and will be treated accordingly

Textual Information(28) COMPANY IS UNDER CIRP PROCESS
Textual Information(29) COMPANY IS UNDER CIRP PROCESS
Textual Information(30) COMPANY IS UNDER CIRP PROCESS
Textual Information(31) Trade payables and other payables amounting to Rs. 29,717.66 lacs are outstanding since long for which neither any confirmation have been provided nor are we aware of any legal action initiated by the vendors against the Company. In absence of current status and relevant details, we are unable to comment on the payment obligation in this regard and its consequential impact on the financial results. Not Quantified by the Auditor
Textual Information(32) The company has filed legal suits in Mumbai High Court against majority of debtors and is in process of filing legal suits against other major debtors for recovery of dues.



Due to delay in realization of debtors, there is a delay in payment to creditors.



However, the Management to the best of its knowledge and belief has recorded all the transactions.

At present the matter is with RP appointed by NCLT and will be treated accordingly

Textual Information(33) COMPANY IS UNDER CIRP PROCESS
Textual Information(34) COMPANY IS UNDER CIRP PROCESS
Textual Information(35) COMPANY IS UNDER CIRP PROCESS
Textual Information(36) The Inventory has been taken on the basis of physical verification carried out by the management as at the year end and its valuation is based on determination of estimated net realizable value and specific identification which involves technical judgment of management. In the absence of any valuation by an independent expert, we have relied upon by the physical verification and valuation of the Inventory as certified and determined by the management. Not Quantified by the Auditor
Textual Information(37) Management has physically verified the

inventory as at year end and has properly valued the inventory based on determination of estimated net realizable value and specific identification

Textual Information(38) COMPANY IS UNDER CIRP PROCESS
Textual Information(39) COMPANY IS UNDER CIRP PROCESS
Textual Information(40) COMPANY IS UNDER CIRP PROCESS
Textual Information(41) The company has made investment of Rs. 2.03 lacs in its subsidiary namely M.B. Diamonds LLC and Rs. 7.44 lacs in its subsidiary namely Goenka Diamond and Jewels DMCC, the net-worth of these subsidiaries is negative. The Company has not made any provision for Impairment against these investments and advance. Not Quantified by the Auditor
Textual Information(42) The management is of the view that the

investment is in the nature of long term

investment and the diminution in value is of temporary in nature. The management is confident that the subsidiary shall revive its operations in near future and therefore no provision is required against such investment and advances.

Textual Information(43) COMPANY IS UNDER CIRP PROCESS
Textual Information(44) COMPANY IS UNDER CIRP PROCESS
Textual Information(45) COMPANY IS UNDER CIRP PROCESS
Textual Information(46) Balances with Banks amounting to Rs. 1.55 lacs (debit balances), Other non-current deposits amounting to Rs. 13.23 lacs, other current assets (balance with government authorities) amounting to Rs. 32.48 lacs, Other Current Assets and Liabilities are subject to confirmations and consequential adjustment thereof. Not Quantified by the Auditor
Textual Information(47) The management is of the opinion that all the transactions have been recorded on the books properly. Efforts are being made regularly for obtaining confirmations statements.
Textual Information(48) COMPANY IS UNDER CIRP PROCESS
Textual Information(49) COMPANY IS UNDER CIRP PROCESS
Textual Information(50) COMPANY IS UNDER CIRP PROCESS
Textual Information(51) The Companys operating results have been materially affected due to various factors including non-realization of unconfirmed Trade receivables, defaults in repayment of loans and interest to banks, non-availability of finance due to recall of loans by banks in consortium, legal actions/ insolvency proceedings initiated by banks against company for recovery of its dues, notices/ summon to company/director(s) from Enforcement Directorate, Reserve Bank of India, Development Commissioner of Surat SEZ and from other regulatory authorities, commencement of CIRP proceedings as stated in Note No. 1, Debt Recovery Tribunals and other courts for recovery of banks dues and possession/attachment/sale of companys properties, assignment and transfer of dues in favor of an asset reconstruction company (ARC), pending income tax demands and consequent attachment of bank accounts by Income tax department, reliance on occasional sales for meeting out expenses, overall substantial decrease in volume of business and sales, non-payment of statutory dues and taxes, overdue unconfirmed trade payable, non-realization of loan and interest thereon from a subsidiary etc. We are also unable to determine the impact of actions and forthcoming actions that may be taken by various legal and statutory authorities due to various factors mentioned herein above. These events cause significant doubts on the ability of the company to continue as a going concern. The appropriateness of the going concern assumption is dependent on the companys ability to raise adequate finance from alternative means, settlement of its due from banks and ARC, outcome of CIRP process and recoveries from overseas Trade Receivables to meet its short term and long term obligations as well as to establish consistent business operation. The above situation indicates that material uncertainty exist that cast significant doubt on companys ability to continue as a going concern



Not Quantified by the Auditor

Textual Information(52) The Companys operating results have been materially affected due to various factors including non-realization of unconfirmed Trade receivables, defaults in repayment of loans and interest to banks, non-availability of finance due to recall of loans by banks in consortium, legal actions/ insolvency proceedings initiated by banks against company for recovery of its dues, notices/ summon to company/director(s) from Enforcement Directorate, Reserve Bank of India, Development Commissioner of Surat SEZ and from other regulatory authorities, commencement of CIRP proceedings as stated in Note No. 1, Debt Recovery Tribunals and other courts for recovery of banks dues and possession/attachment/sale of companys properties, assignment and transfer of dues in favor of an asset reconstruction company (ARC), pending income tax demands and consequent attachment of bank accounts by Income tax department, reliance on occasional sales for meeting out expenses, overall substantial decrease in volume of business and sales, non-payment of statutory dues and taxes, overdue unconfirmed trade payable, non-realization of loan and interest thereon from a subsidiary etc. We are also unable to determine the impact of actions and forthcoming actions that may be taken by various legal and statutory authorities due to various factors mentioned herein above. These events cause significant doubts on the ability of the company to continue as a going concern. The appropriateness of the going concern assumption is dependent on the companys ability to raise adequate finance from alternative means, settlement of its due from banks and ARC, outcome of CIRP process and recoveries from overseas Trade Receivables to meet its short term and long term obligations as well as to establish consistent business operation. The above situation indicates that material uncertainty exist that cast significant doubt on companys ability to continue as a going concern



Not Quantified by the Auditor

Textual Information(53) COMPANY IS UNDER CIRP PROCESS
Textual Information(54) COMPANY IS UNDER CIRP PROCESS
Textual Information(55) COMPANY IS UNDER CIRP PROCESS
Textual Information(56) In absence of any sufficient appropriate audit evidences regarding certainty, quantum and time frame for recovery from Trade receivable, loan to subsidiary (including interest), outcome of pending legal action initiated against Trade receivables and undergoing legal cases/ insolvency proceedings by banks against company for recovery of loans and possession of Companys properties, commencement of Corporate Insolvency Resolution Process CIRP proceedings and appointment of Insolvency Resolution Professional (RP), transfer of banks dues in favor of Asset reconstruction Company (ARC), other factors such as non-availability of confirmations of Trade Receivables, Trade payables, Borrowings, balances with ARC, Loans and Advances and bank accounts, non-payment of Trade payables and other liabilities including statutory dues, non-availability of finance due to recalling of the bank finance and attachment of bank accounts by Income tax department against its dues, impact of actions and forthcoming actions that may be taken by various legal and statutory authorities due to various factors mentioned herein etc and in view of multiple uncertainties and other factors as stated above we are unable to determine the possible effect on the financial result and ability of the company to continue as a going concern.



Because of the significance of the matters described in the Basis of Disclaimer of Opinion section of our report, absence of sufficient appropriate audit evidences and Material uncertainty related to Going Concern paragraph below, it is not possible to form an opinion on the financial results due to the potential interaction of the uncertainties and their possible cumulative effect on the standalone financial results. Accordingly, we do not express an opinion on the standalone financial results. Not Quantified by the Auditor

Textual Information(57) Auditor have not expressed an opinion on the financial statement due to the reason has mentioned the auditors comments.





At present the matter is with RP appointed by NCLT and will be treated accordingly

Textual Information(58) COMPANY IS UNDER CIRP PROCESS
Textual Information(59) COMPANY IS UNDER CIRP PROCESS

Textual Information(60) COMPANY IS UNDER CIRP PROCESS
Textual Information(61) We draw attention to Note No 1 of the financial results regarding commencement of Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Act, 2016 and appointment of Resolution Professional (RP) to carry function as mentioned under the Code. Consequently, the powers of Board stand suspended and are exercised by the RP in line with the provisions of the Code. Subsequent to issue of public announcement by RP, the claims submitted by the financial creditors, operational creditors and operational creditors (Govt. Dues) have been collated and admitted by the RP. Attention is invited to Note No. 1(B) wherein the secured financial creditors have submitted claims amounting to Rs. 49,408.27 lakhs against the outstanding amount of Rs. 17,730.38 lakhs as appearing in the books of accounts of the company. The differential amount of Rs. 31,677.89 lakhs which is pertaining to interest and other adjustments have not been accounted for and to that extent interest and liability has not been provided by the Company. Also, no accounting adjustment has been carried out of any short and/or excess claims received by the RP in respect of Operation Creditors (Govt. Dues) amounting to Rs. 5,070.17 lakhs and other operational creditors of Rs. 29.77 lakhs. During the year, National Company Law Tribunal (NCLT) passed an order dated December 2, 2025 rejecting the Resolution Plan submitted by Committee of Creditors (CoC) and initiating the liquidation proceedings by appointing Official Liquidator against which the management of the Company filed an appeal before National Company Law Appellate Tribunal (NCLAT). NCLAT vide order dated December 9, 2025 stayed the appointment of liquidator and ordered RP to keep the company functioning as going concern. The matter is pending further hearing in NCLAT

Textual Information(62) Corporation bank had filed petition with NCLT and the same has been admitted by the NCLT in December 2022 and the RP has been appointed by the NCLT.



At present the matter is pending in NCLAT and NCLAT has vide its order dated December 09, 2025 authorised RP to keep the company as going concern, the matter is pending for further hearing and will be treated accordingly

Textual Information(63) COMPANY IS UNDER CIRP PROCESS
Textual Information(64) COMPANY IS UNDER CIRP PROCESS
Textual Information(65) COMPANY IS UNDER CIRP PROCESS


Signatories detail

Name of CEO / Managing director NAVNEET GOENKA
Name of CFO NAVNEET GOENKA
Name of audit committee chairman TUSHAR MOMAIYAH
Name of statutory auditor UMMED JAIN AND CO
Name of other signatory, if any, with designation SOURABH MALPANI, RESOLUTION PROFESSIONAL
Place MUMBAI
Date 30-05-2026


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 GOENKA DIAMOND AND JEWLES LIMITED Sanjeev Kumar Jain DIRECTOR Remuneration APPROVED 0.00 30-05-2024 2.11 0.00 0.00
2 GOENKA DIAMOND AND JEWLES LIMITED Bhawna Goenka Related Party Any other transaction DEPOSIT AND RENT RECEIVABLE APPROVAL NOT REQUIRED 0.00 30-05-2024 0.00 14.63 14.63
3 GOENKA DIAMOND AND JEWLES LIMITED Nirmala Goenka Related Party Any other transaction DEPOSIT AND RENT RECEIVABLE APPROVAL NOT REQUIRED 0.00 30-05-2024 0.00 16.43 16.43
4 GOENKA DIAMOND AND JEWLES LIMITED Goenka Diamond and Jewels DMCC Subsidiary Interest received APPROVAL NOT REQUIRED 0.00 30-05-2024 36.76 0.00 0.00
5 GOENKA DIAMOND AND JEWLES LIMITED Nandlal Goenka Whole Time Director Remuneration APPROVAL NOT REQUIRED 0.00 30-05-2024 0.00 17.86 17.86
6 GOENKA DIAMOND AND JEWLES LIMITED Navneet Goenka Managing Director Any other transaction REMUNERATION RECEIVABLE AND DEPOSIT APPROVAL NOT REQUIRED 0.00 30-05-2024 0.00 30.67 30.07
7 GOENKA DIAMOND AND JEWLES LIMITED Goenka Diamond and Jewels DMCC Subsidiary Advance APPROVAL NOT REQUIRED 0.00 30-05-2024 0.00 1,249.95 1,249.95
8 GOENKA DIAMOND AND JEWLES LIMITED Solitaire Diamond Exports Subsidiary Any other transaction SHARE OF PROFIT APPROVAL NOT REQUIRED 0.00 30-05-2024 (1.13) (495.04) (496.17)
9 GOENKA DIAMOND AND JEWLES LIMITED Goenka Diamond and Jewels DMCC Subsidiary Investment APPROVAL NOT REQUIRED 0.00 30-05-2024 0.00 7.45 7.45
10 GOENKA DIAMOND AND JEWLES LIMITED MB DIAMONDS LLC Subsidiary Investment APPROVAL NOT REQUIRED 0.00 30-05-2024 0.00 2.03 2.03
11 GOENKA DIAMOND AND JEWLES LIMITED Solitaire Diamond Exports Subsidiary Investment APPROVAL NOT REQUIRED 0.00 30-05-2024 0.00 10.00 10.00
Total value of transaction during the reporting period 37.74





Format for Disclosing Outstanding Default on Loans and Debt Securities

Amount in (Lakhs)

<
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date 17,730.38
B Of the total amount outstanding, amount of default as on date 17,730.38
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date 0.00
B Of the total amount outstanding, amount of default as on date 0.00
3. Total financial indebtedness of the listed entity including short-term and long-term debt 17,730.38