Esprit Stones Approves FY26 Audited Results

esprit stones has approved its audited standalone and consolidated financial results for the year ended March 31, 2026. The decision was made during a Board of Directors meeting held on May 16, 2026. Additionally, the Board appointed M/s. Pallavi Mehta and Associates as the Internal Auditor for the financial year 2026-27.

Financial Results and Auditor’s Report

The audited financial results for the year ended March 31, 2026, were reviewed by the Audit Committee and approved by the Board. The Statutory Auditor issued an unmodified opinion on the standalone and consolidated financial results. The company noted that it disposed of its entire 51% equity stake in Addwaya Chemicals Private Limited on September 30, 2025, for a consideration of INR 120.87 lakhs, resulting in the cessation of its status as a subsidiary. The resultant profit or loss from this disposal has been recognized in the financial statements.

IPO Fund Utilization

The company provided a certificate regarding the utilization of funds raised through its Initial Public Offer (IPO), which was listed on August 2, 2024. The total amount raised was INR 5,035.42 lakhs. As of March 31, 2026, the company reported no deviation in the utilization of funds. The funds were allocated towards investments in subsidiary Haique Stones Private Limited, funding working capital requirements, and issue-related expenses.

Internal Auditor Appointment

M/s. Pallavi Mehta and Associates has been appointed as the Internal Auditor for the financial year 2026-27. The firm, established in 2011 by Pallavi Nahar, is a professionally managed practice registered with the Institute of Chartered Accountants of India. It offers specialized services including Operational and Efficiency Audits, Internal Audits, Management Consultancy, and Tax Planning.

The table below summarizes the key details of the appointment:

Sr. No. Details of events Information of such event (s) 1. Reason for Change Appointment as Internal Auditor of the Company 2. Date of appointment Board Meeting dated 16 May, 2026 3. Brief Profile Pallavi Nahar is a DISA-Qualified Practicing Chartered Accountant. Firm established in 2011, offering specialized audit and consultancy services. 4. Disclosure of Relationship Not applicable

Esprit Stones Limited announced on May 11, 2026, that its Board of Directors has approved a significant capital investment to establish a new pressing line for the manufacturing of engineered quartz surfaces. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and pertains to the company's factory unit located at Khasra No. 1106-1109, Revenue Village Bhilwada, Lakhawali, Udaipur, Rajasthan, India-313011.

Capacity Addition Details

The Board has sanctioned an investment of INR 35 crores to add a new pressing line with a proposed capacity of 5,000 slabs per month. This is in addition to the company's existing pressing line capacity of 9,600 slabs per month, which currently operates at a utilisation rate of 48%. The new capacity is targeted to be operational between January 2027 and March 2027. The following table summarises the key parameters of the announced expansion:

Parameter: Details Existing Capacity: 9,600 Slabs per month of Pressing Lines Existing Capacity Utilization: 48% Proposed Capacity Addition: 5,000 Slabs per month of Pressing Line Implementation Period: Jan'27 to Mar'27 Investment Required: INR 35 crores Mode of Financing: Bank finance and Internal accruals Factory Location: Khasra No. 1106-1109, Revenue Village Bhilwada, Lakhawali, Udaipur, Rajasthan

Rationale for Expansion

According to the disclosure, the investment is aimed at upgrading the company's technological capabilities to manufacture high-end and contemporary designs while achieving significant cost efficiencies and precision through automation. The expansion is also intended to improve Esprit Stones' overall competitive positioning in the global engineered surfaces market.

Financing Structure

The proposed capital expenditure of INR 35 crores will be funded through a combination of bank finance and internal accruals. The disclosure was signed by Anjali Pandey, Company Secretary and Compliance Officer, on May 11, 2026, and the information has also been made available on the company's official website.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation.

We plan to change that - a technology-led and artificial intelligence enabled platform built for super traders and long term investors.

Disclaimer:

The data and information provided on this website is for general informational and research purposes only. While we strive to ensure that the content is accurate, up-to-date, and reliable, this platform utilizes artificial intelligence (AI) tools to generate, curate, and summarize information. As such, the content may occasionally contain errors, omissions, or outdated information. All users are therefore advised to cross verify the source of the data and information.

This website does not constitute professional, legal, financial, medical, or any other form of licensed advice. Users are encouraged to independently verify any information before relying on it, especially for decisions that may have legal, financial, or personal consequences.

The views, analyses, and summaries presented on this platform may be generated or assisted by AI and do not necessarily reflect the opinions of the website owners, operators, editors, or affiliates.

We make no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, suitability, or availability of the information contained on this website. Any reliance you place on such information is strictly at your own risk.

This website may include links to third-party sources or content. We do not control or endorse the nature, accuracy, or availability of those external sites and are not responsible for any content or damages arising from their use.

By using this website, you acknowledge and agree that the use of AI-generated content involves inherent limitations, uncertainties and inaccuracies, and you accept full responsibility for how you interpret and use the information provided.

We reserve the right to modify, update, or remove content and this disclaimer at any time without prior notice.