Manoj Vaibhav Gems N Jewellers MD, chairman, board of directors and AGM
NSE: MVGJLBSE: 543995Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹209.35.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹960 Cr1,608th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 10 Oct 2026
- 7.9
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 10 Oct 2026
- 1.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 10 Oct 2026
- 15.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 10 Oct 2026
- 14.1%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 10 Oct 2026
- 0.55
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 4,94,76831.8% delivered
Manoj Vaibhav Gems N Jewellers board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.
- Chairperson and managing directorBHARATA MALLIKA RATNA KUMARI GRANDHIRelated to the promoter
- Managing directorGONTLA RAKHAL
- Company Secretary and Compliance OfficerBandari Shiva Krishna
8 directors4 independent4 executive
- BHARATA MALLIKA RATNA KUMARI GRANDHI · Chairperson and managing directorExecutive · joined Oct 2001 · reappointed Feb 2022 · 1 listed board
- GRANDHI SAI KEERTHANAExecutive · joined Feb 2012 · reappointed Mar 2022 · 1 listed board · 2 committee seats
- GRANDHI SAI SINDHURIExecutive · joined Jan 2012 · reappointed Mar 2022 · 1 listed board
- GONTLA RAKHAL · Managing directorExecutive · joined Aug 2025 · reappointed Aug 2025 · 1 listed board
- SRIDEVI DASARIIndependent · joined Jul 2022 · reappointed Jul 2022 · 50 months as independent · 2 listed boards · 2 as independent · 4 committee seats, 1 as chair
- ADABALA SESHAGIRI RAOIndependent · joined Jul 2022 · reappointed Jul 2022 · 50 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 4 as chair
- RAMESH BABU NEMANIIndependent · joined Jul 2022 · reappointed Jul 2022 · 50 months as independent · 4 listed boards · 4 as independent · 8 committee seats, 5 as chair
- JONNADA VAGHIRA KUMARIIndependent · joined Aug 2025 · reappointed Aug 2025 · 13 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 3 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 10 Aug 20268 of 8 present4 independent · 79 days in between
- 22 May 20268 of 8 present4 independent
Audit Committee
Chair ADABALA SESHAGIRI RAO
RAMESH BABU NEMANI, SRIDEVI DASARI, GRANDHI SAI KEERTHANA
- 10 Aug 20264 of 4 present3 independent · 79 days in between
- 22 May 20264 of 4 present3 independent
Nomination and remuneration committee
Chair SRIDEVI DASARI
ADABALA SESHAGIRI RAO, RAMESH BABU NEMANI, JONNADA VAGHIRA KUMARI
- 10 Aug 20264 of 4 present4 independent · 79 days in between
- 22 May 20264 of 4 present4 independent
Stakeholders Relationship Committee
Chair RAMESH BABU NEMANI
ADABALA SESHAGIRI RAO, SRIDEVI DASARI, GRANDHI SAI KEERTHANA, JONNADA VAGHIRA KUMARI
No meeting listed in the filing.
Risk Management Committee
Chair BHARATA MALLIKA RATNA KUMARI GRANDHI
GRANDHI SAI KEERTHANA, RAMESH BABU NEMANI, GONTLA RAKHAL
- 10 Aug 20264 of 4 present1 independent
Corporate Social Responsibility Committee
Chair BHARATA MALLIKA RATNA KUMARI GRANDHI
GRANDHI SAI KEERTHANA, GRANDHI SAI SINDHURI, SRIDEVI DASARI
- 10 Aug 20264 of 4 present1 independent · 79 days in between
- 22 May 20264 of 4 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- Sagar & AssociatesPeer-review certificate valid to Nov 2028
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Manoj Vaibhav Gems N Jewellers AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Manoj Vaibhav Gems N Jewellers share news and announcements
Annual general meeting, 25 Sep 2026
30,580 shareholders on the register on 18 Sep 2026; present: 7 promoters and 43 others; votes counted by Mrs N.Vanitha / Pracising Company Secretary.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.76%
Turnout: all 74.31% · promoters 100.00% · institutions 0.00% · other public 0.14%
- To appoint a director in place of Mrs. Sai Keerthana Grandhi (DIN: 05211918), who retires by rotation and being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 37.57%
Turnout: all 74.31% · promoters 100.00% · institutions 0.00% · other public 0.14%
- Re-appointment of Statutory Auditors and fix their remuneration.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 35.84%
Turnout: all 74.31% · promoters 100.00% · institutions 0.00% · other public 0.14%
- Re-appointment of Mrs. Bharata Mallika Ratna Kumari Grandhi (DIN: 00492520) as Chairperson & Managing Director of the Company and approval of her remuneration.SpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 41.47%
Turnout: all 74.31% · promoters 100.00% · institutions 0.00% · other public 0.14%
- Re-appointment of Mrs. Sai Keerthana Grandhi (DIN: 05211918) as Whole time Director of the Company and approval of her remunerationSpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 41.47%
Turnout: all 74.31% · promoters 100.00% · institutions 0.00% · other public 0.14%
- Re-appointment of Mrs. Sai Sindhuri Grandhi (DIN: 02795856) as an Executive Director of the Company and approval of her remuneration.SpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 41.47%
Turnout: all 74.31% · promoters 100.00% · institutions 0.00% · other public 0.14%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 26 Sep 2025, 7 resolutions
31,525 shareholders on the register on 19 Sep 2025; present: 5 promoters and 37 others; votes counted by Mrs N.Vanitha / Pracising Company Secretary.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2025, together with the Reports of the Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.33%
Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 1.09%
- To appoint a director in place of Mrs. Sai Sindhuri Grandhi (DIN: 02795856), who retires by rotation and being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 5.17%
Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 1.09%
- Appointment of M/s. P.S. Rao & Associates, Company Secretaries as Secretarial Auditors of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 1.41%
Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 1.09%
- To approve the revision in the remuneration of Mrs. Sai Keerthana Grandhi, Whole-time Director & CFO (DIN- 05211918).SpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 7.83%
Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 1.09%
- Appointment of Mr. Rakhal Gontla (DIN: 07707477) as Director of the company.OrdinaryPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 4.93%
Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 1.09%
- Appointment of Mr. Rakhal Gontla (DIN: 07707477) as Joint Managing Director of the CompanySpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.46%
Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 1.09%
- Appointment of Mrs. Jonnada Vaghira Kumari (06962857) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.49%
Turnout: all 74.53% · promoters 100.00% · institutions 0.00% · other public 1.09%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Sep 2024, 6 resolutions
Present: 7 promoters and 37 others.The company's voting result (opens in a new tab)
- To consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2024 together with the Reports of the Board of Directors and Auditors thereon.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 74.36% · promoters 100.00% · institutions 0.00% · other public 0.39%
- To appoint a Director in place of Mrs. Sai keerthana Grandhi (DIN: 05211918), who retires by rotation and being eligible, offers herself for re-appointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 3.29%
Turnout: all 74.36% · promoters 100.00% · institutions 0.00% · other public 0.39%
- Increase in aggregate limit of investment and holding by Non-Resident Indians (NRI’s)/ Overseas Citizens of India (OCI) in the equity share capital of the companySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 4.05%
Turnout: all 74.36% · promoters 100.00% · institutions 0.00% · other public 0.39%
- To approve the revision in the remuneration of Mrs. Bharata Mallika Ratna Kumari Grandhi, Chairperson & Managing Director (DIN- 00492520).SpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 21.35%
Turnout: all 63.40% · promoters 85.25% · institutions 0.00% · other public 0.39%
- To approve the revision in the remuneration of Mrs. Sai Keerthana Grandhi Whole-time Director & Chief Financial Officer (‘CFO’) (DIN- 05211918).SpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 24.12%
Turnout: all 74.28% · promoters 99.89% · institutions 0.00% · other public 0.39%
- To approve the revision in the remuneration of Mrs. Sai Sindhuri Grandhi, Executive Director (DIN- 02795856).SpecialPromoters have an interest in it99.97% for0.03% against
Against: promoters 0.00% · institutions 0.00% · other public 24.12%
Turnout: all 74.32% · promoters 99.94% · institutions 0.00% · other public 0.39%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes
Reported in the filing for the quarter to Sep 2026.
- Tax disputeThe Principal Commissioner of Income Tax (Petitioner)Since 1 Apr 2021awaiting for next hearing dateAt the filing before: Awaiting for next hearing date from Hon'able AP High Court.
- Tax disputeThe Dy.Commissioner of Income Tax,Central Circle-1,VisakhapatnamSince 28 Mar 2026We received a favourable order u/s.250 on 14/08/2026 from CIT(A).At the filing before: We have filed an appeal at Commissioner of Appeals-3, MVP Colony, Visakhapatnam
- Tax disputeThe Commissioner of Central Tax(CGST Appeals), D No.3-30-15, Ring Road, Guntur, Pin.522006.Since 26 Mar 2025Appeal filed and waiting for hearing dateAt the filing before: Appeal filed and waiting for hearing date before Hon'ble First Appelate Authority
- Tax disputeThe Additional Commissioner-CGSTSince 18 Jun 2026Appeal filed and waiting for hearing dateAt the filing before: Appeal filed and waiting for hearing date before Hon'ble First Appelate Authority
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Mar 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesSep 2023, checked by Care Ratings Ltd | 21.00 | Estimated capital expenditure cost for the proposed eight (8) new showrooms | 1.20 | 1.20 | No |
| Public IssuesSep 2023, checked by Care Ratings Ltd | 21.00 | Estimated inventory cost for New Showrooms proposed to be opened | 16.00 | 16.00 | No |
| Public IssuesSep 2023, checked by Care Ratings Ltd | 21.00 | General Corporate Purpose | 1.73 | 1.73 | No |