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Latest filing: 2026-10-12 13:14
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12 announcements match the current filters (relevance ≥ 5).
Jaipur Kurti Opens 4 Stores in One Day, Advancing Project 50 Target to 50 Stores by March 2027
Nandani Creation Limited announced the opening of four new retail stores in a single day under its 'Jaipur Kurti' brand, located in Gurgaon, Jammu, Jaipur, and Delhi. This move accelerates 'Project 50', an expansion initiative launched in September 2026 to grow its retail footprint from 18 to 50 stores by March 31, 2027. The company currently generates ₹119 Cr in TTM revenue with an operating margin of 7.6%, and is using an omnichannel strategy to diversify away from third-party marketplace dependence. Capex details and financial investment figures for the new stores were not disclosed.
Confidence: HIGH
What changedNandani Creation expanded its physical store footprint by launching four exclusive brand outlets simultaneously in North India.
Why it mattersThe retail expansion reduces reliance on third-party online marketplaces (which historically contributed over 60% of sales) and supports higher average selling prices via direct consumer engagement.
Stores opened in single day: 4Target store count by March 31, 2027: 50Base store count before Project 50: 18Store network increase target: 177.8%
📅 Short termPositive for retail brand visibility ahead of festive shopping periods, though upfront lease and setup costs could keep near-term operating margins under pressure.
📈 Long termSuccessful execution of scaling to 50 stores by March 2027 could structurally strengthen omnichannel distribution, brand equity, and working capital cycles.
⚠ Risk flags
- Execution and lease cost risks associated with aggressive offline retail expansion
- Working capital and inventory build-up across new physical locations
- Capex and store rollout investment details not disclosed
Key Highlights
Opened 4 stores in a single day across Gurgaon (DT Mega Mall), Jammu, Jaipur (Pacific Mall), and Delhi (Rajouri Garden)
Accelerates 'Project 50' launched in September 2026 to scale retail network from 18 stores to 50 stores
Target completion date for reaching 50 stores is set for March 31, 2027
Stores will operate under a mix of exclusive brand outlet formats including COCO and FOFO models
👀 What to Watch
Track the pace of net store additions toward the 50-store target and monitor upcoming quarterly results to assess whether offline expansion improves operating margins from the current 7.6%.
Nandani Creation allots 5.75 lakh shares via warrant conversion at ₹44 each
Nandani Creation's Board approved the allotment of 5,75,000 equity shares following the conversion of warrants by promoters Sunita Devi Mundhra and Anuj Mundhra. The conversion was executed at an issue price of ₹44 per share, fetching balance consideration of ₹33 per share (approx. ₹1.90 crore) into the company. Following this allotment, the company's paid-up equity capital increased from ₹19.82 crore to ₹20.39 crore. Notably, the exercise price of ₹44 stands at a significant premium to the current market price of ₹28.5.
Confidence: HIGH
What changedPromoters exercised 5,75,000 warrants, increasing total outstanding equity shares to 2,03,90,714 from 1,98,15,714.
Why it mattersPromoters infused ~₹1.90 crore of fresh equity at ₹44 per share, significantly above the current market price of ₹28.5, signaling insider commitment.
Shares allotted: 5,75,000Warrant issue price: Rs. 44Balance received per share: Rs. 33Total capital raised this tranche: ~Rs. 1.90 CrFundraise vs market cap: ~3.5%
📅 Short termMarginal positive sentiment as promoters infuse funds at ₹44 per share despite the stock trading at a lower market price.
📈 Long termLimited operational impact, but strengthens the net worth and liquidity modestly while marginally diluting equity base.
⚠ Risk flags
- Equity dilution of ~2.9% on expanded share capital
- Balance warrants remaining unconverted close to the 18-month tenure
Key Highlights
Conversion of 5,75,000 warrants into equity shares of face value ₹10 each
Balance payment received at ₹33 per share against full issue price of ₹44 per share
Paid-up share capital increased from ₹19,81,57,140 to ₹20,39,07,140
Promoter Anuj Mundhra's shareholding increased to 24.29% and Sunita Devi Mundhra's to 9.57%
Total preferential warrants originally allotted on April 10, 2025 stood at 35,32,500
👀 What to Watch
Track the conversion or lapse of the remaining balance of 35,32,500 warrants before the 18-month deadline from April 10, 2025 expires.
Nandani Creation Outlines 'Project 50' to Expand EBO Network to 50 Stores by March 2027
Nandani Creation Limited (Jaipur Kurti) shared updates from its 14th AGM, reporting ~₹110 crore turnover in FY26, a ~50% growth over FY25. The company announced 'Project 50', aiming to expand its Exclusive Brand Outlet (EBO) count to 50 stores by March 2027 from its current footprint of 16 retail stores (8 COCO and 8 FOFO). It also operates across various formats including 80+ Reliance Trends and 70+ SIS stores, alongside major e-commerce platforms.
Confidence: HIGH
What changedFormal announcement of 'Project 50' to scale EBO presence to 50 stores by March 2027.
Why it mattersExpanding physical stores reduces dependency on third-party online marketplaces (currently ~61% of sales) and enhances direct customer touchpoints, though retail expansion carries operational overheads.
Reported FY26 turnover: ₹110 croreTarget EBO store count by March 2027: 50 storesCurrent exclusive stores (COCO + FOFO): 16 storesReliance Trends store presence: 80+ stores
📅 Short termInformational post-AGM release with limited immediate market impact, though reaffirming top-line execution.
📈 Long termScaling to 50 EBOs along with strong D2C and LFR partnerships could improve brand equity and unit margins if inventory turnover remains controlled.
⚠ Risk flags
- Execution risk in store rollout and potential working capital stretch from retail expansion
- High baseline platform dependency with online marketplaces
Key Highlights
Recorded FY26 turnover of approximately ₹110 crore, growing ~50% YoY
Targets expanding EBO network to 50 stores by March 2027 under 'Project 50'
Currently operates 16 exclusive stores (8 COCO and 8 FOFO) across North and West India
Footprint includes 80+ Reliance Trends, 70+ SIS, 30+ Shoppers Stop, and 20+ Reliance Centro stores
👀 What to Watch
Track the quarterly addition run-rate towards the 50-store target and monitor working capital and operating margins to ensure offline store rollout does not pressure cash flows.
Promoter Converts 2.25 Lakh Warrants into Equity at Rs 44/Share; Inflow of Rs 74.25 Lakh
Nandani Creation's Board approved the allotment of 2,25,000 equity shares following the conversion of warrants by promoter Anuj Mundhra. The conversion was executed at Rs 44 per share upon receipt of the 75% balance of Rs 33 per share, bringing in approximately Rs 74.25 lakh in cash. This increases the company's paid-up share capital from Rs 19.59 crore to Rs 19.82 crore. The promoter's individual holding in the company increases from 22.73% to 23.61%.
Confidence: HIGH
What changedPromoter Anuj Mundhra converted 2.25 lakh preferential warrants into equity shares after paying the remaining 75% subscription price.
Why it mattersProvides a modest equity capital infusion of Rs 74.25 lakh, signals promoter commitment at Rs 44 per share (well above the current market price of ~Rs 25.9), and causes minor equity dilution of ~1.1%.
Shares allotted: 2,25,000Conversion price per share: Rs. 44/-Fresh cash received: Rs 74.25 lakhCash inflow vs Market cap: ~1.5%Post-allotment paid-up capital: ₹ 19,81,57,140
📅 Short termPositive sentiment from promoter infusing funds at Rs 44/share against a prevailing market price of Rs 25.9.
📈 Long termLimited operational impact due to small quantum, but reinforces promoter alignment and adds marginally to equity capital.
⚠ Risk flags
- Potential equity dilution if the balance of the 35,32,500 warrants is converted
- Risk of unexercised warrants lapsing upon expiry of the 18-month period
Key Highlights
Conversion of 2,25,000 warrants into 2,25,000 equity shares of face value Rs 10 each
Issued at Rs 44 per share with Rs 33 per share received as 75% balance consideration
Promoter Anuj Mundhra's shareholding increased from 22.73% (44,53,127 shares) to 23.61% (46,78,127 shares)
Paid-up share capital expanded from Rs 19,59,07,140 to Rs 19,81,57,140
Warrants originate from 35,32,500 warrants allotted on April 10, 2025, with an 18-month tenure ending October 2026
👀 What to Watch
Track the conversion status of the remaining warrants from the April 10, 2025 allotment, as the 18-month conversion deadline concludes around October 2026.
Jaipur Kurti Targets 50 Stores by March 2027 Under 'Project 50' Retail Expansion
Nandani Creation Limited has launched 'Project 50' to scale its exclusive retail store footprint from 18 to 50 stores by March 31, 2027. The company plans to add 32 net new stores at an opening pace of 4 to 6 stores per month. This expansion aims to build an integrated omnichannel network alongside its current presence in over 80 Reliance Trends and 30 Shoppers Stop counters. For a micro-cap company with TTM revenue of ₹119 Cr and ₹32 Cr in debt, tripling physical stores is a major operational shift.
Confidence: HIGH
What changedNandani Creation announced a formal retail expansion program ('Project 50') to nearly triple its standalone store footprint by March 2027.
Why it mattersA rapid rollout of 32 stores can significantly boost offline brand equity and revenue scale, but could strain balance sheet cash flows if store-level economics and working capital are not tightly managed.
Target store count: 50 storesNet store additions planned: 32Target completion date: March 31, 2027Planned addition pace: 4–6 stores per monthTotal debt (latest): ₹32 Cr
📅 Short termPositive sentiment regarding aggressive offline rollout plans, though immediate capex funding details were not disclosed.
📈 Long termCould significantly derisk the company from third-party online marketplace dependence (61.2% of sales historically) if execution matches unit economics targets.
⚠ Risk flags
- Execution and capex funding risk for adding 32 stores within ~7 months
- Working capital strain and inventory lockup across new retail locations
- Relatively high leverage for a micro-cap (Debt of ₹32 Cr vs Net Worth of ₹65 Cr)
Key Highlights
Targeting expansion from 18 existing stores to 50 retail stores by March 31, 2027
Adding 32 net new stores at a rollout pace of 4 to 6 stores per month
Current physical presence includes 8 COCO and 8 FOFO stores, plus 70+ SIS and 80+ Reliance Trends stores
Company reported ₹119 Cr in TTM revenue with an operating margin of 7.6%
👀 What to Watch
Monitor quarterly store additions against the 4–6 per month target and track working capital requirements and debt levels in upcoming quarterly results.
Nandani Creation Approves Q1 FY27 Un-Audited Financial Results
Nandani Creation (Jaipur Kurti) has approved its standalone and consolidated un-audited financial results for the quarter ended June 30, 2026. The board meeting was brief, lasting 30 minutes, and included the review of the statutory auditor's limited review report. As a small-cap company with a Rs 56 Cr market cap, these results are critical to assessing if the company can improve its TTM OPM of 7.7%. Investors should compare these results against the June 2025 quarter, which saw revenue of Rs 27.16 Cr and PAT of Rs 0.72 Cr.
Confidence: HIGH
What changedThe company has formally transitioned from FY26 to FY27 reporting by releasing its first-quarter financial performance data.
Why it mattersFor a micro-cap company, quarterly consistency is vital to address the -28.8% one-year price decline and to validate the success of its omnichannel expansion strategy.
Market Cap: Rs 56 CrTTM Revenue: Rs 113 CrTTM OPM: 7.7%Promoter Holding: 41.65%Debt to Equity: 0.49
📅 Short termStock performance in the coming days will depend on the specific revenue and margin growth compared to the Rs 27.16 Cr revenue reported in Jun 2025.
📈 Long termLong-term value depends on reducing dependency on third-party marketplaces (currently 61.2% of sales) and improving the 7.0% ROCE.
⚠ Risk flags
- Platform dependency risk (61.2% sales from third-party sites)
- Fashion risk and potential inventory write-downs
- Low ROCE of 7.0%
Key Highlights
Board approved Un-Audited Financial Results for the quarter ended June 30, 2026
Meeting commenced at 6:00 PM and concluded at 6:30 PM on August 10, 2026
Company maintains a TTM revenue base of Rs 113 Cr as per latest financial context
Promoter holding remains stable at 41.65% as of June 2026
Statutory Auditors' Limited Review Report was taken on record without immediate qualification mentioned
👀 What to Watch
Analyze the detailed P&L to see if the company is maintaining its 15% growth target and if the Average Selling Price (ASP) continues to trend toward the Rs 1,600 target.
Nandani Creation Approves Audited FY26 Financial Results; Receives Unmodified Audit Opinion
Nandani Creation Limited (JAIPURKURT) has approved its audited standalone and consolidated financial results for the quarter and full year ended March 31, 2026. The company's statutory auditors, M/s PC Modi & Co., issued an unmodified opinion, confirming the reliability of the financial statements. The board also cleared the statement of assets, liabilities, and cash flows for the fiscal year. This announcement confirms the completion of the annual audit process for the 2025-26 period.
Key Highlights
Approved audited standalone and consolidated financial results for the fiscal year ended March 31, 2026.
Statutory auditors issued an unmodified audit report, indicating no major accounting discrepancies.
The board meeting concluded within 70 minutes, starting at 6:30 P.M. and ending at 7:40 P.M. on May 28, 2026.
Trading window for company insiders will reopen 48 hours after the declaration of these results.
👀 What to Watch
Investors should examine the detailed financial tables on the NSE website to evaluate year-on-year growth in revenue and profitability. The unmodified audit opinion is a positive indicator of the company's financial reporting integrity.
Nandani Creation Expands Delhi Footprint with 2 New Franchisee Stores in Karol Bagh and Rohini
Nandani Creation Limited (JAIPURKURT) has signed two new franchisee-owned stores in prime Delhi locations, Karol Bagh and Rohini, scheduled to open in May 2026. Each store will span approximately 800-1000 sq ft, showcasing the 'Jaipur Kurti' and 'Amaiva' brands. The company aims to open 20 additional stores over the next 18-24 months to strengthen its omni-channel presence. The franchise partner brings significant experience, currently operating over 12 Patanjali stores across India, which mitigates operational risks.
Key Highlights
Signing of 2 new Franchisee-Owned Franchise-Operated (FOFO) stores in high-footfall Delhi hubs
Company targets opening 20 additional stores over the next 18-24 months
New stores will occupy 800-1000 sq ft each, featuring Jaipur Kurti and Amaiva brands
Franchise partner has a proven track record of operating 12+ retail stores across India
Expansion supports the company's strategy to enhance its direct-to-consumer (D2C) and omni-channel ecosystem
👀 What to Watch
Investors should monitor the company's ability to meet its 20-store expansion target and the resulting impact on top-line growth. The use of the FOFO model is a positive sign for capital-efficient scaling.
Jaipur Kurti Partners with Reliance Fashion Factory; Expands to 25+ Stores
Nandani Creation Limited (NCL) has announced a strategic partnership with Reliance Fashion Factory to expand its retail presence into 25+ stores. This collaboration focuses on inventory optimization by providing a structured channel to liquidate aged and slow-moving stock. The move is expected to improve working capital efficiency and reduce inventory holding periods, unlocking capital for the company. This adds to NCL's existing network of 13 exclusive stores and presence in over 80 Reliance Trends and 22 Shoppers Stop outlets.
Key Highlights
Expansion into 25+ Reliance Fashion Factory stores to strengthen offline presence
Strategic focus on faster inventory liquidation cycles and improved stock rotation
Aims to improve working capital efficiency by reducing inventory holding periods
Existing network includes 13 exclusive stores and presence in 80+ Reliance Trends and 20+ Reliance Centro stores
👀 What to Watch
Investors should monitor the impact of this partnership on the company's inventory turnover ratios and cash flow in upcoming quarterly reports as it addresses a critical stage of the garment business cycle.
Nandani Creation Q3 Sales Double; Hits ₹100 Cr CY2025 Sales Milestone
Nandani Creation Limited (NCL) reported a robust 100% YoY revenue growth in Q3FY26, with 9MFY26 sales up 65% YoY. The company achieved a major milestone by crossing ₹100 crore in sales for the calendar year 2025, marking a 46% YoY growth. While EBITDA margins remained stable at approximately 7%, the company successfully premiumized its brand, with offline Average Selling Price (ASP) jumping from ₹1,707 to ₹2,669. The company is aggressively expanding its omni-channel footprint through partnerships with Reliance Trends, Shoppers Stop, and quick-commerce platforms.
Key Highlights
Net Sales grew 100% YoY in Q3FY26 and 65% YoY in 9MFY26
Flagship brand 'Jaipur Kurti' crossed ₹100 crore sales milestone in CY2025
Offline Average Selling Price (ASP) increased significantly to ₹2,669 from ₹1,707 YoY
Quick commerce channels already contributing 3% of total sales
EBITDA margins maintained at ~7% despite strategic investments in brand building
👀 What to Watch
Investors should note the strong top-line momentum and successful brand premiumization which is reflected in the higher ASP. The focus should now be on whether the company can translate this scale into higher EBITDA margins in the coming quarters.
Nandani Creation Hits ₹100Cr+ Sales in CY2025, Reports 46% YoY Growth
Nandani Creation Limited (JAIPURKURT) announced it surpassed ₹100 crore in sales for the calendar year 2025, a 46% increase compared to CY 2024. The company has successfully pivoted from an online-only model to an omnichannel strategy, now operating 15+ exclusive outlets and 80+ shop-in-shop counters. Key partnerships include presence in 100+ Reliance Trends and 12+ Shoppers Stop stores, alongside a new entry into quick commerce via Swiggy InstaMart. This growth follows a strategic consolidation phase in FY23-24 aimed at establishing channel parity.
Key Highlights
Achieved ₹100+ crore sales in CY 2025, representing ~46% year-on-year growth.
Expanded physical footprint to 15+ Exclusive Brand Outlets and 80+ Shop-in-Shop counters.
Presence established in 100+ Reliance Trends and 50+ Avantra & Kalanikethan stores.
Entered Quick Commerce via Swiggy InstaMart to enhance accessibility and delivery speed.
Management confirms transition from online supplier to a national omnichannel brand.
👀 What to Watch
The company's successful scale-up to ₹100cr+ revenue and omnichannel expansion suggests strong execution; investors should watch for margin sustainability as offline costs rise.
Nandani Creation Partners with Reliance Centro to Expand Jaipur Kurti in 12+ Stores
Nandani Creation Limited (NCL) has announced a strategic partnership with Reliance Centro to strengthen the offline presence of its flagship brand, Jaipur Kurti. This collaboration will see the brand's latest collections featured in 12+ Reliance Centro stores across India, enhancing its omnichannel reach. The move adds to NCL's existing network of 13 retail stores and over 170+ other retail touchpoints including Reliance Trends and Shoppers Stop. This expansion is part of the company's strategy to fortify its Direct-to-Consumer (D2C) ecosystem and capture a larger share of the women's ethnic wear market.
Key Highlights
Strategic partnership with Reliance Centro to expand retail presence in 12+ stores nationwide.
Strengthens existing offline network of 8 COCO and 5 FOFO retail stores across major Indian cities.
Complements current distribution through 53+ Reliance Trends, 80+ SIS, and 6+ Shoppers Stop stores.
Focuses on providing an omnichannel experience by integrating digital and offline sales channels.
Leverages Reliance Centro's premium positioning to target evolving consumer tastes in the ethnic wear segment.
👀 What to Watch
Investors should view this as a positive step towards scaling the brand's physical footprint and should monitor the impact on sales growth in the coming quarters. The ability to leverage Reliance's massive retail infrastructure could significantly lower customer acquisition costs compared to standalone stores.
