Amanaya Ventures Ltd (543804)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Amanaya Ventures' revenue was ₹70.0 Cr (+248.8% year on year, +375.4% on the previous half-year), and net profit ₹0.0 Cr (+100.0% year on year); the operating margin was 0.1%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹70.0 | +248.8% | +375.4% |
| Operating profit | ₹0.1 | +166.7% | -63.6% |
| Net profit | ₹0.0 | +100.0% | -76.5% |
| EPS (₹) | 0.11 | +120.0% | -75.6% |
| Operating margin | 0.1% | — | — |
📢 Recent Corporate Announcements
Amanaya Ventures has signed a 5-year Franchise & Growth Agreement with M/s Dharam Pal Bullion & Jewels, marking the launch of its first retail franchisee for brand 'Aurel Forever Yours' in Chamba District, Himachal Pradesh. The commercial terms include a nominal one-time processing fee of Rs. 10,000 plus GST, with no recurring royalty during the initial term, though the company earns on product supplies (cost plus margin). The franchisee partners are related to the promoter/CFO's maternal family, but the transaction is disclosed as arm's length and outside formal related-party definitions. Given the micro-cap size (Rs 5 Cr market cap, Rs 124 Cr TTM revenue), this marks the beginning of a retail expansion model, though immediate financial impact from a single outlet is modest.
- Appointed M/s Dharam Pal Bullion & Jewels as the first and founding franchisee on October 11, 2026.
- Agreement tenure of 5 years (renewable for 5 years) with a 12-month lock-in period.
- Upfront franchisee processing fee is Rs. 10,000 plus GST; zero royalty or recurring franchise fee during the initial term.
- Partners of franchisee are members of the maternal family of Promoter and Whole-time Director & CFO Manan Mahajan.
Amanaya Ventures has deferred its planned issuance of ₹3.00 crore secured, unlisted Non-Convertible Debentures (NCDs) via private placement. The proposed issue, representing 60% of the company's current ₹5 crore market capitalization and 50% of its ₹6 crore net worth, carried a 12.00% p.a. coupon with a 24-month tenor. The deferment was triggered because no SEBI-registered debenture trustee or IBBI-registered valuer gave consent or was appointed. Management confirmed no funds or applications were received, and the process will be restarted afresh once the board decides to revive it.
- Board deferred private placement of ₹3,00,00,000 (₹3.00 crore) in secured unlisted NCDs
- Issue terms were 300 debentures of ₹1,00,000 face value at 12.00% p.a. coupon with a 24-month tenor
- Reason for deferment: No consent received from any SEBI-registered Debenture Trustee or IBBI-registered Valuer
- Shareholder approval from the 28th August 2026 AGM remains valid for one year if the issue is revived
Amanaya Ventures has scheduled its 17th Annual General Meeting for August 28, 2026, following a record-breaking FY26 where revenue surged 114.5% to ₹84.78 crore. Despite the top-line growth, net profit moderated to ₹0.21 crore due to non-cash inventory valuation adjustments under Ind AS 2 following gold price corrections. A key agenda item for the AGM is the approval of a private placement for Secured, Redeemable, Non-Convertible Debentures (NCDs). The company currently maintains a zero-debt balance sheet and is focusing on its 'Aurel' brand gold and silver purchase plans.
- FY26 Total Income reached a record ₹84.78 crore, representing a 114.5% year-on-year growth.
- Net profit for FY26 stood at ₹0.21 crore, down from ₹0.29 crore in FY25 due to accounting-driven inventory adjustments.
- Proposed issuance of Secured, Redeemable, Non-Convertible Debentures (NCDs) via private placement to be voted on at the AGM.
- Operating margins remained thin at 0.35% for FY26, reflecting the high-volume, low-margin nature of the bullion business.
- The 17th AGM is set for August 28, 2026, at the company's registered office in Amritsar.
Amanaya Ventures has approved the issuance of secured, unlisted Non-Convertible Debentures (NCDs) to raise up to Rs 3 crore. This fundraise is highly significant for the company, representing 50% of its current net worth (Rs 6 Cr) and 50% of its market capitalization. The NCDs carry a high fixed interest rate of 12% per annum, which is notable given the company's thin operating margins of 0.6%. The issuance is subject to shareholder approval at the Annual General Meeting scheduled for August 28, 2026.
- Proposed issuance of up to 300 secured NCDs with a face value of Rs 1,00,000 each, totaling Rs 3 crore.
- Fixed interest rate of 12.00% per annum to be paid on a quarterly basis.
- The debt is secured by bullion inventory with a minimum security cover of 1.25x based on MCX closing prices.
- Tenure of 24 months with a tentative maturity date of September 30, 2028, and a call option at 18 months.
- Fundraise amount is equivalent to 50% of the company's total net worth of Rs 6 crore.
Amanaya Ventures Ltd has scheduled a Board of Directors meeting for July 24, 2026, to consider a proposal for raising funds. The capital is intended to be raised through the issuance of Secured, Redeemable, Unlisted, Non-Convertible Debentures (NCDs). The issuance will be conducted on a private placement basis and may occur in one or more tranches. The specific quantum of the fundraise and the intended use of proceeds have not yet been disclosed.
- Board meeting scheduled for July 24, 2026, at 2:00 P.M. IST to discuss fund raising.
- Proposed instruments are Secured, Redeemable, Unlisted, Non-Convertible Debentures (NCDs).
- Issuance to be handled via private placement in one or more tranches.
- Proposal follows Section 42 and Section 71 of the Companies Act, 2013.
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