Luxury Time Ltd (544635)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Luxury Time's revenue was ₹35.1 Cr (+25.5% year on year), and net profit ₹3.1 Cr (+88.9% year on year); the operating margin was 11.6%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹35.1 | +25.5% | — |
| Operating profit | ₹4.1 | +63.1% | — |
| Net profit | ₹3.1 | +88.9% | — |
| EPS (₹) | 3.71 | +47.2% | — |
| Operating margin | 11.6% | — | — |
📢 Recent Corporate Announcements
Luxury Time Ltd has received a final compounding order dated September 21, 2026, from the Regional Director (Northern Region-I), MCA, resolving non-compliance under Section 129 of the Companies Act, 2013. The default pertained to the non-preparation and filing of consolidated financial statements of its Joint Venture across 5 financial years (FY20 to FY24). A compounding fee of ₹1,00,000 per year per director was paid on September 03, 2026, by Chairman Ashok Goel and Whole-time Director Pawan Chohan. No compounding fee or financial liability was imposed directly on the company.
- Final compounding order dated September 21, 2026, issued under Section 441 of the Companies Act, 2013.
- Non-compliance covered 5 financial years (FY2019-20 through FY2023-24) regarding JV consolidated financial statements.
- Compounding fee of ₹1,00,000 per default year paid by directors Ashok Goel and Pawan Chohan on September 03, 2026.
- Zero financial liability or penalty payable by Luxury Time Ltd.
Luxury Time Ltd has received the final compounding order dated September 21, 2026, from the Regional Director (Northern Region-I), Ministry of Corporate Affairs, regarding the non-preparation and filing of consolidated financial statements for an associate company across FY20 to FY24. Under the order, applicant directors Ashok Goel and Pawan Chohan paid a compounding fee of ₹1,00,000 per year each (total ₹10,00,000 combined) on September 03, 2026. The offence now stands compounded, and no fine or compounding fee is payable by the company itself.
- Final compounding order dated September 21, 2026, settles Section 129 Companies Act non-compliance.
- Default pertained to non-preparation and filing of consolidated financials for 5 financial years: FY20 through FY24.
- Compounding fee of ₹1,00,000 per year of default paid by each director (Ashok Goel and Pawan Chohan) on September 03, 2026.
- Zero financial liability or compounding fee imposed on Luxury Time Ltd.
- Omissions in financials have already been rectified in the financial statements for FY 2024-25.
Luxury Time Limited has published its Annual Report for FY25-26 and scheduled its 18th Annual General Meeting (AGM) for Monday, September 21, 2026, in New Delhi. The AGM agenda includes the adoption of audited financial statements, re-appointment of a director retiring by rotation, and an item of special business to appoint statutory auditors following a casual vacancy caused by auditor resignation. For FY26, the company posted annual revenue of ₹59.99 cr and net profit of ₹5.53 cr.
- 18th AGM scheduled for Monday, September 21, 2026, at 03:00 PM in Pitampura, New Delhi.
- Submission of the FY25-26 Annual Report containing standalone and consolidated financial statements.
- Special business proposed to appoint Statutory Auditors to fill a casual vacancy caused by resignation.
- Disclosed 50% JV holding in Pasadena Retail Private Limited with an investment of ₹275.00 lakhs.
Luxury Time Limited has published its Integrated Annual Report for FY 2025-26 and convened its 18th Annual General Meeting (AGM) on September 21, 2026. The company recorded FY26 annual revenue of Rs 59.99 crore with a net profit of Rs 5.53 crore. In addition to regular business, key AGM resolutions include appointing statutory auditors to fill a casual vacancy caused by auditor resignation. The report details operational footprints, including its 50% JV Pasadena Retail Private Limited running Hublot boutiques across Mumbai and Bengaluru.
- 18th AGM scheduled for Monday, September 21, 2026 at 03:00 PM in Pitampura, Delhi
- Special business on AGM agenda includes appointment of statutory auditors following a casual vacancy resignation
- Pasadena Retail Private Limited JV held at 50.00% with an investment value of Rs 275.00 Lakhs
- Micron Watch Service Private Limited JV held at 49.90% with an investment of Rs 4.99 Lakhs
Luxury Time Ltd has updated its Whistle Blower Policy (Vigil Mechanism) as of August 14, 2026, to align with the latest SEBI LODR and Companies Act 2013 regulations. The policy provides a formal framework for employees, directors, and stakeholders to report unethical conduct or financial irregularities without fear of retaliation. It includes provisions for direct access to the Audit Committee Chairperson in exceptional cases. This is a procedural update for the company, which reported a revenue of ₹59.99 Cr in FY26.
- Board of Directors approved the revised policy on August 14, 2026
- Policy framed under Section 177(9) and 177(10) of the Companies Act, 2013
- Provides direct access to the Chairperson of the Audit Committee for reporting genuine concerns
- Covers all stakeholders including employees, vendors, suppliers, and auditors
- Maintains a debt-to-equity ratio of 0.05 as per latest financial context
Luxury Time Ltd's Board of Directors approved a revised CSR policy on August 14, 2026, to align with the latest amendments to the Companies Act, 2013. The policy outlines a governance framework for planning, implementing, and monitoring social initiatives. Based on the company's FY26 net profit of ₹5.53 Cr, this policy will govern the mandatory 2% CSR expenditure. This is a routine administrative update to ensure regulatory compliance.
- Board of Directors approved the revised CSR policy on August 14, 2026
- Policy is updated in line with Section 135 of the Companies Act, 2013
- Company reported a net profit of ₹5.53 Cr for FY26, which influences CSR spending obligations
- Governance framework defines roles for the CSR Committee and Board for monitoring and reporting
- Policy includes provisions for impact assessment of eligible projects through independent agencies
Luxury Time Ltd has submitted its Statement of Deviation or Variation for the quarter ended June 30, 2026, confirming that funds raised through its Initial Public Offer (IPO) are being utilized as per the objects stated in the prospectus. The company raised ₹14.99 Crores on December 11, 2025. Both the Audit Committee and the monitoring agency, Brickwork Ratings India Private Limited, have reported no deviations or variations in fund usage. This filing is a standard regulatory requirement for companies that have recently raised capital through public issues.
- Total funds raised through IPO on December 11, 2025, amounted to ₹14.99 Crores
- Zero deviation or variation reported in the utilization of proceeds for the quarter ended June 30, 2026
- Monitoring agency Brickwork Ratings India Private Limited confirmed the status of fund utilization
- Audit Committee reviewed the statement with nil comments on deviations
Luxury Time Ltd has proposed a significant shift in the utilization of its ₹13.25 Cr IPO proceeds, moving ₹10 Cr originally intended for working capital toward strategic investments and acquisitions. The company also noted the resignation of its statutory auditor, S A R N U M & Co. LLP, effective July 25, 2026, and has appointed S A H A S & Associates to fill the vacancy. As of June 30, 2026, the company had utilized zero proceeds from the IPO. These changes, including the revised business objects, are subject to shareholder approval via a special resolution at the upcoming AGM on September 21, 2026.
- Proposed reallocation of ₹10.00 Cr from working capital to strategic investments or acquisitions through subsidiaries/JVs
- Statutory Auditor S A R N U M & Co. LLP resigned effective July 25, 2026; casual vacancy filled by S A H A S & Associates
- Zero IPO proceeds (₹0.00) utilized as of June 30, 2026, against a total offer size of approximately ₹13.25 Cr
- Allocation for 4 new retail stores revised slightly upward to ₹3.00 Cr from the original ₹2.82 Cr
- 18th Annual General Meeting (AGM) scheduled for September 21, 2026, to seek approval for these variations
Luxury Time Ltd has received a compounding order from the Regional Director (MCA) regarding a historical default under Section 129 of the Companies Act, 2013. The default pertains to the non-preparation and filing of consolidated financial statements for its Joint Venture/Associate for five financial years (FY 2019-20 to FY 2023-24). While the company itself faces no financial penalty, the Chairman & Managing Director and the Whole-time Director have been ordered to pay ₹1,00,000 each for every year of default. The company has already rectified these omissions in its FY 2024-25 financial statements.
- Compounding fee of ₹1,00,000 per year of default imposed on two directors individually
- Default period spans 5 financial years from 2019-20 to 2023-24
- Zero financial penalty or compounding fee imposed on Luxury Time Ltd as an entity
- Payment of fees required within 30 days from the order date of August 06, 2026
- Omissions in financial statements already rectified in the FY 2024-25 filings
Luxury Time Ltd has scheduled a board meeting for August 14, 2026, to consider a proposal for varying the objects of utilization for its IPO proceeds. This significant move requires a special resolution from shareholders via postal ballot. Additionally, the company will address the resignation of its statutory auditor, M/s S A R N U M & Co. LLP, and propose the appointment of M/s S A H A S & Associates. These developments come after a fiscal year (FY26) where the company reported revenue of ₹59.99 Cr and a net profit of ₹5.53 Cr.
- Board meeting scheduled for August 14, 2026, to approve FY26 Board Report and IPO fund variation.
- Proposal to change the utilization of proceeds raised through the Initial Public Offer (IPO).
- Resignation of Statutory Auditors M/s S A R N U M & Co. LLP to be noted; new auditors proposed.
- Company reported FY26 revenue of ₹59.99 Cr, a slight decrease from ₹60.32 Cr in FY25.
- Net profit for FY26 improved to ₹5.53 Cr compared to ₹4.19 Cr in the previous year.
M/s. S A R N U M & CO. LLP has resigned as the Statutory Auditor of Luxury Time Ltd effective July 25, 2026. The auditor cited 'pre-occupation and increased professional commitments' as the reason for their inability to devote adequate time to the company's affairs. The firm had recently completed the FY26 audit on May 15, 2026, and was originally appointed for a term ending in March 2030. The auditor has explicitly confirmed that there are no other material reasons or concerns regarding the management.
- Resignation effective from July 25, 2026, mid-way through a term scheduled to end March 31, 2030
- Auditor cited 'pre-occupation' as the primary reason for stepping down
- Last audit report for the year ended March 31, 2026, was submitted on May 15, 2026
- The auditor was originally appointed on September 30, 2025
- Company reported FY25 revenue of ₹60.32 Cr and PAT of ₹4.19 Cr
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