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Grover Jewells Limited (GJL)

📊 NSE: GJL 🏢 Gems, Jewellery And Watches 📢 Latest filing: 16 Oct 2026

GJL delivery percentage

NSE end-of-day data for Fri, 23 Oct 2026

On Fri, 23 Oct 2026, 100.0% of the GJL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 98.29%. That is close to its usual level. Turnover was only ₹3 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal. It closed at its lower price band (circuit) on 23 Oct, one of 14 band closes in about the last 20 sessions.

100.0%Delivery, 23 Oct

98.29%Own 20-session average

0.2×Volume vs its average

₹356.35NSE close · -5.00%

Delivery in the last 5 sessions: 100.0% · 100.0% · 100.0% · 100.0% · 100.0%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Grover Jewells Obtains Preferred Partnership & Dealership from MMTC-PAMP

🟢 POSITIVE ⭐ 4/10

OTHER 📅 16 Oct 2026, 02:57 PM

Grover Jewells Limited announced that it has obtained Preferred Partnership and Authorized Dealership status from MMTC-PAMP India Private Limited on October 16, 2026. Under this partnership, the company will retail MMTC-PAMP minted gold and silver coins and bars. Per the certificate terms, all sales are permitted exclusively through offline retailing channels. Financial commitments and projected revenue contributions from this partnership were not disclosed.

Obtained Preferred Partnership and Authorized Dealership from MMTC-PAMP India Private Limited on October 16, 2026
Dealership covers MMTC-PAMP minted gold and silver coins and bars
Sales are restricted exclusively through offline retailing channels
Revenue potential and commercial terms are not disclosed

💡 Track upcoming quarterly filings to evaluate whether product additions from MMTC-PAMP drive measurable footfall or retail margin expansion.

Grover Jewells: Non-Applicability of Q2 FY27 Corporate Governance Report Due to SME Listing

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 05 Oct 2026, 04:33 PM

Grover Jewells Limited informed the exchange of the non-applicability of the quarterly Corporate Governance Report for the quarter ended September 30, 2026. Under Regulation 15(2) of SEBI LODR Regulations, 2015, SME-listed entities are exempted from submitting the report under Regulation 27(2). The company has been listed on the NSE SME Platform since February 11, 2026.

Corporate governance reporting under Regulation 27(2) is not applicable for the quarter ended September 30, 2026
Exemption claimed pursuant to Regulation 15(2) of SEBI LODR Regulations, 2015 for SME-listed companies
Company has been listed on the NSE SME platform since February 11, 2026

💡 Track the company's upcoming semi-annual financial statements and disclosures as mandated under SME platform listing regulations.

Grover Jewells Submits Regulation 74(5) Dematerialisation Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 05 Oct 2026, 01:38 PM

Grover Jewells Limited has submitted its compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The confirmation was issued by its Registrar and Share Transfer Agent, Maashitla Securities Private Limited, on October 1, 2026. The certificate confirms that all securities received for dematerialisation during the period were processed, confirmed to depositories, and the relevant certificates were cancelled. This is a standard quarterly administrative filing with no financial or operational impact.

Compliance filing under Regulation 74(5) for the quarter ended September 30, 2026
Certificate received from RTA Maashitla Securities Private Limited dated October 1, 2026
Security certificates received for dematerialisation confirmed and cancelled as per SEBI regulations

💡 Track the upcoming quarterly financial results for Q2 ended September 30, 2026, for operational and financial performance updates.

Grover Jewells Shareholders Approve All 3 Resolutions at 5th AGM with 100% Majority

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 23 Sep 2026, 06:41 PM

Grover Jewells Limited has resubmitted its voting results and Scrutinizer's Report for its 5th Annual General Meeting held on September 21, 2026. A total of 11,628,000 votes were polled across 16 voting members, representing 80.15% of the total 14,507,200 shares. All three ordinary resolutions—including the adoption of FY26 financial statements, the reappointment of Managing Director Deepak Kumar Grover, and the appointment of the Secretarial Auditor—were passed with 100% approval.

All 3 ordinary resolutions passed with 100% approval (11,628,000 votes in favor, 0 against)
Total voting turnout stood at 80.15% (11,628,000 votes polled out of 14,507,200 shares)
Promoter and promoter group cast 10,679,200 votes (100% turnout of promoter holding)
Public non-institutional shareholders cast 948,500 votes, representing a 24.79% turnout of their 3,828,000 share base
Managing Director Deepak Kumar Grover was approved for reappointment

💡 Track the company's upcoming Q2 FY27 quarterly financial results and subsequent operational updates, as this filing is purely procedural.

Grover Jewells Passes All 3 AGM Resolutions With 100% Approval

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 22 Sep 2026, 04:52 PM

Grover Jewells Limited announced the voting results for its 5th Annual General Meeting held on September 21, 2026. All three ordinary resolutions were approved with 100% votes in favour out of 11,628,000 votes polled. The passed items include the adoption of audited financial statements for FY26, the re-appointment of Managing Director Deepak Kumar Grover, and the appointment of M/s Avnish Sharma & Associates as Secretarial Auditor. Total voter turnout represented 80.15% of the 14,507,200 total shares.

All 3 ordinary resolutions approved unanimously with 100.0000% votes in favour (11,628,000 votes polled)
Overall voter turnout stood at 80.1533% of the 14,507,200 total shares
Promoter and Promoter Group accounted for 10,679,200 votes (100% participation of their holding)
Deepak Kumar Grover re-appointed as Managing Director of the company
M/s Avnish Sharma & Associates appointed as the Secretarial Auditor

💡 Track subsequent quarterly financial earnings announcements and operational updates for business performance. No action is required on routine AGM voting disclosures.

Grover Jewells Concludes 5th AGM; Considers FY26 Accounts and Re-Appointments

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Sep 2026, 06:01 PM

Grover Jewells Limited conducted its 5th Annual General Meeting on September 21, 2026, via video conferencing from 03:17 PM to 03:58 PM IST. Key ordinary business transacted included the adoption of audited financial statements for the period ended March 31, 2026, and the re-appointment of Managing Director Deepak Kumar Grover. Additionally, appointment of M/s. Avnish Sharma & Associates as secretarial auditor was proposed. Voting results will be declared within two working days of the AGM conclusion.

5th Annual General Meeting held on September 21, 2026, between 03:17 PM and 03:58 PM IST
Adoption of audited financial statements for the fiscal period ended March 31, 2026
Proposed re-appointment of Deepak Kumar Grover (DIN: 09357414) as Managing Director
Final voting results to be announced within 2 working days based on the scrutinizer's report

💡 Track the formal voting results and Scrutinizer Report to confirm the approval of all resolutions within two working days.

Grover Jewells Secures ₹30 Cr Credit Facility from Bandhan Bank

🟡 NEUTRAL ⭐ 5/10

FUNDRAISE 📅 18 Sep 2026, 12:43 PM

Grover Jewells Limited announced that its Board of Directors approved availing loan/credit facilities amounting to ₹30 Crores from Bandhan Bank Limited. The board meeting took place on September 18, 2026, commencing at 11:45 AM and concluding at 12:30 PM. The enhancement of credit facilities supports liquidity and operational requirements for the jewellery business. Specific terms including interest rates, tenure, or security were not disclosed in the filing.

Board approved loan/credit facilities of ₹30 Crores
Lender identified as Bandhan Bank Limited
Board meeting commenced at 11:45 AM and concluded at 12:30 PM on September 18, 2026

💡 Track subsequent quarterly filings for changes in finance costs and debt levels to understand the utilization of the ₹30 Crores credit limit.

Grover Jewells Dispatches AGM Notice & FY26 Annual Report Weblink; AGM on Sept 21, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Aug 2026, 12:44 PM

Grover Jewells Limited has communicated the web link for its 5th Annual General Meeting (AGM) Notice and FY2025-26 Annual Report to shareholders without registered email addresses. The AGM is scheduled for September 21, 2026, at 3:00 PM IST via Video Conferencing. The cut-off date for e-voting eligibility is September 14, 2026, with remote e-voting running from September 18 to September 20, 2026.

5th Annual General Meeting scheduled for September 21, 2026, at 3:00 PM IST via VC/OAVM
E-voting cut-off date fixed as September 14, 2026
Remote e-voting window opens September 18, 2026 (09:00 AM) and closes September 20, 2026 (05:00 PM)
Communication dispatched on August 26, 2026 to shareholders lacking registered email addresses

💡 Shareholders seeking to vote should ensure shareholding is recorded by the cut-off date of September 14, 2026, and participate during the remote e-voting period from September 18-20, 2026.

Grover Jewells Board Approves ₹23 Cr Credit Facility from Axis Bank

🟡 NEUTRAL ⭐ 5/10

FUNDRAISE 📅 29 Aug 2026, 02:14 PM

Grover Jewells Limited announced that its Board of Directors met on August 29, 2026, and approved availing loan and credit facilities amounting to ₹23 Crore from Axis Bank. The meeting commenced at 01:00 PM and concluded at 01:30 PM. The credit facility is intended to support the ongoing business operations and working capital requirements of the company.

Approved loan and credit facilities amounting to ₹23 Crores from Axis Bank
Board meeting held and concluded on August 29, 2026 (01:00 PM to 01:30 PM)
Facilities will support general business requirements and liquidity

💡 Track the upcoming quarterly financial results for changes in finance costs, leverage ratios, and working capital utilization.

Grover Jewells Schedules 5th AGM on Sept 21, 2026; FY26 Revenue at ₹824.21 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 26 Aug 2026, 06:20 PM

Grover Jewells Limited has issued the notice for its 5th Annual General Meeting (AGM) scheduled for September 21, 2026, alongside submitting its FY 2025-26 Annual Report. The e-voting window runs from September 18 to September 20, 2026, with a cut-off date of September 14, 2026. Highlights in the annual report include FY26 revenue rising to ₹824.21 crore (up from ₹460.80 crore) and PAT reaching ₹21.17 crore. The company raised ₹33.83 crore via its NSE EMERGE IPO during the year.

5th AGM scheduled for September 21, 2026, via Video Conferencing/OAVM
E-voting period open from September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
Cut-off date for voting eligibility set as September 14, 2026
FY26 total revenue reached ₹824.21 crore compared to ₹460.80 crore in FY25
IPO completed on NSE EMERGE raising ₹33.83 crore via 38,44,800 equity shares at ₹88 per share

💡 Eligible shareholders may participate in e-voting between September 18 and September 20, 2026, and monitor AGM resolutions and management commentary on September 21, 2026.

Grover Jewells Revises 5th AGM E-Voting Cut-Off Date to September 14, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 26 Aug 2026, 04:47 PM

Grover Jewells Limited has issued a clarification regarding a typographical error in the outcome of its Board Meeting held on August 25, 2026. The cut-off date to determine shareholder eligibility for e-voting at the 5th Annual General Meeting has been revised. The date has been officially corrected from September 11, 2026, to September 14, 2026. This is a purely administrative correction with no financial or operational impact.

Clarification issued for typographical error in Board Meeting outcome held on August 25, 2026
Revised e-voting cut-off date fixed as September 14, 2026
Original e-voting cut-off date previously stated as September 11, 2026
Relates to voting eligibility for the 05th Annual General Meeting

💡 Shareholders intending to vote at the 5th AGM should note the revised record/cut-off date of September 14, 2026 to ensure eligibility.

Grover Jewells Schedules 5th AGM on Sept 21, 2026; Re-appoints MD Deepak Kumar Grover

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 25 Aug 2026, 06:55 PM

Grover Jewells Limited announced the outcome of its Board Meeting held on August 25, 2026. The Board approved the convening of its 5th Annual General Meeting (AGM) on September 21, 2026, with a voting cut-off date of September 11, 2026. Key proposals include the re-appointment of Managing Director Deepak Kumar Grover (retiring by rotation) and the appointment of M/s Avnish Sharma & Associates as Secretarial Auditor for a 5-year term (FY2026-27 to FY2030-31). Additionally, M/s GK Sureka & Co. was appointed as Internal Auditor for a 2-year tenure.

5th Annual General Meeting scheduled for Monday, September 21, 2026
Shareholder voting cut-off date fixed as September 11, 2026
M/s Avnish Sharma & Associates proposed as Secretarial Auditor for a 5-year term (FY27 to FY31)
M/s GK Sureka & Co. appointed as Internal Auditor for 2 years (FY27 to FY28)
Re-appointment of Managing Director Deepak Kumar Grover recommended subject to AGM approval

💡 Eligible shareholders on record by September 11, 2026, may participate in e-voting for the AGM resolutions scheduled on September 21, 2026.

Grover Jewells Reports Fraud Loss of ₹16.65 Lakhs via Impersonation and Bank Transfer

🔴 NEGATIVE ⭐ 9/10

LEGAL 📅 18 Aug 2026, 08:28 PM

Grover Jewells Limited disclosed a financial loss of ₹16,65,177 resulting from a cyber fraud incident involving impersonation and forged documents. An unknown person impersonated company officials over WhatsApp, leading the company's bank to execute an unauthorized fund transfer. The company detected the issue on August 17, 2026, upon receiving the debit alert and immediately initiated steps with the national cybercrime helpline and bank to freeze beneficiary accounts. The company confirmed that internal IT systems, network infrastructure, and databases remain secure and unaffected.

Financial loss of ₹16,65,177 suffered due to unauthorized fund transfer
Fraudster impersonated company officials via WhatsApp using forged documents and signatures
Incident detected on August 17, 2026, upon receipt of debit notification
No breach of internal IT systems, networks, customer data, or employee databases reported

💡 Monitor upcoming disclosures for fund recovery progress from frozen accounts and any tightening of banking authorization procedures.

GJL Reports 79% Revenue Growth in FY26; EBITDA Margins Expand to 3.59%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 05 Aug 2026, 04:56 PM

Grover Jewells Limited (GJL) delivered a strong financial performance for FY26, with revenue from operations surging 78.8% YoY to ₹824.21 crore. Profitability showed significant improvement as PAT margins rose from 1.63% to 2.57%, and EBITDA margins expanded to 3.59%. The company maintains a robust return profile with an ROCE of 34% and ROE of 30%. GJL has successfully transitioned to a fully integrated manufacturing model with an annual production capacity exceeding 3 tons and a presence in 21 states.

Revenue from operations grew from ₹460.80 crore in FY25 to ₹824.21 crore in FY26.
Net profit (PAT) increased nearly 3x from ₹7.52 crore in FY25 to ₹21.17 crore in FY26.
Debt-Equity ratio improved from 0.56x to 0.39x, indicating better capital structure management during scaling.
Annual production capacity reached 3+ tons, serving a network of over 900 customers.
Inventory levels increased significantly to ₹66.36 crore in FY26 from ₹19.85 crore in FY25 to support growth.

💡 Investors should monitor the company's ability to sustain these high growth rates and manage working capital, particularly inventory, as it expands its footprint into the Mumbai region.

View All GJL Announcements on Live Market Tracking →