The company's board meeting approved a major strategic pivot into the bullion and precious metals sector, including trading, manufacturing, and online platforms for gold and silver.

This requires member approval for changes to its Memorandum of Association.

To facilitate this expansion, the authorized share capital will increase from Rs 15 Cr to Rs 40 Cr, also pending shareholder nod.

Key management appointments include Ms. Vaishali Lad as Whole-Time Director, Mr. Rakesh Oza as CFO, and Ms. Drishti Dawara as Company Secretary.

The company reported a net loss of Rs 0.45 Cr on net sales of Rs 0.07 Cr for the quarter ending June 30, with EPS at Rs -0.39.