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Garnet International Limited announced that its Board of Directors approved the forfeiture of 27,00,000 unexercised warrants and the transfer of Rs 8.84 Crores to the Capital Reserve Account following the expiry of the 18-month conversion tenure on August 10, 2026, according to a regulatory filing on August 14, 2026. The move effectively closes the preferential issue of convertible equity warrants initiated on February 10, 2025, which had a total original issue size of Rs 35.37 Crores, with the company having previously received Rs 8.84 Crores as upfront subscription money.

Garnet International will hold a meeting of the Board of Directors of the Company on 14 August 2026.

Net profit of Garnet International rose 42.11% to Rs 0.54 crore in the quarter ended March 2026 as against Rs 0.38 crore during the previous quarter ended March 2025. Sales declined 76.27% to Rs 0.42 crore in the quarter ended March 2026 as against Rs 1.77 crore during the previous quarter ended March 2025.For the full year,net profit rose 212.50% to Rs 4.75 crore in the year ended March 2026 as against Rs 1.52 crore during the previous year ended March 2025. Sales declined 44.22% to Rs 4.87 crore in the year ended March 2026 as against Rs 8.73 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales0.421.77 -76 4.878.73 -44 OPM %33.3310.73 -69.402.29 - PBDT0.540.40 35 4.741.55 206 PBT0.540.40 35 4.741.55 206 NP0.540.38 42 4.751.52 213 Powered by Capital Market - Live News

Garnet International will hold a meeting of the Board of Directors of the Company on 30 May 2026.

Garnet International will hold a meeting of the Board of Directors of the Company on 14 February 2026.Powered by Capital Market - Live News