Low-PE, High ROCE Small-Cap Jewellery Stock Approves 5% Dividend; Plans Migration To BSE & NSE Main Boards

On Monday, Indian equity benchmarks traded marginally higher, with the benchmark Nifty 50 index gaining 0.02 per cent to 24,211. Khazanchi Jewellers share price traded at Rs 628.90, up 0.25 per cent or Rs 1.55 during the session, after the company's Board approved a Dividend for FY26 and proposed migration from the BSE SME platform to the main boards of BSE and NSE.

Khazanchi Jewellers Approves 5 Per Cent Dividend

The Board of Directors of Khazanchi Jewellers, at its meeting held on July 13, 2026, approved a dividend of Rs 0.50 per equity share of face value Rs 10 each, representing a dividend of 5 per cent for the financial year ended March 31, 2026.

The dividend will be paid within 30 days from the date of the Annual General Meeting, subject to approval by the company's shareholders.

Company Plans Migration To BSE And NSE Main Boards

In another key development, the Board approved the migration of the listing and trading of the company's equity shares from the SME platform of BSE Limited to the main board of BSE Limited and the National Stock Exchange of India Limited.

The proposed migration remains subject to shareholders' approval. The Board also approved a revision to the company's Dividend Distribution Policy.

31st Annual General Meeting Scheduled For August 10

The company's 31st Annual General Meeting has been scheduled for Monday, August 10, 2026, through video conferencing and other audio-visual means.

The Board also approved the appointment of A K Jain & Associates, Practising Company Secretaries, represented by partner Balu Sridhar, as the scrutiniser for conducting the voting process at the AGM. The Board meeting commenced at 2:30 PM and concluded at 2:51 PM on July 13, 2026.
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About Khazanchi Jewellers

Khazanchi Jewellers Limited is a Chennai-based jewellery company engaged in the jewellery business. The company deals in BIS-hallmarked jewellery and is currently listed on the BSE SME platform. The company's registered office is located in Sowcarpet, Chennai. The company currently trades at a price-to-earnings (PE) ratio of 17.4 times and has a return on capital employed (ROCE) of 34.8 per cent.

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Disclaimer: The article is for informational purposes only and not investment advice.