About D. P. Abhushan Limited

P. Abhushan Limited is an organised jewellery retailer with roots in a family-run partnership. The enterprise began as “M/s D.P. Jewellers”, was renamed “M/s D.P. Abhushan” on February 14, 2017, and converted into a public limited company as “D. P. Abhushan Limited” on May 02, 2017 (CIN: L74999MP2017PLC043234). The company is engaged in the retail sale of ornaments made of gold, diamond, silver, platinum and precious stones through showrooms located primarily in Madhya Pradesh and Rajasthan, and is listed on both the National Stock Exchange of India Limited and BSE Limited.

The registered office is at 138, Chandani Chowk, Ratlam, Madhya Pradesh – 457001, with corporate office at 19, Chandani Chowk, Ratlam, Madhya Pradesh – 457001; the equity shares trade on NSE and, with effect from April 15, 2024, on BSE as well. As per the Annual Report, the company operated a network of eleven showrooms during the year, across cities including Ratlam, Indore, Bhopal, Ujjain, Udaipur, Bhilwara, Kota, Banswara, Ajmer and Neemuch, reflecting its Central India focus. As of March 31, 2025, the workforce comprised 796 full-time employees, with harmonious industrial relations reported during the year.

Products span gold jewellery, silver jewellery, diamond jewellery and other precious metals and stones, with retail showrooms designed to offer curated collections and an enhanced shopping experience. The company reports operations in four Indian states and no international locations, underlining a domestic market orientation. D. P. Abhushan Limited has eight subsidiaries, as disclosed in the related-party section of the financial statements.

Key milestones of D. P. Abhushan Limited

Key milestones in the latest period include the effective commencement of trading on BSE on April 15, 2024, and expansion of the authorised share capital to Rs 30,00,00,000 on June 13, 2024, reflecting preparedness for future growth initiatives.

P. Abhushan Limited Business Segments

• By product: Gold and jewellery contributed 96.56% of turnover; silver jewellery 2.06%; diamonds, stones and others 1.38%.
• By activity: Trade (wholesale/retail) accounted for 83.95% of turnover, while manufacturing (wholesale/retail) comprised 16.05%.
• Markets: Operations spanned four Indian states, with no international markets reported.

P. Abhushan Limited Key Management

• Santosh Kataria – Chairman & Managing Director
• Anil Kataria – Whole-Time Director
• Renu Kataria – Non-Executive Director
• Sanskar Kothari – Independent Director
• Mukesh Jain – Independent Director
• Apurva Lunawat – Woman Independent Director
• Deepak Gadia – Independent Director (resigned with effect from November 21, 2024)
• Manish Laddha – Chief Financial Officer
• Atika Jain – Company Secretary & Compliance Officer

Latest Updates on D. P. Abhushan Limited

• Equity market actions: On June 13, 2024, shareholders approved increasing authorised share capital to Rs 30,00,00,000. On July 05, 2024, the Board allotted 3,56,070 equity shares on a preferential basis at Rs 1,182 per share, and 2,17,000 warrants at Rs 1,182 per warrant; 49,500 warrants were converted into equity shares on March 26, 2025. The company raised Rs 25,64,94,000 as upfront subscription against warrants (Rs 297 per warrant), with conversion exercisable within 12 months of allotment per SEBI (ICDR) Regulations.
• Capital raising plans: On March 17, 2025, members approved raising up to Rs 600.00 crore via qualified institutions placement; borrowing limits and limits under Sections 180(1)(a) and 180(1)(c) were also increased to Rs 500.00 crore each.
• ESOP: “D. P. Abhushan Limited – Employee Stock Option Plan 2024” was approved; no options were granted up to March 31, 2025, and the scheme complies with SEBI regulations.
• Board changes: Dr. Mrs. Seema Mandloi was appointed as Woman Non-Executive Independent Director with effect from May 21, 2024; she subsequently resigned with effect from February 18, 2025.
• Listing: Equity shares trade on NSE and on BSE with effect from April 15, 2024.
• Retail footprint: The network expanded to eleven showrooms, including new openings in Ajmer (approximately 6,000 sq. ft.), Neemuch (approximately 7,700 sq. ft.), and a second showroom in Ratlam in April 2025 (approximately 15,000 sq. ft.).
• Credit ratings: CARE A-; Stable for long-term bank facilities; CARE A- / CARE A2+ for long-term/short-term bank facilities.