About Kanani Industries Limited

Kanani Industries Limited is an Indian gems and jewellery company engaged in the manufacture and export of diamond-studded jewellery, and is listed on both BSE and NSE. The Company’s registered office is at GE 1080, Bharat Diamond Bourse, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai, while its manufacturing facility is located at Plot No. 42, Surat Special Economic Zone (SEZ), Sachin, Surat, Gujarat.

The Annual Report under review is the 42nd, and the Company’s CIN (L51900MH1983PLC029598) indicates its incorporation in 1983, underscoring a multi-decade presence in the jewellery business.

Kanani’s core offering is diamond-studded jewellery produced primarily for export markets. The Company also trades in diamonds and diamond-studded jewellery, as reflected in its consolidated financial statements. Operations are centralised at the Surat SEZ facility, a key hub for jewellery manufacturing, while corporate functions are managed from Mumbai’s Bharat Diamond Bourse.

Internationally, the Company operates through one wholly owned subsidiary, which contributes to consolidated operations. The subsidiary’s financials are included in the AOC-1, and the reporting currency disclosure evidences foreign operations. In line with its export orientation, the Company also discloses foreign currency exposure, notably in HKD.

Key milestones and structural markers during the period include continued listing on BSE (Security Code: 506184) and NSE (Security ID: KANANIIND), with ISIN INE879E01037. As of March 31, 2025, 99.95% of the Company’s shares were in dematerialised form, reflecting widespread electronic adoption. The Company’s plant location within the Surat SEZ and its registered office in Bharat Diamond Bourse remain the twin anchors of its operating footprint.

Number of subsidiaries: 1 (wholly owned).

Key Management

• Premjibhai D. Kanani – Chairman & Whole-time Director 
• Harshil P. Kanani – Managing Director 
• Darshak A. Pandya – Chief Financial Officer 
• Mehul S. Kundariya – Company Secretary & Compliance Officer 
• Darsh Lavjibhai Kanani – Non-Executive & Non-Independent Director 
• Tejas Morlidhar Choksi – Independent Director 
• Satyam Jaiswal – Independent Director 
• Shiwaginee Jaiswal – Independent Director 

Latest Updates on Kanani Industries Limited

• Board changes: Two Independent Directors — Satyam Jaiswal and Shiwaginee Jaiswal — were appointed for a five-year term effective August 12, 2024. During the year, Independent Directors Rahul Javeri (resigned August 6, 2024) and Ami D. Jariwala (resigned August 12, 2024) stepped down. 
• AGM and calendar: The 42nd Annual General Meeting is scheduled for September 29, 2025, at 11:00 AM (IST) via VC/OAVM, with the financial year 2025-26 calendar outlined in the report. 
• Shareholder services: As of March 31, 2025, 99.95% of equity shares were dematerialised, reflecting strong adoption of electronic holdings. 
• Listing compliance: The Company confirmed payment of annual listing fees for FY 2024-25 to both BSE and NSE and disclosed market price data for both exchanges covering April 2024–March 2025. 
• Audit and controls: The auditors issued an unmodified opinion on the Company’s internal financial controls over financial reporting as at March 31, 2025. 
• Operating structure: The Company reports only one segment — studded jewellery — and had no outstanding forward contracts at year-end. It also notes HKD currency exposure, with a sensitivity analysis disclosed.