Aayush Art & Bullion

Aayush Art and Bullion appointed Belim Rifaqathussain Mehboobbhai as its chief financial officer on 24 August 2026. He had more than 15 years of experience in accounting operations, taxation, compliance, financial reporting and inventory management. The appointment followed the resignation of CFO Bhagyashri Shyambihari Agrawal on 20 August for personal reasons. The company reported FY26 revenue of ₹216.37 crore and net profit of ₹7.89 crore, with trade receivables of ₹98.998 crore at year-end.

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Aayush Art and Bullion appointed Belim Rifaqathussain Mehboobbhai as its chief financial officer on 24 August 2026. He had more than 15 years of experience in accounting operations, taxation, compliance, financial reporting, inventory management and enterprise resource planning. The appointment came four days after CFO Bhagyashri Shyambihari Agrawal resigned for personal reasons. Aayush Art and Bullion reported FY26 revenue of ₹216.37 crore, while trade receivables stood at ₹98.998 crore and current loans at ₹7.963 crore at year-end.

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Aayush Art and Bullion appointed Anuj Maheswari as company secretary and compliance officer with effect from 21 August 2026. Bhagyashri Shyambihari Agrawal resigned as chief financial officer with effect from 20 August, citing personal reasons and saying that there were no other material reasons. Agrawal had been appointed CFO in July 2025, while Mehal Bipinchandra Raval was appointed additional director and designated managing director in July 2026 subject to shareholder approval. The company reported FY26 revenue of ₹216.37 crore and net profit of ₹7.89 crore, against ₹73.78 crore and ₹1.81 crore respectively in FY25.

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Aayush Art and Bullion appointed Anuj Maheswari as company secretary and compliance officer effective 21 August 2026. It also recorded the resignation of chief financial officer Bhagyashri Shyambihari Agrawal, effective 20 August, who cited personal reasons and said there were no other material reasons. Agrawal had been appointed CFO in July 2025. The company reported FY26 revenue of ₹216.37 crore and net profit of ₹7.89 crore, after revenue of ₹73.78 crore and net profit of ₹1.81 crore in FY25.

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Aayush Art and Bullion approved the notice for its 17th annual general meeting, scheduled for 10 September 2026 by video conference, and approved the directors’ report for the year ended 31 March. It also approved seeking shareholder authorisation for loans, guarantees, securities and investments up to ₹100 crore, as well as loans or guarantees involving persons in whom directors were interested up to the same limit. Separate resolutions would allow borrowings and charges over company assets up to ₹100 crore. Revenue for FY26 was ₹216.4 crore and profit after tax was ₹7.9 crore; trade receivables stood at ₹99 crore against payables of ₹62 crore.

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The board of Aayush Art and Bullion accepted the resignation of Maulik Rajendrabhai Shah as Managing Director on July 23, 2026. Shah stepped down with immediate effect, citing personal reasons. In the same meeting, the board appointed Mehal Bipinchandra Raval as Additional Executive Director, who will also serve as the new Managing Director. Raval has over 14 years of experience in financial services, spanning sales, marketing, compliance, and strategic management.

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Aayush Art and Bullion announced the resignation of managing director Maulik Shah on Wednesday, effective immediately. Shah cited personal reasons for his departure. The board simultaneously appointed Mehal Bipinchandra Raval as additional executive director designated as the managing director. Raval brings over 14 years of experience in sales, marketing, business development and client relationship management within the financial services sector. The Ahmedabad-based gold jewellery company has scaled rapidly in recent periods, and the leadership change raises questions about its strategic direction.

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July 9 (Reuters) - Akm Creations Ltd AKML.BO:

• AKM CREATIONS - APPROVED CANCELLATION OF 3 MILLION CONVERTIBLE EQUITY WARRANTS

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Further company coverage: AKML.BO

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May 30 (Reuters) - Akm Creations Ltd AKML.BO:

• APPROVED RAISING OF FUNDS BY ISSUE OF EQUITY SHARES UP TO 495 MILLION RUPEES

• RAISING OF FUNDS BY WAY OF A RIGHTS ISSUE

Source text for Eikon: ID:nBSE73hRl6

Further company coverage: AKML.BO

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May 1 (Reuters) - Akm Creations Ltd AKML.BO:

• TO EXPLORE OPPORTUNITIES OF FUND RAISING

Source text for Eikon: ID:nBSE8Gwd2W

Further company coverage: AKML.BO

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Oct 11 (Reuters) - Akm Creations Ltd AKML.BO:

• TO CONSIDER FUND RAISING

Source text for Eikon: ID:nBSE9zh5RF

Further company coverage: AKML.BO

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