About Sovereign Diamonds Limited
Data last updated: 14 July 2026
Sovereign Diamonds Limited is a public limited company based in Mumbai, Maharashtra, India. It specialises in watches and jewelry manufacturing, a part of the broader consumer goods sector. Incorporated on 31 May 1974, the company has been in operation for over 52 years.
Registered with ROC Mumbai under CIN L36912MH1974PLC017505. Listed on BSE: 523826.
Capital: an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.79 Cr. Formerly known as Hotchand Hiranand Private Limited and Hotchand Hiranand Limited. It is led by directors including Ajay Gehani and Arundhati Raju Mali.
Last AGM: 23 September 2025. Financial statements filed for year ended 31 March 2025. Office: 11 – A Mahal Industrial Estate Mahakali Caves Road Andheri (E), Mumbai, Maharashtra, India – 400093.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹15.31 Cr, a decline of 28.68% compared to the previous year. The net worth stands at ₹12.4 Cr (down 27.32% YoY). Total assets are valued at ₹12.85 Cr (down 53.69% YoY).
The company has a workforce of approximately 36 employees as per the latest available data.
As per MCA filings, the company has open charges of ₹14.3 Cr and satisfied charges of ₹31.3 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sovereign-diamonds-ltd.business.site.
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Registered Address11 – A Mahal Industrial Estate Mahakali Caves Road Andheri (E), Mumbai, Maharashtra, India – 400093
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IndustryConsumer Goods, Watches & Jewelry Manufacturing
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Sovereign Diamonds Limited
Sovereign Diamonds Limited has undergone 2 name changes throughout its history. The company was previously known as Hotchand Hiranand Private Limited, and Hotchand Hiranand Limited. The current legal name is Sovereign Diamonds Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Sovereign Diamonds Limited | Current |
| Hotchand Hiranand Private Limited | Previous |
| Hotchand Hiranand Limited | Previous |
CIN History of Sovereign Diamonds Limited
Sovereign Diamonds Limited has one previous CIN (Corporate Identification Number): U36912MH1974PLC017505. The current CIN is L36912MH1974PLC017505, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L36912MH1974PLC017505 | Current |
| U36912MH1974PLC017505 | Previous |
Business Activity of Sovereign Diamonds Limited
Sovereign Diamonds Limited operates primarily in the manufacturing sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Manufacturing | Locked | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Detailed business activity records for Sovereign Diamonds Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of Sovereign Diamonds Limited
Sovereign Diamonds Limited is audited by J D ZATAKIA & CO (ICAI peer reviewed, certificate valid till 2026-10-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| J D ZATAKIA & CO (ICAI peer reviewed, certificate valid till 2026-10-31) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Sovereign Diamonds Limited
Sovereign Diamonds Limited is currently managed by 5 directors, with 9 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Gehani | Managing Director | 24 Nov 1984 | 41 Years 7 Months | Current |
|
Arundhati Raju Mali
Also directs:
Sovereign Diamonds Limited
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Whole-Time Director | 08 Feb 2019 | 7 Years 5 Months | Current |
|
Sumer Gehani
Also directs:
Sovereign Diamonds Limited, Lililo Lifestyle Private Limited
|
Director | 12 Aug 2025 | 0 Years 11 Months | Current |
|
Jigar Mahesh Darji
Also directs:
Sovereign Diamonds Limited, Pro Legal And Compliance Llp
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Director | 14 Aug 2024 | 1 Years 11 Months | Current |
|
Narasinha Narayan Pal
Also directs:
Sovereign Diamonds Limited
|
Director | 01 Apr 2024 | 2 Years 3 Months | Current |
Financials of Sovereign Diamonds Limited FY 2026 filings available
Sovereign Diamonds Limited reported revenue of ₹15.31 Cr (down 28.68% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹15.31 Cr | ₹21.47 Cr | ₹28.42 Cr | ₹29.07 Cr | ₹22.91 Cr | ₹15.6 Cr | ₹32.44 Cr | ₹40.25 Cr |
| Other Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹65.68 Lakh | ₹0 | ₹47.96 Lakh | ₹11,000 |
| Total Income | ₹15.31 Cr | ₹21.47 Cr | ₹28.42 Cr | ₹29.07 Cr | ₹23.57 Cr | ₹15.6 Cr | ₹32.92 Cr | ₹40.25 Cr |
| Cost of Materials Consumed | ₹16.9 Cr | ₹11.31 Cr | ₹16.42 Cr | ₹22.21 Cr | ₹15.85 Cr | ₹12.2 Cr | ₹32.94 Cr | ₹32.05 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹1.13 Cr | ₹3.79 Cr | ₹3.64 Cr | -₹1.66 Cr | ₹91.29 Lakh | ₹70.15 Lakh | -₹6.57 Cr | ₹62.38 Lakh |
| Employee Benefit Expense | ₹1.66 Cr | ₹2.11 Cr | ₹2.09 Cr | ₹1.9 Cr | ₹1.69 Cr | ₹1.28 Cr | ₹1.94 Cr | ₹2.02 Cr |
| Finance Costs | ₹15.81 Lakh | ₹1.2 Cr | ₹1.32 Cr | ₹1.14 Cr | ₹88.47 Lakh | ₹96.49 Lakh | ₹1.2 Cr | ₹1.58 Cr |
| Depreciation & Amortisation | ₹48.3 Lakh | ₹49.77 Lakh | ₹49.64 Lakh | ₹49.3 Lakh | ₹49.03 Lakh | ₹45.14 Lakh | ₹45.93 Lakh | ₹50.29 Lakh |
| Other Expenses | ₹1.85 Cr | ₹2.44 Cr | ₹2.78 Cr | ₹3.06 Cr | ₹2.44 Cr | ₹1.46 Cr | ₹2.88 Cr | ₹3.07 Cr |
| Total Expenses | ₹19.92 Cr | ₹21.34 Cr | ₹26.74 Cr | ₹27.14 Cr | ₹22.26 Cr | ₹17.06 Cr | ₹32.84 Cr | ₹39.85 Cr |
| Profit Before Exceptional Items & Tax | -₹4.61 Cr | ₹12.73 Lakh | ₹1.68 Cr | ₹1.93 Cr | ₹1.31 Cr | -₹1.46 Cr | ₹7.4 Lakh | ₹40.39 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹4.61 Cr | ₹12.73 Lakh | ₹1.68 Cr | ₹1.93 Cr | ₹1.31 Cr | -₹1.46 Cr | ₹7.4 Lakh | ₹40.39 Lakh |
| Total Tax Expense | ₹5.73 Lakh | ₹11.47 Lakh | ₹29.99 Lakh | ₹51.68 Lakh | -₹2.75 Lakh | ₹2.61 Lakh | ₹3.83 Lakh | ₹12.6 Lakh |
| Net Profit | -₹4.67 Cr | ₹1.26 Lakh | ₹1.38 Cr | ₹1.41 Cr | ₹1.33 Cr | -₹1.49 Cr | ₹3.57 Lakh | ₹27.79 Lakh |
| Other Comprehensive Income | ₹1.1 Lakh | ₹76,000 | -₹2.79 Lakh | -₹28,000 | -₹81,000 | ₹1.42 Lakh | ₹49,000 | -₹1.89 Lakh |
| Total Comprehensive Income | -₹4.66 Cr | ₹2.02 Lakh | ₹1.35 Cr | ₹1.41 Cr | ₹1.33 Cr | -₹1.47 Cr | ₹4.06 Lakh | ₹25.9 Lakh |
| EBITDA (computed) | -₹3.97 Cr | ₹1.82 Cr | ₹3.49 Cr | ₹3.56 Cr | ₹2.68 Cr | -₹4.64 Lakh | ₹1.73 Cr | ₹2.49 Cr |
| Basic EPS | ₹-8.07 | ₹0.02 | ₹2.38 | ₹2.44 | ₹2.30 | ₹-2.57 | ₹0.06 | ₹0.48 |
| Diluted EPS | ₹-8.07 | ₹0.02 | ₹2.38 | ₹2.44 | ₹2.30 | ₹-2.57 | ₹0.06 | ₹0.48 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹12.85 Cr | ₹27.74 Cr | ₹31.37 Cr | ₹32.11 Cr | ₹28.81 Cr | ₹26.94 Cr | ₹33.51 Cr | ₹31.2 Cr |
| Non-current Assets | ₹3.55 Cr | ₹4.06 Cr | ₹4.42 Cr | ₹4.23 Cr | ₹3.91 Cr | ₹3.79 Cr | ₹3.46 Cr | ₹3.01 Cr |
| Current Assets | ₹9.3 Cr | ₹23.68 Cr | ₹26.95 Cr | ₹27.89 Cr | ₹24.9 Cr | ₹23.15 Cr | ₹30.05 Cr | ₹28.19 Cr |
| Property, Plant & Equipment | ₹2.73 Cr | ₹3.22 Cr | ₹3.53 Cr | ₹4.09 Cr | ₹3.61 Cr | ₹3.65 Cr | ₹3.3 Cr | ₹2.83 Cr |
| Inventories | ₹7.31 Cr | ₹17.2 Cr | ₹17.34 Cr | ₹18.83 Cr | ₹17.64 Cr | ₹17.54 Cr | ₹19.83 Cr | ₹19.77 Cr |
| Trade Receivables | ₹61.95 Lakh | ₹6.1 Cr | ₹9.38 Cr | ₹8.26 Cr | ₹6.63 Cr | ₹3.92 Cr | ₹9.88 Cr | ₹8.07 Cr |
| Cash & Equivalents | ₹1.06 Cr | ₹1.47 Lakh | ₹2.66 Lakh | ₹3.73 Lakh | ₹3.8 Lakh | ₹1.28 Cr | ₹1.45 Lakh | ₹6.6 Lakh |
| Equity (Net Worth) | ₹12.4 Cr | ₹17.06 Cr | ₹16.88 Cr | ₹15.53 Cr | ₹14.12 Cr | ₹12.79 Cr | ₹14.27 Cr | ₹14.23 Cr |
| Equity Share Capital | ₹5.79 Cr | ₹5.79 Cr | ₹5.79 Cr | ₹5.79 Cr | ₹5.79 Cr | ₹5.79 Cr | ₹5.79 Cr | ₹5.79 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹3.66 Lakh | ₹40.2 Lakh | ₹1.21 Cr | ₹2.05 Cr | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹8.9 Cr | ₹11.49 Cr | ₹12.25 Cr | ₹10.11 Cr | ₹10.03 Cr | ₹11.98 Cr | ₹11.9 Cr |
| Total Debt (computed) | ₹0 | ₹8.9 Cr | ₹11.53 Cr | ₹12.65 Cr | ₹11.32 Cr | ₹12.08 Cr | ₹11.98 Cr | ₹11.9 Cr |
| Current Liabilities | ₹45.03 Lakh | ₹10.19 Cr | ₹14.2 Cr | ₹15.61 Cr | ₹12.92 Cr | ₹11.7 Cr | ₹18.85 Cr | ₹16.83 Cr |
| Total Liabilities | ₹45.03 Lakh | ₹10.68 Cr | ₹14.49 Cr | ₹16.59 Cr | ₹14.7 Cr | ₹14.15 Cr | ₹19.25 Cr | ₹16.98 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹8.88 Cr | ₹2.54 Cr | ₹1.4 Cr | ₹61.79 Lakh | ₹99.27 Lakh |
| Investing Cash Flow | ₹1.18 Cr | ₹1.22 Cr | ₹97.89 Lakh | -₹81.99 Lakh | -₹58.97 Lakh |
| Financing Cash Flow | -₹9.01 Cr | -₹3.77 Cr | -₹2.39 Cr | ₹20.13 Lakh | -₹1.65 Cr |
| Capital Expenditure | ₹3.15 Lakh | ₹16.36 Lakh | ₹55.65 Lakh | ₹83.66 Lakh | ₹59.14 Lakh |
| Free Cash Flow (computed) | ₹8.85 Cr | ₹2.38 Cr | ₹84.7 Lakh | -₹21.87 Lakh | ₹40.13 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹1.04 Cr | -₹1.18 Lakh | -₹1.07 Lakh | -₹7,000 | -₹1.25 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2.31 Cr | ₹3.13 Cr | ₹1.69 Cr | ₹8.18 Cr | ₹4.36 Cr | ₹11.55 Cr | ₹4.52 Cr | ₹5.68 Cr |
| Other Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹70.15 Lakh | ₹34.21 Lakh | ₹0 |
| Total Income | ₹2.31 Cr | ₹3.13 Cr | ₹1.69 Cr | ₹8.18 Cr | ₹4.36 Cr | ₹12.25 Cr | ₹4.86 Cr | ₹5.68 Cr |
| Cost of Materials Consumed | ₹1.71 Cr | ₹2.39 Cr | ₹1.6 Cr | ₹11.2 Cr | ₹2.6 Cr | ₹8.82 Cr | -₹11.44 Lakh | ₹3.98 Cr |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | -₹9.61 Lakh | -₹73.54 Lakh | -₹80.65 Lakh | ₹50.68 Lakh | ₹18.24 Lakh | -₹1.33 Lakh | ₹3.62 Cr | ₹21.74 Lakh |
| Employee Benefit Expense | ₹32.27 Lakh | ₹37.33 Lakh | ₹46.55 Lakh | ₹50.18 Lakh | ₹49.29 Lakh | ₹1.1 Cr | ₹51.05 Lakh | ₹49.5 Lakh |
| Finance Costs | ₹27,000 | ₹1.21 Lakh | ₹1.67 Lakh | ₹12.66 Lakh | ₹26.3 Lakh | ₹60.14 Lakh | ₹33.18 Lakh | ₹30.78 Lakh |
| Depreciation & Amortisation | ₹12.12 Lakh | ₹12.07 Lakh | ₹12.2 Lakh | ₹11.91 Lakh | ₹12.36 Lakh | ₹25.37 Lakh | ₹12.03 Lakh | ₹12.21 Lakh |
| Other Expenses | ₹56.33 Lakh | ₹54.58 Lakh | ₹16.29 Lakh | ₹58.25 Lakh | ₹71.85 Lakh | ₹1.3 Cr | ₹41.4 Lakh | ₹58.6 Lakh |
| Total Expenses | ₹2.62 Cr | ₹2.71 Cr | ₹1.56 Cr | ₹13.03 Cr | ₹4.38 Cr | ₹12.07 Cr | ₹4.89 Cr | ₹5.71 Cr |
| Profit Before Exceptional Items & Tax | -₹30.96 Lakh | ₹42.1 Lakh | ₹13 Lakh | -₹4.86 Cr | -₹2.23 Lakh | ₹17.72 Lakh | -₹2.75 Lakh | -₹2.76 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹30.96 Lakh | ₹42.1 Lakh | ₹13 Lakh | -₹4.86 Cr | -₹2.23 Lakh | ₹17.72 Lakh | -₹2.75 Lakh | -₹2.76 Lakh |
| Total Tax Expense | ₹1.35 Lakh | ₹1.93 Lakh | ₹2.7 Lakh | -₹25,000 | ₹10.35 Lakh | ₹7.57 Lakh | -₹2.71 Lakh | ₹3.69 Lakh |
| Net Profit | -₹32.31 Lakh | ₹40.17 Lakh | ₹10.3 Lakh | -₹4.85 Cr | -₹12.58 Lakh | ₹10.15 Lakh | -₹4,000 | -₹6.45 Lakh |
| Other Comprehensive Income | ₹1.6 Lakh | ₹1.04 Lakh | -₹69,000 | -₹85,000 | ₹1.94 Lakh | ₹53,000 | -₹1.71 Lakh | ₹1.48 Lakh |
| Total Comprehensive Income | -₹30.71 Lakh | ₹41.21 Lakh | ₹9.61 Lakh | -₹4.86 Cr | -₹10.64 Lakh | ₹10.68 Lakh | -₹1.75 Lakh | -₹4.97 Lakh |
| EBITDA (computed) | -₹18.57 Lakh | ₹55.38 Lakh | ₹26.87 Lakh | -₹4.61 Cr | ₹36.43 Lakh | ₹1.03 Cr | ₹42.46 Lakh | ₹40.23 Lakh |
| Basic EPS | ₹-0.56 | ₹0.92 | ₹0.18 | ₹-8.38 | ₹-0.22 | ₹0.18 | ₹0.00 | ₹-0.11 |
| Diluted EPS | ₹-0.56 | ₹0.92 | ₹0.18 | ₹-8.38 | ₹-0.22 | ₹0.18 | ₹0.00 | ₹-0.11 |
Shareholding Pattern of Sovereign Diamonds Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 65.01%, retail and other public shareholders hold 34.99% of Sovereign Diamonds Limited. The company had 7,815 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 65.01% | 65.01% | 65.01% | 65.01% | 65.01% | 65.01% |
| Public | 34.99% | 34.99% | 34.99% | 34.99% | 34.99% | 34.99% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 65.01% | 65.01% | 65.01% |
| Public | 34.99% | 34.99% | 34.99% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Charges & Borrowings of Sovereign Diamonds Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Apr 2019 | Hdfc Bank Limited | ₹14.3 Cr | Satisfied |
| 26 Apr 1999 | Corproation Bank | ₹17 Cr | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Sovereign Diamonds Limited
Sovereign Diamonds Limited has a workforce of 36 employees as of Apr 04, 2024.
Employee and EPFO history for Sovereign Diamonds Limited
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GST Compliance of Sovereign Diamonds Limited
GST registrations and filing compliance for Sovereign Diamonds Limited
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Credit Ratings, Litigation & Regulatory Alerts for Sovereign Diamonds Limited
Credit ratings, litigation, and regulatory alerts for Sovereign Diamonds Limited
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MSME Payment Delays by Sovereign Diamonds Limited
MSME payment history for Sovereign Diamonds Limited
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Subsidiaries & Group Companies of Sovereign Diamonds Limited
Corporate group structure for Sovereign Diamonds Limited
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MCA Filings & Documents of Sovereign Diamonds Limited
MCA filings and documents for Sovereign Diamonds Limited
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Recent Activity on Sovereign Diamonds Limited
Frequently Asked Questions about Sovereign Diamonds Limited
Sovereign Diamonds Limited is an active public limited company in the consumer goods sector based in Mumbai, Maharashtra, India. It was incorporated on 31 May 1974 (52+ years old) and is registered under CIN L36912MH1974PLC017505. Listed on BSE: 523826. The company has 36 employees.
Sovereign Diamonds Limited reported revenue of ₹15.31 Cr for FY 2026 (down 28.68% YoY) based on standalone BSE filings.
The current directors of Sovereign Diamonds Limited are:
- Ajay Gehani - Managing Director
- Arundhati Raju Mali - Whole-Time Director
- Sumer Gehani - Director
- Jigar Mahesh Darji - Director
- Narasinha Narayan Pal - Director
The primary industry of Sovereign Diamonds Limited is consumer goods. The company specifically operates in watches and jewelry manufacturing. The company is currently active in this sector.
Yes. Sovereign Diamonds Limited is listed on BSE with code 523826.
Sovereign Diamonds Limited can be reached at the registered office: 11 – A Mahal Industrial Estate Mahakali Caves Road Andheri E, Mumbai, Maharashtra, India – 400093, or through the website sovereign-diamonds-ltd.business.site.