About Sovereign Metals Limited
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Sovereign Metals Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Styrax Commodities Limited. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 24 February 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27109GJ2012PLC069162. Its GSTIN is 24AACCE9681Q1ZW (Gujarat). The company holds 12 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹60.6 Cr and a paid-up capital of ₹60.6 Cr. It was formerly known as Sol Metals Limited and Shreeji Metals Limited. It is led by directors including Viral Pankaj Lodhiya (Managing Director) and Mital Kaushik Lodhiya (Managing Director).
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. 35P 36P 37P 38 & 40B Phase – 3 Naroda G.I.D.C, Ahmedabad, Gujarat, India – 382330.
As per the financials filed for FY 2024, the company reported a revenue of ₹4,986.8 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹11.76 Cr (net margin 0.2%) and EBITDA of ₹27.25 Cr (EBITDA margin 0.5%).
The company has about 95 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Sovereign Metals Limited and Sovereign Metals Limited. As per MCA filings, the company has open charges of ₹200 Cr and satisfied charges of ₹105 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 1 case is pending. The company has 9 deals on record (7 secondary share transfers, 2 rights issues); the latest was in November 2020. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 9 overdue payments to 9 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sovereignmetals.in.
Company details
Name history
Sovereign Metals has undergone 5 name changes throughout its history. The current legal name is Sovereign Metals Limited.
| Company Name | Status |
|---|---|
| Sovereign Metals Limited | Current |
| Sol Metals Limited | Previous |
| Shreeji Metals Limited | Previous |
| Edelweiss Precious Metals Private Limited | Previous |
| Edelweiss Metals Limited | Previous |
| Edelweiss Metals Private Limited | Previous |
CIN history
Sovereign Metals has one previous CIN (Corporate Identification Number): U27109GJ2012PTC069162. The current CIN is U27109GJ2012PLC069162, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109GJ2012PLC069162 | Current |
| U27109GJ2012PTC069162 | Previous |
Contact details
Sovereign Metals Limited's registered office is in Ahmedabad, Gujarat. Its website is sovereignmetals.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. 35P 36P 37P 38 & 40B Phase – 3 Naroda G.I.D.C, Ahmedabad, Gujarat, India – 382330
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Sovereign Metals Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Sovereign Metals operates two associated brands: Sovereign Metals Limited and Sovereign Metals Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sovereign Metals Limited is engaged in refining and trading precious metals. | sovereignmetals.in | |
| Sovereign Metals Limited is engaged in mining critical minerals. | sovereignmetals.com.au |
Business activity
The main business activities of Sovereign Metals are manufacturing and trade. In detail, this covers metal and metal products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Sovereign Metals Limited, buy the company report.
Financials of Sovereign Metals Limited
FY 2025 filings availableSovereign Metals Limited reported revenue of ₹4,986.8 Cr (down 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 21% in the latest year. EBITDA fell 8% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹4,986.8 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹27.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.76 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | 0.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Sovereign Metals Limited, buy the company report.
Board of directors of Sovereign Metals Limited
Sovereign Metals has 6 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kaushik Chimanlal Lodhiya Also directs: Selysium Hospitalities LLP, Virmit Jewels LLP, Ariplutus Metals Private Limited and 4 more | Director | 12 Oct 2017 | 9 Years 0 Months | Current |
| Hasmukhlal Popatlal Delawala | Director | 19 May 2020 | 6 Years 5 Months | Current |
| Viral Pankaj Lodhiya Also directs: Virmit Jewels LLP, Ariplutus Metals Private Limited, Vasundhara Owners Association and 2 more | Managing Director | 19 Sep 2018 | 8 Years 1 Months | Current |
| Kalpakbhai Arvindbhai Maniar Also directs: Patria Hospitalities Private Limited, Sahkar Seva Sansthan, Sahkar Seva Foundation and 1 more | Director | 07 Aug 2020 | 6 Years 3 Months | Current |
| Sheetal Pankaj Lodhiya | Director | 15 Nov 2017 | 8 Years 11 Months | Current |
| Mital Kaushik Lodhiya Also directs: Selysium Hospitalities LLP, Salacia Exim Private Limited | Managing Director | 01 Oct 2025 | 1 Years 1 Months | Current |
Auditor
Sovereign Metals Limited is audited by J. C. RANPURA & CO. for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J. C. RANPURA & CO. | FY 2024 | 108647W |
Shareholding
The shareholding of Sovereign Metals Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sovereign Metals Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Aug 2018 | 100207763 | Others | ₹200 Cr | Open | |
| 09 Jun 2015 | 10585710 | Yes Bank Limited | ₹105 Cr | Satisfied |
To see the full charge records of Sovereign Metals Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Sovereign Metals Limited has 9 deals on record (7 secondary share transfers, 2 rights issues); the latest was in November 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Everest Securities & Finance Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Everest Securities & Finance Limited Seller: Edelweiss Rural & Corporate Services Limited |
| Jun 2014 | Rights issue | ₹25 Cr | Investors: Edelweiss Rural & Corporate Services Limited |
| Jul 2013 | Secondary share transfer | Undisclosed | Buyer: Edelweiss Rural & Corporate Services Limited , Edelweiss Commodities Services Limited & B Renganathan Seller: Edelweiss Securities and Investments Private Limited , Edelweiss Securities Trading and Management Private Limited |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: Edelweiss Rural & Corporate Services Limited Seller: Edelweiss Trading & Holdings Limited |
To see the full deal history of Sovereign Metals Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sovereign Metals Limited has 5 court cases on record: 3 filed by Sovereign Metals, 2 filed against it. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (S) | Filed by the company against Bank of India Ltd. (Head Office) and 3 others | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by The Registrar of Companies | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Apex Metals Limited and 3 others | Disposed |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Apex Metals Limited and 3 and 3 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by The Registrar of Companies | Disposed |
To see the full case history of Sovereign Metals Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Sovereign Metals Limited was last rated by Icra on 30 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 30 Sep 2021 |
To see the full credit ratings and regulatory alerts of Sovereign Metals Limited, buy the company report.
MSME payment delays
Sovereign Metals Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 9 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Oro Tools | |||
| Madhuraj Industrial Gases Private Limited | |||
| Quality Services | |||
| Bootbhavani Industries LLP | |||
| an individual supplier |
To see the full MSME payment records of Sovereign Metals Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Sovereign Metals Limited has a workforce of 95 employees on its EPFO records as of Sep 26, 2025, across 1 active EPFO establishment.
GST
Sovereign Metals has 12 GST registrations: 4 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCE9681Q1ZW | Gujarat | Active | 01 Jul 2017 |
| 07AACCE9681Q1ZS | Delhi | Active | 01 Jul 2017 |
| 27AACCE9681Q1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 19AACCE9681Q2ZM | West Bengal | Active | 24 Jan 2025 |
To see the full GST registrations and return filing status of Sovereign Metals Limited, buy the company report.
Recent activity
Sovereign Metals Limited has 22 board changes on record since 2012: 8 appointments and 14 cessations. The latest: Mital Kaushik Lodhiya was appointed as Managing Director on 01 Oct 2025.
17 earlier events are in the company report.
News
Frequently asked questions
Sovereign Metals is an active public limited company based in Ahmedabad, Gujarat, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 24 February 2012 (14+ years old) and is registered under CIN U27109GJ2012PLC069162.
Sovereign Metals has 6 current directors:
- Viral Pankaj Lodhiya - Managing Director
- Mital Kaushik Lodhiya - Managing Director
- Kaushik Chimanlal Lodhiya - Director
- Hasmukhlal Popatlal Delawala - Director
- Kalpakbhai Arvindbhai Maniar - Director
- Sheetal Pankaj Lodhiya - Director
The latest financial statements of Sovereign Metals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sovereign Metals is 24AACCE9681Q1ZW, registered in Gujarat. The company has 12 GST registrations in all, of which 4 are active and 8 are cancelled or inactive. Other active GSTINs include 07AACCE9681Q1ZS (Delhi), 27AACCE9681Q1ZQ (Maharashtra), 19AACCE9681Q2ZM (West Bengal).
The CIN (Corporate Identification Number) of Sovereign Metals is U27109GJ2012PLC069162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sovereign Metals has 5 court cases on record: 3 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Sovereign Metals was incorporated on 24 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Sovereign Metals has 9 deals on record (7 secondary share transfers, 2 rights issues); the latest was in November 2020.
Mital Kaushik Lodhiya was appointed as Managing Director on 01 Oct 2025. Jay Kishorbhai Rathod was appointed as Company Secretary on 02 Jun 2022. Viral Pankaj Lodhiya ceased to be Whole-Time Director on 06 Sep 2021. Sovereign Metals has 22 board changes on record in total.
Sovereign Metals has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 9 overdue payments to 9 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Sovereign Metals can be reached through the website sovereignmetals.in. Its registered office is in Ahmedabad, Gujarat, India.
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