SMR Jewels

SMR Jewels received orders worth Rs 67.00 crore for jewellery from multiple domestic vendors, with confirmations arriving on 6 and 7 October 2026 following the Couture India Show held from 26 to 28 September 2026. The terms and execution timeline were described as mutually agreed between the parties, with no promoter interest or related-party element. The company operates a jewellery business of unestablished operating scale, with no revenue or segment figures established. Its paid-up capital sits in the Rs 10-25 crore band qualifying for BSE SME listing, with the offer 100% underwritten and compulsory three-year market-making. Craft Emerging Market Fund PCC holds 1,656,000 shares representing 8.88% of 18,653,743 shares, built from nil via allotment and open-market purchases.

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Three funds under Craft Emerging Market Fund PCC — Citadel Capital Fund, Elite Capital Fund and Arbitrage Strategy Fund — acquired 1,656,000 shares of SMR Jewels Ltd representing 8.88% of voting capital. The combined holding rose from nil through allotment and open-market purchases on 5 June 2026 and 16 September 2026, with the acquirers classified as non-promoters. Total voting capital stood at 18,653,743 shares and the shares were listed on the BSE. The company had disclosed paid-up capital of ₹10-25 crore with 100% underwriting and compulsory three-year market-making for its BSE SME listing eligibility. No revenue, segment or margin figures had been filed to date, leaving operating scale unestablished. Its fiscal 2026 annual report contained compliance sections for the listing and included notice of an annual meeting by video-conferencing with e-voting during 21-23 September and a record date of 17 September.

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SMR Jewels Ltd has allotted 10.41 lakh equity shares, representing a 5.58% stake, to two funds managed by Craft Emerging Market Fund PCC — Citadel Capital Fund and Elite Capital Fund — via a preferential issue. The shares were allotted on 5 June 2026. Prior to the allotment, the funds held no stake in the company. Post-allotment, their combined holding stands at 5.58% of the paid-up capital. The acquirers are not part of the promoter group. The development marks the entry of institutional investors into the company's shareholding.

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