AJC Jewel Manufacturers Limited has made a regulatory disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the opening of a new retail showroom by its subsidiary.

Key Developments

  • Esthara Jewels Private Limited has opened its fifth retail showroom
  • The new showroom is located in Erode, Tamil Nadu
  • This marks Esthara's first presence in the state of Tamil Nadu
  • The showroom will focus on the retail sale of silver jewellery
  • The opening represents a step forward in the Company's geographical expansion strategy

Management Commentary

Mr. Ashraf Perinkadakkad, Managing Director of AJC Jewel Manufacturers Limited, commented: "We are pleased to announce the opening of Esthara Jewels' fifth showroom in Erode, marking our entry into Tamil Nadu. This expansion represents another step in our strategy to strengthen our retail presence and reach customers across new geographical markets. With a dedicated focus on silver jewellery, the new showroom will help us establish our presence in the Tamil Nadu market and broaden our customer reach. We remain focused on expanding our retail network in a disciplined manner, strengthening brand visibility and creating sustainable long-term value for our stakeholders."

Company Background

AJC Jewel Manufacturers Limited is a Kerala-based, design-led jewellery manufacturer specializing in customized and casting jewellery, primarily serving the B2B market. The Company manufactures gold and silver jewellery with in-house design capabilities and advanced manufacturing technologies including 3D printing and CNC machining. Manufacturing operations are based in Malappuram, Kerala, with proposed investments in jewellery manufacturing operations in Sharjah, UAE for international expansion.

Disclaimer

The document includes standard forward-looking statement disclaimer noting that certain statements are subject to risks and uncertainties including government actions, local/political/economic developments, technological risks, and other factors that could cause actual results to differ materially from forward-looking statements.