Date: July 20, 2026
Board Meeting Outcomes
- Approved proposal for opening a jewellery showroom at Jabalpur, Madhya Pradesh under Franchisee Owned Company Operated (FOCO) model
- Board meeting commenced at 11:30 AM IST and concluded at 12:40 PM IST on July 20, 2026
Expansion / Strategic Actions
- Showroom location: Jabalpur, Madhya Pradesh
- Retail area: Approximately 3,750 square feet
- Business model: Franchisee Owned Company Operated (FOCO) - first expansion through this model for the company
- Strategic significance: Represents a milestone in retail growth and business expansion strategy
- Expansion approach: Asset-light approach to facilitate expansion into new markets
- Expected benefits: Strengthen brand presence and enhance customer outreach
- Product offering: Company's range of jewellery products following prescribed standards, branding guidelines, and quality specifications
- Operations status: Expected commencement date under finalization