Company Disclosure

Golkunda Diamonds and Jewellery Limited (BSE Scrip Code: 523676) submitted a regulatory disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the incorporation of a wholly owned subsidiary company.

Subsidiary Incorporation Details

The company incorporated Golkunda Retail India Private Limited on August 28, 2026, registered in Maharashtra, India. The subsidiary is 100% owned by Golkunda Diamonds and Jewellery Limited with a capital amount of ₹25,00,000 and equity shares having a face value of ₹10 per share.

Business Activities

The new subsidiary will focus on jewellery manufacturing, retail, and wholesale operations. Its proposed business activities include jewellery made from:

  • Gold, Silver, and other precious or base metals
  • Metals clad with precious metals
  • Precious stones and semi-precious stones
  • Combinations of precious metals and precious/semi-precious stones
  • Other jewellery materials
  • Lab-grown diamonds

Strategic Rationale

The incorporation is part of the company's strategy to strengthen its presence in the Indian jewellery market. The subsidiary is intended to:

  • Support domestic manufacturing, processing, wholesale, and retail opportunities
  • Diversify revenue streams and reduce dependence on export markets
  • Provide flexibility to participate across both B2B and B2C segments
  • Explore opportunities in retail sales through physical stores and online/e-commerce channels
  • Move closer to end consumers and build broader domestic presence across multiple jewellery categories

Management Commentary

Mr. Kantikumar Dadha, Chairman & Whole-time Director, stated that this initiative aligns with the company's strategy of building a stronger domestic presence. He mentioned the subsidiary will serve organized retailers and business customers while exploring retail sales opportunities. The company believes this can support long-term growth ambitions and create sustainable value for stakeholders.

Company Background

Golkunda Diamonds & Jewellery Limited was incorporated in 1990 and listed on BSE Limited since 1992. The company manufactures and exports diamond-studded gold and fine jewellery, with relationships with retail chains across Europe and the Middle East. The product range includes diamond, gold, gemstone, jadau, and lab-grown diamond jewellery.

Domestic Operations

In August 2026, the company commenced domestic manufacturing and supply operations from a 5,360 sq. ft. facility in Andheri East, Mumbai, with an installed capacity of approximately 125-150 kg of jewellery per annum, serving leading retail chains and organized jewellery retailers across major cities.

Disclaimer

The document includes forward-looking statements subject to risks and uncertainties including government actions, political or economic developments, technological risks, and other factors that could cause actual results to differ materially from contemplated outcomes.