Golkunda Diamonds & Jewellery Limited has incorporated a wholly-owned subsidiary company named "Golkunda Retail India Private Limited" in the State of Maharashtra, effective August 28, 2026.
The company has subscribed to 100% of the share capital of the subsidiary. The total subscribed capital amounts to ₹25,00,000 (Rupees Twenty-five Lakh Only), consisting of 250,000 equity shares with a face value of ₹10 each. As per the provisions of the Companies Act, 2013, the company has subscribed to 249,999 equity shares aggregating to ₹24,99,990 (Rupees Twenty-four lakhs Ninety-nine thousand Nine Hundred Ninety only), and Mr. Ashish Dadha has subscribed to 1 (one) equity share as Nominee Shareholder on behalf of Golkunda Diamonds & Jewellery Limited aggregating to ₹10 (Rupees Ten Only).
Subsidiary Details
- Name: Golkunda Retail India Private Limited
- Industry: Gems and Jewellery Industry
- Business Activities: Manufacturing, processing, wholesale and retail sale of jewellery, precious metals, diamonds including lab grown diamonds, gemstones and allied luxury products through physical and online/e-commerce channels
- Date of Incorporation: August 28, 2026
- Country of Presence: India (Maharashtra)
- Turnover: Not applicable (newly incorporated company)
Governance and Transactions
Two directors of the parent company, Mr. Arvind Kanti Kumar Dadha and Mr. Ashish Kantikumar Dadha, have been appointed as directors in the subsidiary company. The initial subscription does not fall within the purview of Related Party Transactions, except for the director appointments. The promoter/promoter group/group companies do not have any other interest in the entity.
Strategic Rationale
The incorporation aims to strengthen the company's presence in the Indian jewellery market, diversify revenue streams, reduce dependence on export markets, and create long-term value for stakeholders through expansion of domestic jewellery manufacturing operations.