The Company 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 at face value of ₹10 each. However, as per the provisions of the Companies Act, 2013, the actual subscription structure is: Golkunda Diamonds & Jewellery Limited subscribed 249,999 equity shares aggregating to ₹24,99,990 (Rupees Twenty-four lakhs Ninety-nine thousand Nine Hundred Ninety only), and Mr. Ashish Dadha subscribed 1 (one) equity share as Nominee Shareholder on behalf of the company, aggregating to ₹10 (Rupees Ten Only).

Subsidiary Details

  • Name: Golkunda Retail India Private Limited
  • Incorporation Date: August 28, 2026
  • Location: Maharashtra, India
  • Industry: Manufacture of jewellery of gold, silver and other precious or base metal, metal clad with precious metals or precious or semiprecious stones, or of combinations of precious metal and precious or semiprecious stones or of other materials; Wholesale of precious metals and jewellery
  • Capital: ₹25,00,000
  • Turnover/Size: Not applicable (newly incorporated company)

Governance and Personnel

Two directors of Golkunda Diamonds & Jewellery Limited have been appointed as directors of the subsidiary: Mr. Arvind Kanti Kumar Dadha and Mr. Ashish Kantikumar Dadha.

Transaction Details

The initial subscription does not fall within the purview of Related Party Transactions. The promoter/promoter group/group companies do not have any other interest in the entity beyond the director appointments.

Strategic Purpose

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.

Regulatory Approvals

No governmental or regulatory approvals were required for this incorporation.

Financial Impact

The company has invested ₹24,99,990 in the subsidiary through equity subscription. Mr. Ashish Dadha's nominal subscription of ₹10 is held on behalf of the company.