Date: June 26, 2026
Board Meeting Outcomes
The Executive Committee of the Board of Directors of Kalyan Jewellers India Limited, at its meeting held on June 26, 2026 (commencing at 07:00 PM and concluding at 07:15 PM), approved the conversion of pre-existing inter-company loans into equity shares of its wholly owned subsidiary company, Kalyan Jewelers Inc.
The transaction shall be carried out in compliance with applicable laws, rules, and regulations.
Disinvestment / Strategic Actions
Transaction Details: Conversion of loan of USD 12,034,607 to 12,034,607 number of shares of USD 1 each in Kalyan Jewelers Inc.
Nature of Entity: Kalyan Jewelers Inc is an existing wholly owned subsidiary company engaged in the business of sale of jewellery.
Strategic Rationale: This strategic decision has been undertaken with the objective of strengthening the capital structure of the subsidiary, improving its profitability, and supporting its future growth and operational expansion. The conversion will aid in optimizing the debt-equity ratio of the subsidiary and enhance the strength of its balance sheet.
Ownership Impact: The investment will not cause any change in the percentage of equity shareholding. Kalyan Jewelers Inc will continue to remain a 100% wholly owned subsidiary of the Company.
Related Party Status: Kalyan Jewelers Inc, being wholly owned subsidiary, is a related party of the Company. The transaction falls within ambit of related party transactions and is at arms' length. Except to the extent of shares held by the Company in Kalyan Jewelers Inc, the promoter/promoter group/group companies of the Company have no interest in Kalyan Jewelers Inc.
About the Entity
Kalyan Jewelers Inc
- Business: Retail sale of jewellery in USA
- Date of Incorporation: October 25, 2017
- Country: USA
- Turnover History:
- As on March 31, 2026: USD 26,024,396
- As on March 31, 2025: USD 3,245,478
- As on March 31, 2024: Nil