Key Event Details

  • Migration Effective Date: Tuesday, October 27, 2026
  • From Platform: BSE SME Platform
  • To Platforms: Main Board of BSE Limited and National Stock Exchange of India Limited
  • Document Reference: Press release titled "Gold, Grace, Growth & Brilliance: Khazanchi Jewellers Migration to Mainboard Sets Stage for a ₹5,000 Crore Horizon"

Strategic Business Update

Current Financial Position: Company reports current revenue base of approximately ₹2,000 crore

Growth Target: Ambitious target to scale business to over ₹5,000 crore revenue by FY2030

Business Model Transformation:

  • Historical Revenue Mix: Wholesale B2B operations contributed approximately 90% of total revenue
  • Target Revenue Mix: Aiming for balanced 60-40 ratio between B2B and B2C retail segments
  • Retail Target: Scaling B2C retail segment to contribute 35% to 40% of overall revenues over next 3-4 years
  • Margin Impact: Shift toward high-margin retail channels targeted to elevate operating margins to 8% to 9%

Growth Strategy Execution Pillars

1. B2B Core Strengthening

  • Adding new domestic and regional clients across diverse geographies
  • Expanding wallet share with established partners
  • Enhancing supply chain efficiencies through real-time ERP integration

2. B2C Retail Expansion

  • Rolling out 8 to 10 new stores
  • Store mix includes grand flagship experience centres and modern boutiques for minimal jewellery concepts
  • Geographic expansion from home state stronghold to neighbouring regions and ultimately pan-India footprint
  • Recently inaugurated 10,000 Sq feet showroom as premium experience centre

3. Product Category Expansion

  • Aggressively scaling Natural diamond and studded jewellery offerings
  • Operating under Brand Vajraa by Khazanchi
  • Emphasizing design-led, value-added gold and precious metal products

4. Technology Enablement

  • Investing in scalable e-commerce infrastructure
  • Tight integration with central enterprise resource planning systems
  • Enables real-time inventory management and data-driven decision-making
  • Creating omnichannel buying experience across digital and physical platforms

Company Background

  • Based in Chennai, Tamil Nadu
  • Has more than 5 decades of legacy in jewellery business
  • Built trust through owned designed creations and relationships with crafters and manufacturers

Market Context

Migration coincides with favourable period for India's organized jewellery market supported by:

  • Increasing consumer trust in hallmarking and HUID
  • Growing preference for institutional brands over unorganized local jewellers
  • Steady demand for precious metals

Benefits of Mainboard Migration

  • Enhances market visibility for shareholders, institutional investors, and trade partners
  • Improves equity liquidity
  • Positions corporate entity to attract broader institutional capital

Forward-Looking Statements Disclaimer

The document contains forward-looking statements subject to risks and uncertainties including government actions, local, political or economic developments, technological risks, and other factors that could cause actual results to differ materially from those contemplated. The company undertakes no obligation to publicly update these forward-looking statements.