Product Launch Details
Nihar Info Global Limited has launched its proprietary range of branded silver coins under the "goldnsilver.shop" brand as part of the strategic expansion of its precious metals platform www.goldnsilver.shop.
Manufacturing Arrangement
The company has entered into a manufacturing agreement with Shree Jagannathji Sterling Products Private Limited, Noida, Uttar Pradesh, for the manufacture of silver products under the company's goldnsilver.shop brand. The manufacturer holds applicable BIS certification for its relevant activities and products.
Key details of the arrangement:
- Manufacturer: Shree Jagannathji Sterling Products Private Limited
- Relationship: Not a related party to the company or its Promoters/Promoter Group
- Basis: Agreement executed on arm's length basis
- Manufacturer's business: Engaged in manufacture and sale of silver jewelry and related silver products
Initial Product Range
The company has launched four silver coin products/variants under the goldnsilver.shop brand, now available through www.goldnsilver.shop:
Product 1: 10.00 Gms Gift Set
- Purity: Fine Silver 999 (99.9% Pure)
- Total Weight: 10.00 Grams
- Composition: 9 coins (8 pieces tree motifs + 1 piece Queen Elizabeth II profile)
- Target Segment: Corporate & Premium Gifting
Product 2: 5.00 Gms Set
- Purity: Fine Silver 999 (99.9% Pure)
- Total Weight: 5.00 Grams
- Configuration: 1Gm × 5 pieces
- Design: Featuring peacock and tree motifs
- Target Segment: Festive & Family Gifting
Product 3: 3.00 Gms Set
- Purity: Fine Silver 999 (99.9% Pure)
- Total Weight: 3.00 Grams
- Configuration: 1Gm × 3 pieces
- Design: Featuring "Best Wishes" typography and tree engravings
- Target Segment: Occasion & Retail Purchase
Product 4: 2.00 Gms Set
- Purity: Fine Silver 999 (99.9% Pure)
- Total Weight: 2.00 Grams
- Configuration: 1Gm × 2 pieces
- Design: Featuring "Best Wishes" typography and natural tree motifs
- Target Segment: Token Gifting & Retail
Strategic Intent
The launch represents a milestone in developing goldnsilver.shop as an integrated gold and silver ecosystem. The company intends to progressively develop goldnsilver.shop as a premium consumer-facing brand for selected physical gold and silver products, subject to applicable statutory and regulatory requirements.
Future Plans
The company proposes to expand the range of branded precious metal products in a phased manner based on customer response, market opportunities, and commercial viability.
Disclosure Purpose
This announcement is made for the information of shareholders, investors, and other stakeholders of the company.