Key Update
The company has extended its Strategic and Marketing tie-up with August Jewellery Private Limited (which operates the omnichannel brand "Melorra"). The arrangement, which was valid until 30th June 2026, has been extended until 30th September 2026.
Terms and Conditions
The extension is on the exact same terms and conditions as stated in the initial intimation dated 24th April 2025. No changes have been made to the agreement except for the extension of the tenure.
Agreement Details (From Annexure-1)
- Area of agreement/JV: Same as informed in the earlier intimation dated 24th April 2025.
- Domestic/international: Domestic
- Share exchange ratio / JV ratio: Not Applicable
- Scope of business operation of agreement / JV: Same as informed in the earlier intimation dated 24th April 2025.
- Details of consideration paid/received in agreement / JV: Not Applicable
- Significant terms and conditions: Same as informed in the earlier intimation dated 24th April 2025, except for the tenure which is extended till 30th September 2026.
- Related party transaction: The agreement covers operational transactions and does not involve an acquisition. The transactions involved are not related party transactions.
- Size of the entity(ies): Not applicable as no new entity is being formed.
- Rationale and benefit expected: Same as informed in the earlier intimation dated 24th April 2025.
Financial Impact
No financial consideration is involved in this extension. Financial impact not quantified in the disclosure.
Additional Information
This intimation is also available on the company's website.