Shringar House of Mangalsutra Limited announced that its Board of Directors, at a meeting held on 04th November, 2026, approved the incorporation of a wholly owned subsidiary company in India. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The proposed subsidiary is aimed at expanding the Company's business operations, exploring new growth opportunities, and pursuing strategic objectives through diversification into allied and complementary business activities, specifically the jewellery and related products business.

Key Details of the Proposed Subsidiary:

  • Name: To be approved by the Ministry of Corporate Affairs
  • Country of Incorporation: India
  • Proposed Authorized Capital: ₹25,00,00,000 (Twenty-Five Crore) divided into 2,50,00,000 (Two Crore Fifty Lakh) Equity Shares of ₹10 each
  • Industry: Jewellery Industry
  • Business Activities: Manufacturing, designing, processing, fabricating, assembling, buying, selling, trading, importing, exporting, distributing and dealing in jewellery, ornaments, accessories including fashion and lifestyle accessories, and allied products made of or containing gold, silver, diamonds, copper and other precious, semi-precious and non-precious metals, gemstones and other materials
  • Distribution Channels: Both online and offline channels under Business-to-Business (B2B) and Business-to-Consumer (B2C) business models, including wholesale and retail trade, e-commerce platforms, digital marketplaces, retail outlets, and showrooms

Investment Details:

  • Nature of Consideration: 100% cash subscription to Share Capital
  • Investment Amount: ₹5,00,00,000 (Five Crore)
  • Share Allocation: Subscription to 50,00,000 Equity Shares of face value ₹10 per share, at par
  • Shareholding: 100% ownership by Shringar House of Mangalsutra Limited

Regulatory Aspects:

  • No specific governmental or regulatory approvals required beyond standard approvals, filings and compliances for incorporating a wholly owned subsidiary in India under applicable laws
  • The subsidiary will be a related party of the Company once incorporated
  • Promoter/promoter group/group companies are not interested in the transaction beyond what is mentioned

The disclosure is made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and includes the required Annexure-A with detailed particulars.