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Gems, Jewellery And Watches
Subsidiary6 Nov 2026, 05:31 pm

Advit Jewels to Incorporate Wholly Owned Subsidiary

AI Summary

Advit Jewels Limited announced its Board of Directors has approved the incorporation of a wholly owned subsidiary, "BARIQUE Jewels Private Limited", on November 06, 2026. The new entity will be engaged in the designing, manufacturing, sourcing, trading, marketing, distribution, and sale of Designer Jewellery and allied products. The incorporation is under process, with the registered office to be situated in Jaipur, Rajasthan, India. Advit Jewels will hold 100% shareholding, subscribing ₹10,00,000 in cash for the initial paid-up share capital.

Key Highlights

  • Board approved incorporation of a wholly owned subsidiary.
  • New subsidiary named 'BARIQUE Jewels Private Limited'.
  • Subsidiary will focus on jewellery design, manufacturing, and sales.
  • Advit Jewels will hold 100% shareholding in the new entity.
  • Initial investment of ₹10,00,000 in cash.