
Amanaya Ventures Appoints First Franchisee for Aurel Forever Yours
Amanaya Ventures Limited has appointed M/s Dharam Pal Bullion & Jewels as the first and founding franchisee for its retail brand "Aurel Forever Yours®". The agreement grants exclusive franchise rights for the Chamba District in Himachal Pradesh. This marks the commencement of the company's franchise-led retail expansion for its gold and silver bullion, jewellery, and allied products. The franchisee will operate the first Aurel Forever Yours® outlet, which was inaugurated on October 11, 2026. The agreement is for a term of 5 years, renewable for another 5 years, with a 12-month lock-in for the franchisee. The company has no shareholding in the franchisee, and the transaction is considered at arm's length, despite a familial relationship between the promoter and the franchisee's partners.
Key Highlights
- Amanaya Ventures launches franchise expansion with first franchisee appointed.
- Dharam Pal Bullion & Jewels to operate Aurel Forever Yours® in Chamba.
- Agreement includes exclusive rights for Chamba District for 5 years.
- Marks commencement of franchise-led retail expansion strategy.
- Transaction is at arm's length, despite promoter's familial ties.
Price Impact
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