Kalyan Jewellers Converts USD 12M Loan to Equity in US Subsidiary

Kalyan Jewellers India Limited's Executive Committee has approved the conversion of inter-company loans totaling USD 12,034,607 into equity shares of its wholly-owned US subsidiary, Kalyan Jewelers Inc. This strategic move aims to strengthen the subsidiary's capital structure, improve profitability, and support future growth. The conversion will optimize the debt-equity ratio and enhance the balance sheet strength of Kalyan Jewelers Inc., which is engaged in the retail sale of jewelry in the USA. The transaction is considered a related party transaction and has been conducted at arm's length. Kalyan Jewelers Inc. reported a turnover of USD 26,024,396 for FY 2025-26.