Joint Venture29 Oct 2025, 01:53 pm
Uday Jewellery Industries Ltd. Approves RPT for Studded Jewellery Manufacturing Consolidation and Accepts Enhanced Working Capital Limits
AI Summary
In a board meeting held on 29th October, 2025, Uday Jewellery Industries Ltd. approved a Related Party Transaction (RPT) for the consolidation of the Studded Jewellery Manufacturing Business of Sanghi Jewellers Private Limited. The transaction, estimated at ₹80 crore, involves the purchase of inventories, stocks, and other products. The board also accepted a sanction letter from Kotak Mahindra Bank Limited, sanctioning enhanced working-capital limits of ₹125.50 crore, along with related treasury limits. The meeting, which started at 1.00 P.M. and ended at 1:40 P.M., was held in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Uday Jewellery Industries Ltd. approved a Related Party Transaction (RPT) for the consolidation of the Studded Jewellery Manufacturing Business of Sanghi Jewellers Private Limited.
- The transaction is estimated at ₹80 crore and involves the purchase of inventories, stocks, and other products.
- The board accepted a sanction letter from Kotak Mahindra Bank Limited, sanctioning enhanced working-capital limits of ₹125.50 crore.
- The meeting was held in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.