Acquisitions14 May 2025, 03:39 pm
Uday Jewellery Industries Ltd. Considers Acquiring Studded Jewellery Manufacturing Business of Sanghi Jewellers
AI Summary
The Board Meeting of Uday Jewellery Industries Ltd. held on 14th May, 2025 discussed and approved several matters. The Board took note of the minutes of the previous Board Meeting, Action taken Report, minutes of the Audit Committee meeting, and a Circular Resolution passed on 26.04.2025. The significant decision emerged when the Board discussed the potential acquisition of the Studded Jewellery Manufacturing Business of Sanghi Jewellers Private Limited, a leading manufacturer of natural gem stone studded jewellery, as a Going Concern. The Board authorized Mr. Ritesh Kumar Sanghi and Mr. Sanjay Kumar Sanghi to bring a detailed proposal for further consideration.
Key Highlights
- Board Meeting of Uday Jewellery Industries Ltd. held on 14th May, 2025
- Discussion and approval of various matters, including minutes of previous Board Meeting, Action taken Report, and minutes of the Audit Committee meeting
- Potential acquisition of Studded Jewellery Manufacturing Business of Sanghi Jewellers Private Limited
- Authorisation of Mr. Ritesh Kumar Sanghi and Mr. Sanjay Kumar Sanghi to bring a detailed proposal