Kalyan Jewellers has announced the incorporation of a new Wholly Owned Subsidiary (WOS) named KJG Brands Private Limited. The decision was approved by the Board of Directors on February 06, 2026. The subsidiary aims to run jewellery retail showrooms focused exclusively on regional customers under separate brands in one or more states within India.
Subsidiary Incorporation Approved
The Board of Directors of Kalyan Jewellers has given the green light to the incorporation of a new Wholly Owned Subsidiary (WOS) under the name KJG Brands Private Limited or any other name approved by relevant authorities. The decision was made during a board meeting held on February 06, 2026.
Strategic Rationale
The newly formed subsidiary will focus on operating jewellery retail showrooms. These showrooms will cater specifically to regional customers, offering products under distinct brands. The aim is to establish a presence in one or more states within India. The business of the subsidiary aligns with the holding company, Kalyan Jewellers India Ltd.
Key Details of Incorporation
The consideration for the acquisition will be in cash. Kalyan Jewellers will acquire 100% shareholding/control of the subsidiary. As the entity is yet to be incorporated, further details regarding its business operations and financial history are not available.
Disclaimer
The incorporation of the WOS is subject to the approval of competent authorities.
Source: BSE
