Advit Jewels Limited has announced the board’s approval for the incorporation of a wholly-owned subsidiary, to be named “BARIQUE Jewels Private Limited” or a similar name approved by the Registrar of Companies. This strategic move, approved on November 6, 2026, aims to expand the company’s business operations. The subsidiary will focus on designing, manufacturing, sourcing, trading, marketing, distribution, and sale of designer jewellery and allied products, with an initial investment of ₹10,00,000.
Advit Jewels Limited has announced a significant strategic development following its Board of Directors meeting held on November 6, 2026. The board has approved the incorporation of a new wholly-owned subsidiary, which will operate under the name “BARIQUE Jewels Private Limited”, or another name as may be approved by the Registrar of Companies.
Strategic Business Expansion
This incorporation is being undertaken as a strategic step to further the company’s business objectives. The proposed subsidiary will engage in a comprehensive range of activities within the jewellery sector, including designing, manufacturing, sourcing, trading, marketing, distribution, and sale of designer jewellery and allied products. This expansion is expected to enhance Advit Jewels’ market presence and operational capabilities.
Financial Investment
The initial paid-up share capital for the new subsidiary will be fully subscribed in cash. The total investment amounts to ₹10,00,000, representing 1,00,000 equity shares with a face value of ₹10/- each, issued at par. Advit Jewels Limited will hold 100% shareholding in this new entity, ensuring complete control and alignment with the parent company’s strategic vision.
Regulatory Compliance
The company has followed the prescribed procedures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for this disclosure. Further details as required by the SEBI regulations have been provided as an annexure to the announcement. The meeting of the Management Committee of the Board of Directors, where this decision was finalized, commenced at 4:00 P.M. (IST) and concluded at 4:20 P.M. (IST) on the same date.
This announcement is also being uploaded on the company’s website at https://rambhajo.com/.
Source: BSE
