Uday Jewellery Industries Ltd

Board Meeting Outcome

Uday Jewellery Industries Board Meeting Outcome

Uday Jewellery Industries Ltd approved the allotment of 4,50,000 equity shares worth ₹6.93 Crore upon conversion of warrants. The board also authorized Mr. Uday Sanghi to represent the company in a merger meeting involving Malabar Gold and Diamonds Limited and 51 transferor companies.

Value

₹6.93 Cr

Execution

18 months

Board Meeting Outcome

Uday Jewellery Industries Board Meeting Outcome

Uday Jewellery Industries Ltd held a board meeting on April 22, 2026. Key outcomes include appointing Mr. Sanjay Kumar Sanghi as Chairman and Managing Director, redesignating Mr. Ritesh Kumar Sanghi, and approving a new branch office in Chennai. The company also initiated a postal ballot process for shareholder approvals.

Board Meeting Outcome

Uday Jewellery Industries Board Meeting Outcome

Uday Jewellery Industries Ltd scheduled a board meeting for April 22, 2026, to approve the appointment of Sanjay Kumar Sanghi as Chairman & MD and Ritesh Kumar Sanghi as Joint MD. The board will also consider appointing Bhavna Sanghi and D. Srilekha as directors and opening a new branch office in Chennai.