AJC Jewel Manufacturers Limited has announced the opening of a new retail showroom by its subsidiary company, marking another milestone in the company's expansion strategy. The development was disclosed to BSE Limited under Regulation 30 of SEBI listing requirements.

Subsidiary Showroom Launch

Esthara Jewels Private Limited, a subsidiary of AJC Jewel Manufacturers Limited, has commenced operations at its new showroom located in Hilite Mall, Thrissur, Kerala. The showroom was officially inaugurated on 06/04/2026, representing a significant step in the company's retail expansion plans.

Business Strategy Alignment

The new showroom will undertake retail sales of silver jewellery, which aligns with AJC Jewel Manufacturers' broader business expansion strategy. This move demonstrates the company's commitment to strengthening its retail presence and expanding its market reach in the Kerala region.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing BSE Limited about this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Ms. Reshmi N K, Company Secretary and Compliance Officer, ensuring proper regulatory compliance and transparency with stakeholders.

AJC Jewel Manufacturers Limited has issued a comprehensive postal ballot notice dated March 23, 2026, and subsequently submitted newspaper publication confirmation to BSE Limited on March 24, 2026, seeking shareholder approval for five critical special resolutions that will enhance the company's financial flexibility and operational capabilities.

Regulatory Compliance and Publication

The company submitted formal notification to BSE Limited under Regulation 30 of SEBI Listing Regulations, confirming the publication of postal ballot notices in leading newspapers. The notices were published in "Business Standard" (English) and "Metro Vartha" (Malayalam) on March 24, 2026, ensuring comprehensive reach to shareholders across different linguistic regions.

Key Resolutions and Financial Proposals

The postal ballot encompasses five major resolutions with substantial financial implications for the company's future operations:

E-Voting Timeline and Process

The company has established a comprehensive electronic voting framework to facilitate shareholder participation:

Material Related Party Transaction Details

A significant component of the postal ballot involves approving material related party transactions with Esthara Jewels Private Limited (EJPL), a recently incorporated subsidiary. The transaction details reveal the strategic nature of this relationship:

Subsidiary Information:

• Incorporation Date: December 23, 2025
• AJC Shareholding: 88% equity stake
• Promoter Holding: 12% held by Mr. Ashraf P
• Business Activity: Retail silver jewellery operations
• Transaction Value: ₹50 crore

The proposed transactions include inter-corporate loans, deposits, guarantees, investments, and various sale/purchase arrangements designed to support the subsidiary's operational requirements and business expansion.

Enhanced Borrowing and Investment Capabilities

The resolutions collectively aim to strengthen the company's financial architecture through multiple mechanisms. The proposal to increase thresholds for loans, guarantees, and securities to ₹50 crore will enable the company to pursue strategic investments and support business partners more effectively. The proposed increase in overall borrowing limits to ₹150 crore under Section 180(1)(c) provides substantial financial headroom for growth initiatives and operational requirements.

The postal ballot process demonstrates strict adherence to regulatory requirements, with the notice being distributed exclusively through electronic means in compliance with MCA Circulars and SEBI Listing Regulations. Shareholders whose names appear in the Register of Members as of the March 20, 2026 cut-off date are eligible to participate in the e-voting process through CDSL's platform at www.evoting.cdsl.com .