International Gemological Institute completed its acquisition of International Gemological Institute (Botswana) Proprietary Limited on September 7, 2026. The transaction consolidates control over the diamond grading laboratory in Botswana.

The company informed stock exchanges that IGI Botswana has become a wholly owned subsidiary of International Gemological Institute FZCO (IGI Dubai). IGI Dubai operates as a step-down subsidiary of the Indian listed entity.

Transaction Details

This disclosure follows an earlier intimation dated August 31, 2026, regarding the consolidation of control. The filing was made under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligation and Disclosures Requirements) Regulations, 2015.

Nitika Dalmia, Company Secretary and Compliance Officer, signed the intimation. The company maintains its registered office in Mumbai.

International Gemological Institute Limited approved the consolidation of control over International Gemological Institute (Botswana) Proprietary Limited on August 31, 2026. The move strengthens international gemological institute 's operational footprint in diamond grading and certification services within Botswana.

The Board of Directors of International Gemological Institute FZCO, a step-down wholly owned subsidiary of the listed entity, authorized the transaction during its meeting held on August 31, 2026. Upon completion and subject to regulatory approvals, IGI Botswana will become a wholly owned subsidiary of IGI Dubai.

Transaction Details

The target entity operates in the diamond grading and certification laboratory industry. The company disclosed that the acquisition is not a related party transaction, and no promoter or group company holds an interest in the entity being acquired.

Strategic Rationale

The primary objective of this acquisition is to strategically establish and expand the company's presence in diamond grading and certification services within Botswana. IGI Botswana is incorporated in Botswana but has not yet commenced business operations, resulting in nil turnover for the period reported.

The transaction requires approval from the Republic of Botswana. The company indicated an indicative time period of one week for completion. No cash consideration or share swap details were provided, as the field was marked not applicable in the regulatory filing.