Shringar House of Mangalsutra Limited has announced the demise of a promoter group member to stock exchanges under regulatory compliance requirements. The company informed both NSE and BSE about this development on March 14, 2026.

Promoter Group Member Demise

Smt. Rasilaben Natwarlal Thadeshwar, aged 77 years, passed away on March 13, 2026. She was the mother of promoter Mr. Chetan Thadeshwar and a member of the company's promoter group. The announcement was made pursuant to Regulation 30 and 31A(6)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

Following the demise, Smt. Rasilaben Natwarlal Thadeshwar will cease to be part of the promoter group in accordance with Regulation 31A(6)(c) of the SEBI LODR regulations, 2015. The company has updated its promoter and promoter group structure accordingly.

Updated Promoter Group Structure

The company has provided a comprehensive list of the current promoter and promoter group members following this change. The updated structure includes 4 promoters and 31 promoter group entities:

Promoters:

• Chetan N Thadeshwar
• Mamta C Thadeshwar
• Viraj C Thadeshwar
• Balraj C Thadeshwar

Promoter Group Members: The promoter group comprises 31 entities including individual members, Hindu Undivided Families (HUFs), partnerships, and private limited companies. Notable entities include Ziya Jewels, Dollops Digital Private Limited, MHST India Private Limited, and various family HUFs.

Corporate Information

The intimation was signed by Rachit S Sinha, Company Secretary and Compliance Officer (Membership No A64256), and digitally submitted on March 14, 2026. Shringar House of Mangalsutra Limited operates from Mumbai with its registered office at Jewel World, Cotton Exchange Building, Kalbadevi Road.

Shringar House of Mangalsutra Limited has completed the relocation of its manufacturing operations from Lower Parel to Kandivali, Mumbai, marking a significant expansion in the company's production capabilities. The transition, effective February 23, 2026, represents a strategic move to enhance operational efficiency and accommodate future growth requirements.

Facility Relocation Details

The company has shifted its manufacturing unit from the 3rd Floor, A-1, Todi Industrial Estate, Sun Mill Compound, Lower Parel to a new location at Ground, 1st and Part of 2nd Floor, Gala no 21 ABCD, Government Industrial Estate, Charkop, Kandivali West, Mumbai. All manufacturing operations from the existing unit ceased immediately on February 23, 2026, with the company commencing operations at the new facility on the same day.

Investment and Strategic Rationale

The expansion requires an investment of approximately Rs. 15 crore, which will be funded entirely through internal accruals. This self-funded approach demonstrates the company's strong financial position and commitment to organic growth. Commercial production at the existing capacity of 2,500 kg began immediately with the facility's opening on February 23, 2026.

The incremental capacity addition to reach the full 4,000 kg annual production is expected to be completed within three months, subject to receipt of necessary approvals. The strategic rationale encompasses increasing production capacity to meet growing market demand, installing advanced and automated machinery for enhanced efficiency, and positioning the company for future expansion.

Management Commentary

Commenting on the relocation, Mr. Chetan Thadeshwar, Managing Director of Shringar House of Mangalsutra Limited, said, "The inauguration of our new Kandivali manufacturing facility marks a significant milestone in our growth journey. Relocating to a larger, technologically advanced unit enables us to enhance operational efficiency, strengthen our infrastructure, and substantially increase our production capacity from 2,500 kg to 4,000 kg. This strategic upgrade positions us to better serve our partners, scale our operations, and meet the rising demand with greater agility and precision."

Company Profile

Shringar House of Mangalsutra Limited specializes in the design, production, and distribution of Mangalsutras across India. The company boasts a portfolio of over 15 distinct collections and more than 10,000 active SKUs, serving 34 corporate clients, 1,089 wholesalers, and 81 retailers across 24 states and 4 union territories. Its prominent corporate customers include Malabar Gold, Titan, Reliance Retail, Novel Jewel, Joyalukkas, PN Gadgil Jewellers, and Damas Jewellery.

Regulatory Compliance

The relocation has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The facility relocation represents a significant milestone in the company's growth strategy, positioning it to better serve customers while maintaining operational excellence in jewelry manufacturing.