AJC Jewel Manufacturers Limited , a prominent player in the jewellery sector, has announced significant strategic moves to strengthen its market position and expand its operational footprint. The company's board has approved two key decisions: a share swap acquisition and the formation of a new subsidiary.

Share Swap Acquisition

The board of AJC Jewel Manufacturers has given the green light to acquire a 95% stake in AJC Jewel Manufacturers (FZE), a promoter-held entity. This acquisition, valued at Rs 4 crore, will be executed through a share swap mechanism. The details of the transaction are as follows:

This strategic move is expected to consolidate AJC Jewel Manufacturers' shareholding in AJC Jewel Manufacturers (FZE), transforming it into a subsidiary of the company.

New Subsidiary Formation

In a parallel development, the board has also approved the incorporation of a wholly-owned subsidiary. This new entity will focus on the silver jewellery retail business, further diversifying AJC Jewel Manufacturers' portfolio. Key details of the new subsidiary are:

Financial Position

To provide context for these strategic decisions, let's look at AJC Jewel Manufacturers' recent financial position based on the balance sheet data:

The company has shown significant growth in its asset base and equity over the past year, indicating a strong financial foundation for these expansion initiatives.

These strategic moves by AJC Jewel Manufacturers demonstrate the company's commitment to growth and diversification within the jewellery sector. The share swap acquisition is likely to streamline operations with AJC Jewel Manufacturers (FZE), while the new subsidiary focused on silver jewellery retail could open up new revenue streams. Investors and industry observers will be keen to see how these developments impact the company's market position and financial performance in the coming quarters.

AJC Jewel Manufacturers Limited , a prominent player in the gem and jewelry sector, has announced robust financial results for the half-year ended September 30, 2025, along with plans for international expansion through a strategic acquisition.

Financial Highlights

The company's unaudited financial results for the half-year reveal significant growth across key metrics:

The company's balance sheet also showed notable improvements:

• Share Capital increased to ₹606.84 lakhs from ₹444.84 lakhs
• Reserves and Surplus rose to ₹2,480.09 lakhs from ₹1,029.03 lakhs
• Trade Receivables grew to ₹3,558.57 lakhs from ₹1,782.86 lakhs

Expansion Plans

AJC Jewel Manufacturers has approved a proposal to acquire AJC Jewel Manufacturers FZE, a UAE-based promoter group entity operating in the same business line. This strategic decision aims to align and expand the company's revenues and operations in foreign markets.

The company stated that specific details regarding the percentage of acquisition, consideration, and mode of payment will be disclosed once mutually agreed upon and finalized between the parties involved.

Management Commentary

Ashraf P, Managing Director of AJC Jewel Manufacturers Limited, commented on the results, stating, "Our performance in the first half of the fiscal year demonstrates the strength of our business model and the growing demand for our products. The proposed acquisition of our UAE counterpart aligns with our strategy to expand our global footprint and capitalize on international market opportunities."

Market Response

Following the announcement, there has been notable market activity. On November 4, 2025, Amit Rajendra Prasad Agarwal, an investor not belonging to the promoter group, acquired 201,600 shares of the company through open market purchases. This acquisition increased Agarwal's stake in the company from 3.69% to 7.06%.

Outlook

With strong financial results and strategic expansion plans, AJC Jewel Manufacturers Limited appears to be positioning itself for continued growth in both domestic and international markets. The company's focus on expanding its global presence through the proposed UAE acquisition may provide new avenues for revenue generation and market penetration.

Investors and industry observers will be keenly watching for further details on the UAE acquisition and its potential impact on the company's future performance.