Gleam Fabmat Limited has successfully completed its corporate transformation with the receipt of official regulatory approval for its name change. The company announced on December 15, 2025, that it has received a fresh Certificate of Incorporation from the Registrar of Companies, Delhi-Haryana, officially changing its name to Glaamupjwel Limited.

Official Name Change Completion

The Ministry of Corporate Affairs, through its Central Processing Centre in Manesar, Haryana, issued the Certificate of Incorporation pursuant to the change of name on December 15, 2025. This approval follows the board resolution passed on October 16, 2025, and subsequent shareholder approval obtained at the Annual General Meeting held on November 29, 2025.

Regulatory Framework and Compliance

The name change has been approved under Rule 29 of the Companies (Incorporation) Rules, 2014. The certificate was digitally signed by Mitika Raja, serving as Assistant Registrar of Companies/Deputy Registrar of Companies at the Central Processing Centre.

As per regulatory requirements under Section 12 of the Companies Act, the company must display its former name "Gleam Fabmat Limited" alongside the new name "Glaamupjwel Limited" at all locations where the company is required to display its name for a period of two years.

Corporate Identity and Operations

The company maintains its registered office at Office Flat No. 1111-A, 11th Floor, Indra Prakash Building, 21, Barakhamba Road, New Delhi-110001. The corporate office is located at 825 Iconic Shyamal, Shyamal Cross Road, 132 Ring Road, Jodhpur Char Rasta, Ahmedabad, Gujarat-380015.

Strategic Business Transformation

This name change represents the culmination of the company's strategic shift towards the gems and jewelry sector, as initially announced in the board meeting held in November 2025. The transformation from Gleam Fabmat Limited to Glaamupjwel Limited reflects the company's repositioning in the market and its focus on the jewelry business segment.

The successful completion of this corporate action, along with the previously approved office relocation to Gujarat and other strategic initiatives, positions the company for its new business direction. The company's leadership, under Managing Director and CFO Amit Gupta (DIN: 03038181), has overseen this transition process.

Stakeholder Impact

All existing rights and liabilities of stakeholders remain unaffected by this name change, as clarified in the certificate of incorporation. The company continues to trade under the same BSE symbol "GLEAM" and maintains its existing Corporate Identification Number (CIN: L46909DL2018PLC335610).

Investors and stakeholders are advised to verify the latest status of the company and view public documents on the Ministry of Corporate Affairs website at www.mca.gov.in/MCA21 for updated information.

GLEAM , a company engaged in trading precious and non-precious stones and metals including rough diamonds, has reported its standalone unaudited financial results for the half year ended September 30, 2025. The company's performance reflects a mix of operational improvements and ongoing challenges.

Financial Highlights

• Revenue from operations stood at Rs 785.85 lakhs for the half year.
• The company reported a net profit after tax of Rs 3.86 lakhs, showing a positive turnaround from the previous period's loss of Rs 1.75 lakhs.
• Earnings per share (EPS) improved to Rs 0.04, compared to a negative Rs 0.02 in the previous period.

Operational Challenges and Banking Dispute

Gleam continues to face significant operational and financial hurdles:

1. Outstanding Debt: The company has an outstanding debt of Rs 2.06 crore with Axis Bank Limited, dating back to December 2019. Axis Bank has applied to the Debt Recovery Tribunal (DRT) for recovery of these dues.

2. Asset Restrictions: As per a DRT-III, Delhi order dated December 21, 2020, the company is restrained from selling, transferring, or creating third-party interests in a mortgaged commercial property owned by director Mrs. Pushpa Gupta.

3. GST Registration Issues: The company's GST registration in Delhi was cancelled in August 2021. Subsequently, Gleam established operations in Gujarat, obtaining new GST registration effective January 20, 2023.

4. Inventory Challenges: Stock worth Rs 304.44 lakhs remains sealed by Axis Bank at premises in Delhi due to loan non-payment, preventing physical verification.

Balance Sheet Overview

Cash Flow and Liquidity

The company's cash and bank balances increased from Rs 5.47 lakhs as of March 31, 2025, to Rs 9.29 lakhs as of September 30, 2025, indicating a slight improvement in liquidity.

Management Commentary

The financial statements were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on November 11, 2025.

Auditor's Observations

The independent auditors, Kapish Jain & Associates, have highlighted several concerns in their review report:

1. The company has not made provisions for interest payable on the outstanding amount owed to Axis Bank.
2. The auditors were unable to physically verify the sealed inventory in Delhi.
3. The shift in operations from Delhi to Gujarat following GST registration cancellation may have potential effects on the company's financial statements.

While Gleam has shown some improvement in its financial performance, the ongoing banking dispute, operational challenges, and auditor concerns underscore the complex situation the company faces. Investors and stakeholders may want to closely monitor how the management addresses these issues in the coming months.