International Gemmological Institute (India) Limited has issued a postal ballot notice dated February 17, 2026, seeking shareholder approval for its proposed name change and related corporate amendments. The company previously announced significant corporate developments including interim dividend declaration and name change approval during its Board meeting on February 11, 2026.

Postal Ballot Process and Timeline

The company has initiated the formal shareholder approval process through postal ballot for the proposed name change from "International Gemmological Institute (India) Limited" to "International Gemological Institute Limited." The postal ballot notice has been dispatched to all eligible shareholders as per regulatory requirements.

Remote E-Voting Facility

In compliance with regulatory circulars, the company is conducting the postal ballot exclusively through remote e-voting facility. Shareholders whose email addresses are registered with the company, registrar, or depositories as of the cut-off date will receive voting instructions electronically.

The voting process will be conducted through KFin Technologies Limited's e-voting platform at https://evoting.kfintech.com . Individual demat account holders can access the voting facility through their respective depository websites or directly through the e-voting portal using their credentials.

Previously Announced Corporate Developments

The postal ballot follows the Board's earlier approval of significant corporate actions during its February 11, 2026 meeting. The company had declared a substantial second interim dividend for FY26 alongside the name change approval.

Regulatory Compliance and Documentation

The proposed name change requires consequential amendments to the company's Memorandum of Association and Articles of Association. The resolution seeks approval for changing the name clause and updating all references to the company name throughout the charter documents.

The company has appointed Tushar Shridharani, Practicing Company Secretary, as the scrutinizer for conducting the postal ballot process. The scrutinizer will ensure fair and transparent conduct of the remote e-voting process and submit the final report upon completion of vote counting.

Shareholder Eligibility and Voting Rights

Shareholders whose names appear in the register of members or beneficial owners as of February 13, 2026, are eligible to participate in the postal ballot. Voting rights will be proportionate to shareholding as of the cut-off date, with each equity share carrying one vote.

The company has obtained necessary regulatory clearances including a no-objection letter from the Central Registration Centre dated January 28, 2026, for the proposed name change. The resolution, if approved, will be deemed passed on March 19, 2026, the last date of remote e-voting.

International Gemmological Institute (India) Limited has announced a strategic acquisition that will significantly expand its presence in the colored gemstone certification market. The company's board of directors approved the acquisition of AGL Holdco Inc and its subsidiary American Gemological Laboratories (AGL) through step-down subsidiary IGI USA on January 31, 2026.

Transaction Structure and Financial Details

The acquisition involves IGI USA purchasing 100% stake in AGL Holdco Inc from sellers Christopher P Smith and Helene Smith. The total consideration amounts to USD 13.2 million, structured as follows:

The transaction is expected to complete within 2 months and does not require any governmental or regulatory approvals. Following completion, AGL Holdco will become a wholly-owned subsidiary of IGI USA and a step-down subsidiary of IGI Belgium and IGI India.

Target Company Profile

American Gemological Laboratories, founded in 1977 and headquartered in New York's gem and jewelry district, specializes in comprehensive colored gemstone analysis. The company has demonstrated consistent growth in recent years:

*Based on tax returns

AGL is recognized as a pioneer in the colored gemstone industry, being the first gemological laboratory in the USA to issue country-of-origin reports and the first globally to quantify colored stone quality in a comparative manner. The company provides detailed identification and enhancement reports, country-of-origin reports, and complete colored stone analysis documents for gems of unique importance.

Strategic Rationale and Business Impact

The acquisition creates a comprehensive global certification platform combining IGI's industry-leading scale and infrastructure with AGL's specialized expertise in colored gemstones. Key strategic benefits include:

• Market Expansion: IGI gains access to the fast-growing colored gemstone segment and expands its addressable market
• Revenue Diversification: The transaction diversifies IGI's revenue streams beyond its traditional diamond certification business
• Global Reach: AGL will gain access to IGI's global infrastructure to expand colored gemstone certification services beyond the US market
• Scientific Excellence: The combined entity will leverage AGL's deep scientific expertise and pioneering leadership in colored gemstones

Operational Continuity and Leadership

Christopher Smith will continue as President and Chief Gemologist of AGL, ensuring business continuity and maintaining the laboratory's scientific independence. AGL will remain headquartered in New York and operate independently under its established brand while benefiting from IGI's global network and resources. No immediate operational changes are planned, with both organizations committed to maintaining existing technical standards and client service levels.

Market Positioning

The transaction strengthens strategic linkages between the United States, the world's largest market for fine jewelry and colored gemstones, and India, a global hub for gemstone manufacturing and certification. The combined platform positions the group to serve the global gemstone trade with enhanced scale, scientific capability, and geographic reach, addressing evolving market demands for provenance, transparency, and consistency in gemstone certification.