International gemmological institute (India) Limited has announced significant corporate developments following its Board meeting held on February 11, 2026. The company has declared a substantial interim dividend for shareholders and approved a strategic name change that reflects its evolving corporate identity.

Interim Dividend Declaration

The Board has declared a second interim dividend for the financial year 2025-26, demonstrating the company's commitment to shareholder returns. The dividend details showcase strong financial performance and cash flow generation.

The dividend payment aligns with the company's Dividend Distribution Policy and covers the financial year from January 1, 2025 to March 31, 2026. Shareholders holding equity shares as of the record date will be entitled to receive the dividend payment.

Corporate Name Change Approval

The Board has approved a significant corporate rebranding initiative, changing the company name from "International Gemmological Institute (India) Limited" to "International Gemological Institute Limited." This decision follows receipt of a no-objection and name reservation letter dated January 28, 2026, from the Central Registration Centre.

The name change reflects the company's strategic positioning and global presence. Key aspects of the proposed change include:

• Removal of "(India)" from the corporate name
• Spelling change from "Gemmological" to "Gemological"
• Enhanced alignment with international branding standards
• Subject to shareholder and statutory authority approvals

Regulatory Compliance and Documentation

The company has approved consequential alterations to its Memorandum of Association and Articles of Association to implement the name change. The amendments cover multiple clauses across both documents:

Memorandum of Association Changes

Articles of Association Updates

The Articles of Association will undergo comprehensive updates across multiple sections, including the title, introduction, company definition, and dividend-related clauses. These changes ensure complete alignment with the new corporate identity while maintaining regulatory compliance.

Shareholder Approval Process

The Board has approved a postal ballot notice to seek shareholder approval for the name change and associated document amendments. This process ensures democratic participation in the corporate transformation while adhering to regulatory requirements under the Securities and Exchange Board of India regulations.

The Board meeting, which commenced at 9:33 a.m. IST and concluded at 9:47 a.m. IST, addressed these significant corporate matters efficiently. All decisions align with the company's strategic vision and regulatory obligations, positioning the organization for continued growth and enhanced market presence.

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.