Uday Jewellery Industries Limited has reached a significant milestone in its proposed merger with Narbada Gems & Jewellery Limited. The National Company Law Tribunal (NCLT) has admitted the company's second motion petition for a scheme of amalgamation, marking a crucial step forward in the consolidation process.

Key Developments

• Petition Admission: The NCLT has admitted Uday Jewellery Industries' second motion petition for the scheme of amalgamation with Narbada Gems & Jewellery Limited.
• Upcoming Hearing: The petition is expected to be listed for hearing in the near future, though a specific date has not been announced.
• Commitment to Transparency: Uday Jewellery Industries has pledged to keep the stock exchange informed of any further developments in this matter as they unfold.

Implications of the Merger

The admission of the petition by the NCLT is a significant step in the merger process between Uday Jewellery Industries and Narbada Gems & Jewellery. Amalgamations in the jewellery sector can lead to various strategic benefits, potentially including:

• Expanded market presence
• Diversified product offerings
• Operational synergies
• Enhanced competitiveness in the luxury goods market

Next Steps

Investors and stakeholders will be closely watching for the outcome of the upcoming NCLT hearing. The tribunal's decision will be crucial in determining the path forward for the proposed amalgamation.

As the situation develops, Uday Jewellery Industries' commitment to keeping the exchange informed suggests that further updates can be expected in due course. Stakeholders are advised to stay tuned for official communications from the company regarding the progress of the amalgamation process.

Uday Jewellery Industries Limited has announced its 26th Annual General Meeting (AGM) to be held on Monday, September 29, 2025, at 12:00 PM IST through video conferencing. The company has also disclosed important dates and corporate actions related to the AGM.

Key Dates

• AGM Date: September 29, 2025
• Book Closure: September 22-29, 2025 (both days inclusive)
• Cut-off Date for E-voting Eligibility: September 19, 2025
• Remote E-voting Period: September 26, 2025 (9:00 AM) to September 28, 2025 (5:00 PM)

E-voting and Participation

Shareholders can participate in the AGM through video conferencing and cast their votes electronically. The company has engaged Central Depository Services (India) Limited (CDSL) to provide the e-voting facility. Members holding shares as of the cut-off date will be eligible to vote electronically or during the AGM.

Special Business Items

The AGM agenda includes several special business items for shareholder approval:

1. Approval of material related party transactions
2. Increase in borrowing powers and creation of charge on assets
3. Appointment of Mr. Dileep Kumar Jain as an Independent Director
4. Re-appointment of Mr. Sunil Garg as an Independent Director
5. Appointment of Mrs. Pritha Sanghi as Whole Time Director
6. Approval of remuneration for Mr. Ritesh Kumar Sanghi, Managing Director
7. Appointment of CS. Arpita Dhar as Secretarial Auditor

Board Recommendations

The Board of Directors has recommended these resolutions for shareholder approval. The company believes these actions will contribute to its growth strategy and strengthen corporate governance.

Accessing AGM Documents

The Notice of the 26th AGM, along with the Annual Report for FY 2024-25, has been sent electronically to shareholders whose email addresses are registered with the company or depository participants. These documents are also available on the company's website.

Uday Jewellery Industries Limited encourages all eligible shareholders to participate in the AGM and exercise their voting rights on the proposed resolutions.