Uday Jewellery Industries applies to NSE for direct listing of 3.72 crore shares

Uday Jewellery Industries has applied for a direct listing of 3,72,15,825 equity shares on the National Stock Exchange (NSE). The company, currently listed on BSE Limited, seeks to broaden its market access by enabling trading of existing shares on a national exchange platform.

NSE Direct Listing Application

The company submitted its application pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proposal covers 3,72,15,825 equity shares of face value ₹10 each, which are already issued and listed on BSE. This move follows approval by the Board of Directors at its meeting held on May 28, 2026.

The key details of the listing application are as follows:

Parameter	Details
Exchange	National Stock Exchange (NSE)
Listing Type	Direct Listing
Number of Shares	3,72,15,825
Face Value	₹10 each
Board Approval Date	May 28, 2026

Key Highlights

Uday Jewellery Industries has applied for direct listing on the NSE.
The application covers a total of 3,72,15,825 equity shares.
The Board of Directors approved the proposal on May 28, 2026.

The company clarified that the application does not constitute NSE's approval for listing. Admission of the securities remains subject to the exchange's review and the grant of final listing approval. If approved, shareholders would gain enhanced liquidity through one of India's premier stock exchanges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.71%	+0.33%	-0.82%	+7.94%	-4.99%	+37.60%

Uday Jewellery Industries Limited has secured shareholder approval for key management appointments and changes in designations through a remote e-voting process that concluded on June 14, 2026. The resolutions passed include the appointment of Sanjay Kumar Sanghi as Chairman and Managing Director (Corporate Affairs) and the regularization of Bhavna Sanghi as a Whole-Time Director. These changes are aimed at strengthening the company's leadership structure and operational oversight.

The postal ballot process, conducted in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, saw the participation of shareholders holding 12,61,422 equity shares for the first four resolutions. For the fifth resolution, which involved the regularization of Ms. Donthineni Srilekha as a Non-Executive Independent Director, the votes polled increased to 1,55,48,009 shares, including significant participation from the promoter group. All resolutions were passed with the requisite majority, receiving 100% of the votes in favour.

Voting Summary

The remote e-voting was facilitated by Central Depository Services (India) Limited (CDSL) and was open from May 16, 2026, to June 14, 2026. The total number of equity shares on the record date of May 08, 2026, was 3,40,52,925. The scrutinizer for the process was CS. Ajay Suman Shrivastava, a Practicing Company Secretary.

Resolution	Description	Votes Polled	Votes in Favour	% in Favour
1	Appointment of Shri. Sanjay Kumar Sanghi as CMD	12,61,422	12,61,421	100.00
2	Redesignation of Shri. Ritesh Kumar Sanghi as JMD	12,61,422	12,61,421	100.00
3	Regularization of Mrs. Bhavna Sanghi as Director	12,61,422	12,61,421	100.00
4	Appointment of Mrs. Bhavna Sanghi as Whole-Time Director	12,61,422	12,61,421	100.00
5	Regularization of Ms. Donthineni Srilekha as Non-Executive Independent Director	1,55,48,009	1,55,48,008	100.00

Key Appointments

The Board of Directors had appointed CS. Ajay Suman Shrivastava to ensure the e-voting was conducted fairly. The results were submitted to BSE Limited on June 15, 2026. The company has confirmed that all procedural requirements under the Companies Act, 2013, and the SEBI Listing Regulations were met during the process.

The approvals mark a significant restructuring of the company's top management. Sanjay Kumar Sanghi will now serve as the Chairman and Managing Director (Corporate Affairs), while Ritesh Kumar Sanghi transitions to the role of Joint Managing Director (Operations). Bhavna Sanghi's regularization and appointment as Whole-Time Director further solidify the company's governance framework.