International gemmological institute (India) Limited has successfully completed a strategic acquisition that expands its global footprint in the gemological services industry. The company announced the completion of the acquisition of AGL Holdco Inc by its step-down wholly owned subsidiary International Gemological Institute Inc (IGI USA).

Acquisition Details

The acquisition was completed on February 14, 2026, following board approval granted on January 31, 2026. IGI USA acquired 100% of the shareholding of AGL Holdco Inc from the sellers Christopher P Smith and Helene Smith. This transaction also resulted in the indirect acquisition of American Gemological Laboratories LLC (AGL), which is a wholly owned subsidiary of AGL Holdco.

Corporate Structure Changes

Following the completion of this acquisition, significant changes have occurred in the corporate structure. AGL Holdco Inc has become a wholly owned subsidiary of IGI USA and a step-down wholly owned subsidiary of both IGI Belgium and IGI India, effective February 10, 2026.

Additionally, American Gemological Laboratories LLC, which was previously a wholly owned subsidiary of AGL Holdco, has now become a step-down wholly owned subsidiary of IGI USA, IGI Belgium, and IGI India, also effective from the same date.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the company's earlier intimation dated January 31, 2026, which informed stakeholders about the board's approval for the fund infusion and acquisition plans.

Investment Structure

The acquisition was facilitated through a structured investment approach involving multiple international subsidiaries. IGI India initially infused funds into International Gemmological Institute BV (IGI Belgium), its wholly owned subsidiary, which then invested in IGI USA. This step-down subsidiary structure enabled the final acquisition of AGL Holdco and the indirect acquisition of American Gemological Laboratories LLC.

The completion of this acquisition strengthens IGI India's international presence and expands its capabilities in the gemological services sector through the addition of American Gemological Laboratories to its global network.

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.