Goldiam International Ltd has inaugurated its 16th retail store at Nexus Whitefield Mall in Bengaluru on February 13, 2026, marking another milestone in the company's retail expansion strategy. The new store operates under the company's lab-grown diamond jewellery brand ORIGEM and represents the company's continued commitment to strengthening its presence in key Indian markets.

Store Location and Details

The new ORIGEM store is strategically positioned at Nexus Whitefield Mall, offering customers convenient access to the company's lab-grown diamond jewellery collection.

Expanding Retail Network

With this latest addition, Goldiam International now operates an extensive network of retail stores across major Indian cities. The company's retail presence spans multiple locations including Mumbai, Delhi, Noida, Chandigarh, Kolkata, Chennai, and Bengaluru.

The company's existing store locations include:

• Mumbai: Turner Road Bandra West, Mulund West, Fairmont Hotel near T2 Terminal at Chhatrapati Shivaji Maharaj International Airport Road, Andheri Link Road, Phoenix Palladium, R City Mall Ghatkopar
• Navi Mumbai: Kharghar
• Delhi NCR: Paschim Vihar Delhi, Noida Central 50, Wave One Mall Noida
• Other Cities: Nexus Elante Mall Chandigarh, South City Mall Kolkata, Phoenix Marketcity Mall Chennai

Strategic Business Development

The company has indicated that this development aligns with its long-term strategy of expanding retail presence and strengthening customer engagement across key markets. The ORIGEM brand focuses specifically on lab-grown diamond jewellery, positioning the company in the growing sustainable luxury segment.

Goldiam International has noted that it will continue to update the exchanges with further developments in due course, suggesting potential additional expansion plans.

Store Network Updates

The company has also provided an update regarding its Borivali West store, which has been temporarily closed due to building redevelopment. Goldiam International is currently evaluating relocation options for this location, including potential mall locations or other suitable venues that offer higher footfall to maximize customer reach.

Goldiam International Limited has successfully passed its quarterly monitoring review for the utilization of proceeds from its Rs. 202.05 crore Qualified Institutional Placement (QIP), according to a report issued by CARE Ratings Limited for the quarter ended December 31, 2025.

QIP Utilization Overview

The monitoring agency confirmed that all proceeds utilized during Q3FY26 were in accordance with disclosures made in the placement document. The company has maintained transparency in fund deployment while ensuring optimal returns on unutilized amounts.

Fund Deployment Progress

The primary objective of the QIP is funding expenditure towards setting up 63 new brand-exclusive stores across India, with a total allocation of Rs. 194.96 crore. During Q3FY26, the company made significant progress in this initiative.

Store Expansion Activities

The company has opened 13 new retail stores till January 07, 2026, and signed MoUs for 19 additional stores planned for the coming months, progressing toward its target of 63 stores.

Investment of Unutilized Proceeds

CARE Ratings noted that Rs. 183.97 crore of unutilized proceeds have been strategically invested across various instruments to generate returns while maintaining liquidity for future deployment.

Investment Portfolio Breakdown

Regulatory Compliance and Approvals

The monitoring report confirmed that the company has obtained all necessary government and statutory approvals related to the project objectives. Board resolution dated August 11, 2025, authorized the management to invest unutilized QIP proceeds in creditworthy instruments until required for deployment.

Risk Factors and Market Considerations

CATE Ratings highlighted that the company derived approximately 99% of its sales in FY25 from exports, with the US contributing more than 95% of revenue. The monitoring agency noted that potential imposition of additional import tariffs on India could impact the company's performance in coming quarters.

The report also mentioned that Rs. 29.43 crore of unutilized proceeds have been invested in non-convertible debentures with maturities extending beyond the timeline specified in the placement document, though the company clarified these are listed instruments that can be liquidated within 2-3 working days.

Implementation Timeline

According to the placement document, the company plans to deploy Rs. 85.19 crore by March 31, 2026, and Rs. 110.01 crore by March 31, 2027. As of December 31, 2025, Rs. 13.44 crore has been utilized against the first milestone, indicating steady progress toward the implementation schedule.

The monitoring report found no deviations from the stated objectives and confirmed that shareholder approval requirements were not applicable as no material deviations occurred during the quarter.

Source: Exclusive