Kalyan Jewellers India Ltd. shares extended their declining trend on Wednesday, January 21, falling 12% and marking the eighth consecutive session of losses. The stock closed at ₹396.00, representing a significant 12.40% decline from the previous session.

Extended Losing Streak Continues

The current eight-day losing streak has resulted in a cumulative decline of 22% for the jewelry retailer's stock. This downward trajectory reflects broader challenges facing the company, with the stock declining in 10 out of 13 trading sessions recorded in 2026. Over the past 12 months, including Wednesday's decline, the stock has fallen 18%.

Mutual Fund Holdings Show Mixed Activity

Institutional investor activity in Kalyan Jewellers has shown notable changes during the recent period. The following table highlights key mutual fund position changes:

Motilal Oswal Midcap Fund significantly reduced its stake, trimming its holding by 2.75 percentage points. Conversely, Sundaram Midcap Fund appeared among public shareholders for the first time with a 1.02% stake at the end of the December quarter.

Promoter Activity and Share Pledging

Promoter activity has included both acquisitions and increased pledging. In August 2024, promoters acquired a 2.36% stake from Warburg Pincus at ₹535.00 per share, significantly above current trading levels. However, the amount of pledged shares from promoters increased substantially:

Retail Investor Base Expands

Despite the stock's declining performance, retail investor participation has grown significantly. The retail shareholder base, comprising investors with authorized share capital up to ₹2.00 lakh, expanded both in absolute numbers and percentage terms:

The increase of over one lakh retail shareholders indicates continued interest from individual investors despite the stock's poor performance.

Current Trading Position

Shares of Kalyan Jewellers closed Wednesday's session at ₹396.00, down 12.40% from the previous close. The stock is trading well below the ₹535.00 level at which promoters acquired shares from Warburg Pincus in August 2024, highlighting the significant value erosion over recent months.

Kalyan jewellers India Limited has announced the cessation of Ms. Kishori J Udeshi as Independent Director following the completion of her tenure. The jewellery retailer informed stock exchanges about this board change through a regulatory filing dated January 16, 2026.

Director Tenure Completion

Ms. Kishori J Udeshi (DIN: 01344073), who served as Non-Executive Independent Director, completed her second consecutive term of appointment and ceased to hold office upon the close of business hours on January 16, 2026. The cessation occurred as per the natural completion of her tenure rather than resignation or removal.

Regulatory Compliance Details

The company filed the disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also complied with SEBI Circular No. SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024.

Corporate Communication

The disclosure was signed by Jishnu RG, Company Secretary & Compliance Officer of Kalyan Jewellers India Limited. The communication was addressed to both National Stock Exchange of India Limited (Symbol: KALYANKJIL) and BSE Limited (Scrip Code: 543278).

Company Information

Kalyan Jewellers India Limited operates from its corporate office located at TC-32/204/2, Sitaram Mill Road, Punkunnam, Thrissur, Kerala. The company holds CIN L36911KL2009PLC024641 and maintains its regulatory compliance through structured board governance processes.

The announcement represents a routine board transition following the completion of the maximum permissible tenure for independent directors as per corporate governance norms.