Announcement under Regulation 30(LODR) - Acquisition
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The board of AJC Jewel Manufacturers Ltd approved two items on November 11, 2025. First, the unaudited financial results for the half year ended September 30, 2025, along with the limited review report from statutory auditors. Second, the company approved a proposal to acquire AJC Jewel Manufacturers FZE, a promoter group entity incorporated in UAE that operates in the same jewellery manufacturing business. The objective is to align and expand the company's revenues and operations in foreign markets. Specific details such as percentage of acquisition, consideration amount, and payment mode will be disclosed once mutually decided between the parties.
This acquisition signals AJC Jewel's push into international markets via a related/promoter group entity, which could expand the revenue base but the lack of disclosed deal terms means investors should wait for further details to assess the financial impact on shareholders.