Regulation 30 - Incorporation of subsidiary
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AJC Jewel Manufacturers Ltd has informed BSE that its newly incorporated subsidiary, M/s. Esthara Jewels Private Limited, has received its Certificate of Incorporation from the Registrar of Companies, Kerala. AJC Jewel holds 88% of the equity share capital in Esthara Jewels, while the remaining 12% is held by the promoter, Mr. Ashraf P. This updates the company's earlier intimation dated November 25, 2025, which had referred to the entity as a wholly owned subsidiary, though the actual holding is 88%. Esthara Jewels qualifies as a subsidiary under the Companies Act, 2013 and SEBI LODR Regulations.
This is a routine corporate update confirming the formal incorporation of a subsidiary; it clarifies that the subsidiary is majority-owned (88%) rather than fully owned by the company, with a small promoter stake of 12%.