Renaissance Global Limited has informed the Exchange regarding a press release.

Renaissance Global Limited has clarified that the recent steep increase in import duty on precious metals (gold and silver from 6% to 15%, platinum from 6.4% to 15.4%) is not expected to materially affect its business. The company manufactures and exports finished jewellery from its SEEPZ Special Economic Zone facility, where imports for authorized manufacturing and export activities continue to benefit from customs duty exemptions under the SEZ framework. RGL's domestic retail business through IRASVA outlets contributes less than 1% of total revenue, limiting any exposure to changes in import duties. The company states the revised duty structure will have no adverse impact on its cost structure, margins, or profitability.