Shanti Gold International Limited has informed the Exchange about Disclosure under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015
SHANTIGOLD · price
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Shanti Gold International Limited has approved a financial investment of Rs. 4.28 Crores in Golkunda Diamonds & Jewellery Limited, a BSE-listed jewellery manufacturer founded in 1990. The company will subscribe to 2,00,000 Convertible Warrants at Rs. 214 per warrant (face value Rs. 10 each). Assuming full conversion of these warrants into equity shares, Shanti Gold's holding in Golkunda would be 2.42% of its paid-up capital. Golkunda reported a turnover of approximately Rs. 252 Crores and a profit after tax of about Rs. 11.8 Crores for FY 2024-25. The investment is a cash consideration, not a related party transaction, and is described by Shanti Gold as part of its 'investment activity' rather than a core business expansion.
This is a small, passive minority investment (Rs. 4.28 Cr, 2.42% post-conversion stake) and is unlikely to materially affect Shanti Gold's business or financials. It signals a minor portfolio allocation into the jewellery sector but is too small to be strategically significant for shareholders.