Board Meeting outcome dated 14.05.2025
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The Board of Directors of Uday Jewellery Industries Ltd met on 14th May 2025 and approved routine items including minutes of the previous meeting, the action taken report, audit committee minutes, and ratification of a circular resolution passed on 26th April 2025. The key item discussed was the potential acquisition of the Studded Jewellery Manufacturing Business of Sanghi Jewellers Private Limited, which is described as a leading manufacturer of natural gem stone studded jewellery. The Board authorised Managing Director Ritesh Kumar Sanghi and Director Sanjay Kumar Sanghi to present a detailed proposal after evaluating all aspects. The meeting lasted about 40 minutes.
This is an early-stage exploration of an acquisition that could expand the company into studded (gemstone) jewellery manufacturing, a new segment for Uday Jewellery. For shareholders, this signals potential growth but no deal has been finalised yet — the detailed proposal is still pending.