Please find attached outcome of board meeting dated 29-10-2025 for acceptance of sanction letter and approval of RPT pertaining to consolidation of Studded jewellery manufacturing.
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Awaiting price reaction for this filing.
Uday Jewellery Industries' board, meeting on October 29, 2025, approved the acceptance of a sanction letter from Kotak Mahindra Bank for enhanced working capital limits of ₹125.50 crore (both fund-based and non-fund-based), along with related treasury limits. Separately, the board cleared a Related Party Transaction (RPT) with Sanghi Jewellers Private Limited, a company sharing common directors with Uday Jewellery, for the consolidation of its studded jewellery manufacturing business. This RPT will involve purchasing inventories, stocks, and other products valued at up to ₹80 crore from Sanghi Jewellers. The Audit Committee had earlier recommended both the working capital acceptance and the RPT for board approval.
The ₹125.50 crore working capital boost should support Uday Jewellery's expanded operations, while the ₹80 crore RPT signals a consolidation play in the studded jewellery segment through a related party. Investors should watch for fair valuation and arm's-length pricing disclosures in the forthcoming RPT filing, given the common directorship with Sanghi Jewellers.