Please find Enclosed herewith disclosure U/R 29(2)of SEBI SAST REg.2011 received from Sanghi Jewellers Private Limited.
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Sanghi Jewellers Private Limited, part of the promoter group of Uday Jewellery Industries, acquired 9,00,000 equity shares of the company on 25 September 2025. This increased Sanghi Jewellers' holding from 6,02,379 shares (2.62%) to 15,02,379 shares (6.55%) of the company's voting capital. The acquisition was carried out through an inter-se transfer of equity shares among promoter group entities. The disclosure has been filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
This is an internal reshuffling of shares within the promoter group, so no new capital is raised and the total promoter holding remains the same. Shareholders should note that promoter group entities continue to consolidate their holdings, which is generally viewed as a neutral-to-positive signal.