Uday Jewellery Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/05/2025 ,inter alia, to consider and approve The proposal for ....
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Uday Jewellery Industries has informed BSE that its Board will meet on 14th May 2025 to discuss and approve the proposal to acquire the Studded Jewellery Manufacturing Business of Sanghi Jewellers Private Limited on a going-concern basis. The acquisition would add a studded jewellery (diamond/gemstone-set jewellery) manufacturing vertical to Uday Jewellery's existing operations. The Board will also ratify a circular resolution passed on 26th April 2025. No financial details, valuation, or deal size have been disclosed yet — those are likely to come at or after the board meeting on 14th May.
If approved, this acquisition expands Uday Jewellery into the studded jewellery segment and could boost revenue and margins, but deal economics and integration risks remain unknown. The stock may see short-term attention ahead of and after the 14th May board meeting outcome.