Uday Jewellery Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/01/2026 ,inter alia, to consider and approve 1. Utilisation of ....
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Uday Jewellery Industries has called a board meeting on 21st January 2026 in Hyderabad. The board will consider deploying up to ₹10 crore of surplus funds (including margins kept aside for hedging and risk management) to invest in shares or securities of other companies, under Section 186 of the Companies Act. Additionally, it will consider taking Inter-Corporate Deposits (ICDs) of up to ₹10 crore from Sanghi Jewellers Private Limited, a related party, in multiple tranches. This borrowing will be treated as a Related Party Transaction under Section 188 of the Companies Act. Both proposals are subject to board approval on the scheduled date.
For shareholders, this signals that the company has idle surplus cash it wants to put to work in market investments, which could boost future returns. However, simultaneously taking on ₹10 crore in related-party borrowings is a mixed signal — it may indicate short-term funding needs despite the surplus. No immediate impact on share price is expected until the board formally approves these proposals.