Uday Jewellery Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2025 ,inter alia, to consider and approve The Sanction letter ....
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Uday Jewellery Industries has informed BSE that its Board will meet on 29 October 2025. Key items on the agenda include approving a sanction letter dated 23 October 2025 from Kotak Mahindra Bank for Comprehensive Working Capital facilities. The Board will also consider related party transactions worth up to ₹80 Crore for purchasing inventories and products from Sanghi Jewellers Private Limited, as part of consolidating its studded jewellery manufacturing business. Other routine items include noting minutes of previous meetings and audit committee reports.
Approval of the Kotak Mahindra working capital facility should strengthen liquidity for daily operations, while the ₹80 Crore related party purchase signals expansion of the studded jewellery segment. Both are positive for growth, though the related party transaction is sizeable and warrants scrutiny on arm's-length pricing.