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 Intimation of Board ....
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Uday Jewellery Industries has called a Board meeting on 21 January 2026 to consider two proposals. First, the company plans to deploy up to ₹10 crore of surplus funds (including margins kept for hedging and risk management) into shares and securities of other companies under Section 186 of the Companies Act. Second, the company proposes to take Inter-Corporate Deposits (ICDs) of up to ₹10 crore from Sanghi Jewellers Private Limited, a related party, in multiple tranches, classified as a Related Party Transaction under Section 188.
Shareholders should note that the company is looking to deploy idle surplus into market investments and also borrow from a related party, which may raise questions on capital allocation, related-party dealings, and the use of hedging margins for equity exposure.