Uday Jewellery Industries Ltd — Others, 16-07-2025: AGM/EGM

Uday Jewellery Industries has announced a shareholder meeting on August 21, 2025, to approve its amalgamation with Narbada Gems and Jewellery. This merger aims to boost efficiency, streamline operations, and enhance shareholder value by combining resources. Both companies, operating in similar jewellery businesses, expect to achieve economies of scale and better market reach. The scheme involves Uday Jewellery issuing 4,623 shares for every 10,000 shares of Narbada Gems. Creditor meetings were dispensed after 'no-objection' affidavits were received. This strategic move is anticipated to drive growth and financial stability for the combined entity.