Narbada Gems and Jewellery Ltd — Others, 17-07-2025: AGM/EGM

Narbada Gems and Jewellery has announced a meeting of its Equity Shareholders on August 21, 2025, to approve the amalgamation with Uday Jewellery Industries. This merger aims to boost business efficiency, achieve economies of scale, and streamline operations for both jewellery companies, which share common management. Shareholders of Narbada Gems will receive 4,623 equity shares of Uday Jewellery for every 10,000 shares held. This exchange ratio was determined using market price valuation. Creditor meetings were dispensed after receiving no-objection affidavits, indicating minimal impact on their rights. This strategic move is expected to enhance overall shareholder value.