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AJC Jewel Manufacturers gets nod to acquire 80% stake in UAE jewellery business
Sep-04-2026

AJC Jewel Manufacturers has received Board’s approval for proposed acquisition of an 80% stake in AJC Jewel Manufacturers (FZC), Sharjah, UAE. The proposed Rs 9.60 crore transaction will be executed entirely through a non-cash share swap arrangement, with up to 5,67,492 equity shares of AJC Jewel Manufacturers proposed to be issued at Rs 169.16 per share, subject to shareholder and regulatory approvals. Upon completion, AJC Jewel Manufacturers (FZC) will become a subsidiary of AJC Jewel Manufacturers. 

The proposed acquisition will move AJC Jewel Manufacturers from having an international operating presence to majority ownership of an existing UAE jewellery manufacturing business, enabling the listed company to have greater ownership and control over the operation following completion. The proposed consolidation is aligned with its broader strategy of developing a scalable jewellery manufacturing platform across domestic and international markets.

AJC Jewel Manufacturers is an integrated manufacturer of 22K and 18K gold jewellery products catering to leading retail chains, corporates, and independent jewellers across India and international markets. 


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