Gitanjali Gems share news and announcements
BSE: 532715Consumer Durables
Trading suspended since 2 Apr 2019
Last traded ₹1.05 on 1 Apr 2019
Gitanjali Gems share news and announcements
1,286 announcements, routine notices left out, newest first. Page 25 of 26.
Sep 2008
2 Sep · Memorandum of Understanding
Company has entered into Memorandum of understanding with India's one of leading international trading company, MMTC Limited, with a view to form a joint venture by way of jointly investing, establishing and operating a joint venture company. The primary objective of the proposed joint venture company would be to carry on the business of establishing, acquiring, developing, managing and maintaining jewellery showrooms in India and carrying out such other activities as may be incidental or ancillary thereto in furtherance of the Business of the Company.
Jul 2008
31 Jul · Utilisation of Funds
Vide notes to Accounts in the Unaudited Financial Results for the quarter ended June 30,2008 (taken on record by the Board of the directors of the Company at its meeting held on July 31, 2008) regarding utilization of IPO proceeds. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.31 Jul · Meeting
At the meeting of the Board of Directors held on July 31, 2008 the Board has fixed that the Register of Members and Share Transfer Books shall remain closed from September 06, 2008 to September 18, 2008 (both days inclusive) for the purpose of declaration of dividend for the year ended March 31, 2008. Further the Company has informed that the Annual General Meeting of the Company is scheduled to be held on September 18, 2008. The Dividend if approved by the members at the ensuing Annual General Meeting scheduled on September 18, 2008 will be paid to the shareholders on or after September 23, 2008.31 Jul · Updates
The Board has given in-principal approval for consolidating its Indian business by re-aligning its holdings in these businesses to a new Subsidiary Company31 Jul · Results
Standalone Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 71142.91 lacs for quarter ending on 30-JUN-2008 against Rs. 65385.22 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 3354.13 lacs for the quarter ending on 30-JUN-2008 against Rs. 3282.83 lacs for the quarter ending on 30-JUN-2007.31 Jul · Results
Consolidated Results for the quarter ended on 30-JUN-2008 as follows: Net Sales of Rs. 121814.06 lacs for quarter ending on 30-JUN-2008 against Rs. 95967.84 lacs for the quarter ending on 30-JUN-2007. Net Profit / (Loss) of Rs. 4177.35 lacs for the quarter ending on 30-JUN-2008 against Rs. 3605.02 lacs for the quarter ending on 30-JUN-2007.24 Jul · Business
In continuance to the Company's policy towards strategic acquisition, Company has acquired "B VIJAY RETAIL VENTURES PRIVATE LIMITED" (BVRVPL) through wholly owned subsidiary Gitanjali Lifestyle Limited. We further wish to inform that the BVRVPL is engaged in the business of trading and retailing of gold, silver, precious metal and diamond studded jewellery. "HooP" is one of he premium brand of BVRVPL23 Jul · Board meeting
Meeting on 31 Jul 2008: “Unaudited Financial Results for the Qtr ended June 30, 2008”8 Jul · Utilisation of Funds
Vide notes to Accounts in the Audited Financial Results for the year ended March 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on June 30, 2008) regarding utilisation of funds. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.1 Jul · Updates
Profit and Loss Appropriation statement with respect to dividend recommended by the Board at its meeting held on June 30, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jun 2008
30 Jun · Dividend
Board of Directors of the Company at its meeting held on June 30, 2008 have recommended a final dividend of 18% i.e Rs. 1.80/- per share on 85,062,883 equity shares of Rs. 10/- each subject to the approval of the shareholders at the ensuing Annual General Meeting of the company.30 Jun · Board meeting
Board has given in-principal approval for consolidating its overseas business by re-aligning its holding in these businesses either in existing overseas subsidiary company to be floated at an appropriate location.30 Jun · Results
Standalone Results for the quarter ended on 31-MAR-2008 as follows: Net Sales of Rs. 82687.75 lacs for quarter ending on 31-MAR-2008 against Rs. 67303.68 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 4831.71 lacs for the quarter ending on 31-MAR-2008 against Rs. 1371.73 lacs for the quarter ending on 31-MAR-2007.30 Jun · Results
Standalone Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 265432.92 lacs for year ending on 31-MAR-2008 against Rs. 221926.23 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 13815.36 lacs for the year ending on 31-MAR-2008 against Rs. 8189.97 lacs for the year ending on 31-MAR-2007.30 Jun · Results
Consolidated Results for the quarter ended on 31-MAR-2008 as follows: Net Sales of Rs. 148476.65 lacs for quarter ending on 31-MAR-2008 against Rs. 125776.62 lacs for the quarter ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 3331.11 lacs for the quarter ending on 31-MAR-2008 against Rs. 1332.39 lacs for the quarter ending on 31-MAR-2007.30 Jun · Results
Consolidated Results for the year ended on 31-MAR-2008 as follows: Net Sales of Rs. 482804.99 lacs for year ending on 31-MAR-2008 against Rs. 346744.35 lacs for the year ending on 31-MAR-2007. Net Profit / (Loss) of Rs. 16069.31 lacs for the year ending on 31-MAR-2008 against Rs. 9175.09 lacs for the year ending on 31-MAR-2007.23 Jun · Board meeting
To consider inter-alia the following agenda items : 1) To consider,approve and take on record the Audited Financial results of the company for the year ended March 31, 2008. 2) To recommend payment of dividend to the equity shareholders of the Company for the financial year ended March 31, 2008. 3) To consider various options including consolidation and proposed transfer of Company's investments for better valuation.19 Jun · Increase in stake
The Company has increased its stake in Cria Jewellery Private Limited from 99.80% to 100% with a view to make it wholly owned subsidiary. Cria Jewellery Private Limited is primarily engaged in the marketing and sale of diamond studded and other jewellery.10 Jun · Business
The Company has acquired 100% stake in Decent Securities & Finance Pvt. Ltd. By virtue of this acquisition of shares, Decent Securities & Finance Pvt. Ltd., earlier a promoter group company has become a wholly owned subsidiary of the Company10 Jun · Business
The Company has acquired 100% stake in Eureka Finstock Pvt. Ltd. By virtue of this acquisition of shares, Eureka Finstock Pvt. Ltd, earlier a promoter group company has become a wholly owned subsidiary of the Company.10 Jun · Increase in stake
The Company has increased its stake in Fantasy Diamond Cuts Pvt. Ltd. By virtue of this acquisition of shares, Fantasy Diamond Cuts Pvt. Ltd., earlier a subsidiary company has become a wholly owned subsidiary of the Company
May 2008
20 May · Updates
Our wholly owned subsidiary M/s. Gitanjali Infratech Limited has formed "Kolkata Axis Mall Limited" as its wholly owned subsidiary for the purpose of infrastructural developmental activities with the specific intention of development of malls initially.
Apr 2008
30 Apr · Rating
The Credit Analysis & Research Ltd (CARE) has assigned 'CARE A -' (single A Minus) rating to one of our subsidiaries namely, Gitanjali Exports Corporation Limited (GECL). This rating is applicable for facilities having tenure of more than one year. Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk. Further, CARE has assigned 'PR2+' (PR Two Plus) to GECL. This rating is applicable for facilities having tenure up to one year. Instruments with this rating would have adequate capacity for timely payment of short-term debt obligations29 Apr · Rating
The Credit Analysis & Research Ltd (CARE) has assigned 'CARE A' (single A) rating to the Long Term facilities of the Company. This rating is applicable for facilities having tenure of more than one year. Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk. Further, CARE has assigned 'PR 1' (PR One) rating for the Short Term facilities of the Company. This rating is applicable for facilities having tenure up to one year. Instruments with this rating would have strong capacity for timely payment of short-term debt obligations and carry lowest credit risk.23 Apr · Incorporation of subsidiary
Incorporation of Wholly Owned Subsidiary as a Special Purpose Vehicle for Special Economic Zone development and Gitanjali Group's policy towards development of Special Economic Zone, as Company has received various approvals and consents from central / state Governments, the Company are glad to inform that Company has incorporated "West Bengal SEZ Limited" as special purpose vehicles for the development activities across the Special Economic Zones for which approvals have been received. Further the Company wish to inform you that "WEST BENGAL SEZ LIMITED" is a wholly owned subsidiary and the main object interalia includes to set up, implement, purchase, establish and run unit/s to produce, commercialize, sales, import, export, distribution of multiple types of goods, etc.7 Apr · Results
Company agrees to publish its Audited Financial Results for the year ended March 31, 2008 within three months from the end of the last quarter ending March 31, 2008 of the financial year 2007-2008.
Mar 2008
27 Mar · Increase in stake
In line with our policy of strategic acquisitions, we have increased stake in Gili India Limited. Earlier the Company was holding majority interest in Gili India Limited and pursuant to this acquisition; it has become a wholly owned subsidiary of the Company. We further inform you that Gili India Limited, a Company incorporated under Companies Act, 1956, having its registered office at Plot No.68, Part II, Street No. 13, Marol Industrial Estate, MIDC, Andheri (E) Mumbai - 400 093, owns one of the India's first retail jewellery brand 'Gili'. The Company is leading manufacturer of diamond-studded jewellery which is marketed through franchisees all across India and in the Middle East Countries as well as Europe & other Western Countries under the brand name 'Gili'. Gili was accorded 'Super Brand' status by the Indian Consumer Superbrands Council, in 2004. It was also featured among the top ten jewellery brands in the country by the GJEPC magazine Solitaire International27 Mar · Updates
In line with our policy of strategic acquisitions, the Company has acquired 100% Shares of 'Modali Jewels Pvt. Ltd.'(MJPL), earlier a joint venture company. By way of this acquisition, MJPL has become a wholly owned subsidiary of the Company. The main business of MJPL is to establish and operate chain of showrooms / outlets for selling Gold & Diamond studded jewellery".10 Mar · Updates
In continuance to the Company's policy towards strategic acquisition, Company has acquired 'Trinity Watch Company Pvt. Ltd.' through its wholly owned subsidiary Gitanjali Lifestyle Limited. The 'Trinity Watch Company Pvt Ltd' is engaged in the business of sale of watches under its registered premium brand 'Iris'. The Company also distributes various international watch brands under license from various principals.10 Mar · Updates
In continuance to the Company's policy towards strategic acquisition, Company has acquired "RENAISSANCE RETAIL VENTURE PRIVATE LIMITED" (RRVPL) through its wholly owned subsidiary Gitanjali Lifestyle Limited. We further wish to inform that the RRVPL is engaged in the business of promoting, conducting and managing retail stores, dealing and trading in all sorts of silver, gold, platinum and other diamond studded jewellery. "Lucera" is one of the premium brand owned by RRVPL10 Mar · Incorporation of subsidiary
The Company has made foray into the business of providing gold loans, safe deposits vaults through incorporation of its wholly owned subsidiary in the name of "MOHAR JEWELS LIMITED" having its registered office at 'Laxmi Tower', Office No.6, 'B' Wing, 1st Floor, Bandra Kurla Complex, Bandra (East), Mumbai -400 051. We further wish to inform you that the main objects of "MOHAR JEWELS LIMITED" interalia includes providing safe deposit vaults and gold loans to individuals, entities or any other person and to do the business of manufacturing, buying, selling, importing. exporting of diamonds and other precious stones etc
Feb 2008
21 Feb · Allotment of Warrants
Company has made an allotment of 10 million convertible warrants to Promoter and Promoter Group on preferential basis. Further, the 10 million Fully Convertible Warrants of Rs.10/- each have been issued @ Rs.312/- per warrant out of which Rs.31.20/- per warrant being 10% of the issue price of the warrants have been received from all the allottees in accordance with the Preferential Issue Guidelines issued by SEBI.7 Feb · Utilisation of Funds
Vide notes to Accounts in the Unaudited Financial Results for the quarter ended December 31,2007 (taken on record by the Board of Directors of the Company at its meeting held on January 30, 2008) regading utilisation of funds. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.1 Feb · Allotment of Equity Shares
The Company had received Two Conversion Notices for conversion of 150 FCCBs of the face value of USD 10,000/- each. Accordingly the Company on January 31, 2008, allotted 2,44,717 equity shares having par value of Rs.10/- each, at an initial conversion price of Rs.275/- per share in terms of the Offering Circular dated November 21, 2006. Post the above allotment, the paid-up equity share capital of the Company stands at Rs.85,06,28,830/- consisting of 85062883 equity shares of Rs.10/- each
Jan 2008
30 Jan · Results
Consolidated Results for the quarter ended on 31-DEC-2007 as follows: Net Sales of Rs. 125123.2 lacs for quarter ending on 31-DEC-2007 against Rs. 79848.93 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. 5051.55 lacs for the quarter ending on 31-DEC-2007 against Rs. 3136.5 lacs for the quarter ending on 31-DEC-2006.22 Jan · Board meeting
Meeting on 30 Jan 2008: “Unaudited Financial Results for the qtr ended Dec 31, 2007”16 Jan · Updates
With reference to Gitanjali's foray into Special Economic Zone developments and various approvals and consents received by the Company from Central/State Governments from time to time, Company is glad to inform that Company has incorporated wholly owned subsidiaries as special purpose vehicles for the development activities of various SEZs. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.7 Jan · Business
"Acquisition of 100% shares in Brightest Circle Jewellery Pvt. Ltd.". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.7 Jan · Business
"Acquisition of Brand 'Nakshatra' and Domain Name 'www.nakshatra.com'". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Dec 2007
31 Dec · Allotment of Equity Shares
The Company had received thirteen Conversion Notices for conversion of 2,726 FCCBs of the face value of USD 10,000/- each. Accordingly the Company on December 31, 2007, allotted 4,447,339 equity shares having par value of Rs.10/- each, at an initial conversion price of Rs.275/- per share in terms of the Offering Circular dated November 21, 2006. Post the above allotment, the paid-up equity share capital of the Company stands at Rs.848,181,660/- consisting of 84,818,166 equity shares of Rs.10/- each19 Dec · Memorandum of Understanding
Gitanjali Lifestyles Limited (GLL), a wholly owned subsidiary of the Company is signing a Memorandum of understanding with Mariella Burani Fashion Group (MBFG) of Italy to form a Joint Venture in India by way of incorporation of a new Company. The proposed new Company will be jointly controlled by GLL and MBFG. The detail of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.17 Dec · GDRs
Company has successfully concluded GDR issue of US $180 million GDRs (including an over-allotment option of up to US$30 Million) at US$9.67 per GDR. We further inform you that with reference to issue of US $ 180 million GDRS, subject to Over-allotment Option (Green Shoe Option ) of US$ 30 million GDRs, whereby one GDR representing one equity share, having nominal value of Rs 10/- each, the Company has issued and allotted in two tranches, 13,994,271 and 4,620,000 equity shares underlying the GDRs respectively in the meeting of allotment committee of directors held on December 14,2007. We further inform that the abovesaid 18,614,271 underlying equity shares, in respect of which GDRs have been issued, are deposited with the custodian to the issue, i.e. Deutsche Bank A.G. pursuant to the terms of Deposit Agreement dated December 14, 2007 entered into between the Company and Deutsche Bank Trust Company Americas, the Depository to the said issue. The net proceeds received out of GDRs amounting to US$ 175.55 million shall be utilized for expansion of our new and existing business, including through acquisitions, investing in our subsidiaries both in India and abroad, and to augment funds to meet the working capital requirements required for fulfilling general corporate and working capital purposes. The said GDRs will be listed on the London Stock Exchange. JP Morgan Securities Limited was the Global Coordinator, Sole Book-runner and Lead Manager and Jefferies International Limited acted as Co-manager on this transaction on behalf of Company.11 Dec · GDRs
Company has priced its US$180 million Global Depositary Receipts (GDR) offering (including an over-allotment option of up to US$30 million) at US$ 9.67 per GDR. Each GDR represents one equity share of the Company of nominal value of Rs.10 each. The issue was priced on December 11, 2007. The GDRs are proposed to be listed on the Professional Securities Market of the London Stock Exchange. J.P.Morgan Securities Limited is acting as the Global Coordinator, Sole Book-runner and Lead Manager and Jefferies International Limited is acting as Co-Manager for this transaction.
Nov 2007
26 Nov · Business
The Company has signed the Joint Venture Agreement with Netherlands based ARMO Netherlands Finance B.V. to form a Joint Venture Company 'Morellato India Private Limited', by way of subscription to equal number of equity shares of the proposed company. The effectiveness of this Joint Venture Agreement is subject to the fulfillment of certain conditions precedent. We further wish to inform you that the proposed joint venture company will carry on the business of importing, wholesale, distribution and manufacture of watches, leather goods, writing instruments, jewellery and other products under the brand names Morellato, Miss Sixty, Just Cavalli, Molecole, John Galliano, Roberto Cavalli, Philip Watch, Pirelli, Pirelli Pzero, Sector, Moschino and such other brands as may be agreed between the Joint Venture Partners20 Nov · Business
The Company is entering into an Agreement with Netherlands based ARMO Netherlands Finance B.V. to form a Joint Venture Company by way of subscription to equal number of equity shares of Morellato India Private Limited. We further wish to inform you that the proposed Joint Venture will carry on the business of importing, wholesale, distribution and manufacture of watches, leather goods, writing instruments, jewellery and other products under the brand names Morellato, Miss Sixty, Just Cavalli, Molecole, John Galliano, Roberto Cavalli, Philip Watch, Pirelli, Pirelli Pzero, Sector, Moschino and such other brands as may be agreed between the Joint Venture Partners20 Nov · Allotment of Equity Shares
The Company had received Four Conversion Notices for conversion of 738 FCCBs of the face value of USD 10,000/- each. Accordingly the Company on November 17, 2007, allotted 1,204,011 equity shares having par value of Rs.10/- each, at an initial conversion price of Rs.275/- per share in terms of the Offering Circular dated November 21, 2006. Post the above allotment, the paid-up equity share capital of the Company stands at Rs.617,565,560/- consisting of 61,756,556 equity shares of Rs.10 each19 Nov · Business
"In line with the company's philosophy to add incremental value at every level of the supply chain and ensuring greater shareholder value and boost to the bottom line, Gitanjali Gems Ltd., India's one of the largest integrated diamond and jewellery manufacturer and retailer, has acquired Rogers Ltd. Inc., a retail jewelry chain in United States.The Company has acquired l00% stake in this specialty retailer, which operates 46 stores in US with current revenues equivalent to US$ 80 Million. Rogers Ltd. Inc. is headquartered in Middletown, Ohio and operates under brand names 'Rogers Jewelers' and 'Andrews Jewelers'." The details of same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.14 Nov · Resolution passed by the shareholders
Resolution related to issue of 10 million Convertible Warrants to Promoter and Promoter Group was passed with certain modification with unanimous consent of the shareholders present in the meeting. Further the Company has submitted a copy of the resolution as amended and passed in the Extraordinary General Meeting of the Company held on November 03, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.6 Nov · Miscellaneous
The Company in July, 2006 had formed a Joint Venture with Modern India Limited in the name of 'Modali Distributors Private Limited'. The JV Company is engaged in the business of distributionship, primarily of jewellery and jewellery related products. We further wish to inform you that the name of the Joint Venture Company 'Modali Distributors Private Limited' has been changed to 'Modali Gems Private Limited5 Nov · Meeting
Proceedings of the Extraordinary General Meeting of the Company held on November 3, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.