AJC Jewel Manufacturers touches roof on getting nod to acquire 80% stake in UAE jewellery business
AJC Jewel Manufacturers is currently locked at its upper circuit limit of Rs. 211.85, up by 10.05 points or 4.98% from its previous closing of Rs. 201.80 on the BSE.
The scrip opened at Rs. 211.85 and has touched a high and low of Rs. 211.85 and Rs. 211.85 respectively. So far 1200 shares were traded on the counter.
The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 211.85 on 04-Sep-2026 and a 52 week low of Rs. 71.15 on 21-Jan-2026.
Last one week high and low of the scrip stood at Rs. 211.85 and Rs. 181.50 respectively. The current market cap of the company is Rs. 128.56 crore.
The promoters holding in the company stood at 56.33%, while Non-Institutions held 43.67% stake in the company.
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.
