News ArticleAdvit Jewels Limited Approves Incorporation of Wholly Owned Subsidiary Barique Jewels Private Limited with Rs. 10,00,000 Capital
New entity to focus on designer jewellery business in Jaipur, India, fully owned by Advit Jewels Limited
Advit Jewels Limited has approved the incorporation of its wholly owned subsidiary, Barique Jewels Private Limited, with an initial paid-up capital of Rs. 10,00,000. The new subsidiary will engage in the designing, manufacturing, and sale of designer jewellery and related products, with its registered office in Jaipur, Rajasthan, India.
Advit Jewels Limited
New Ventures
Advit Jewels Limited has approved the creation of a wholly owned subsidiary named Barique Jewels Private Limited, with an initial equity capital of Rs. 10,00,000. The subsidiary will operate in the jewellery industry, focusing on designer jewellery and allied products.
The decision was taken at the Board of Directors meeting held on November 6, 2026, where the incorporation was approved under the Companies Act, 2013.
Barique Jewels Private Limited's registered office will be located in Jaipur, Rajasthan, and it will engage in activities including designing, manufacturing, sourcing, trading, marketing, distribution, and sales of designer jewellery.
The incorporation does not require any governmental or regulatory approvals and will be funded fully by Advit Jewels Limited through 100,000 equity shares of Re 10 each at par.
Advit Jewels Limited will hold 100% ownership of the new subsidiary, reflecting full control over its operations.
Highlights
- Barique Jewels Private Limited is proposed as a wholly owned subsidiary of Advit Jewels Limited.
- Initial paid-up share capital is Rs. 10,00,000 via 1,00,000 equity shares at par value.
- Registered office will be in Jaipur, Rajasthan, India.
- No government or regulatory approvals are required for incorporation.
- The new company will operate in the jewellery industry, focusing on designer jewellery and related products.
Key Data Snapshot
What happened
- Advit Jewels Limited's Board approved incorporation of a wholly owned subsidiary on November 6, 2026.
- The new subsidiary is named Barique Jewels Private Limited, and its incorporation is underway.
- The subsidiary will be fully owned by Advit Jewels Limited.
Key details
- Barique Jewels Private Limited's registered office will be in Jaipur, Rajasthan, India.
- The subsidiary will operate in the jewellery industry, focusing on designing, manufacturing and sales of designer jewellery and allied products.
- No governmental or regulatory approvals are required for incorporation.
- Initial capital to be Rs. 10,00,000 via cash subscription of 1,00,000 equity shares at par value of Re 10 each.
Regulatory and governance context
- Disclosure made under Regulation 30 of SEBI Listing Regulations as per the company's compliance.
- The incorporation and share subscription comply with the Companies Act, 2013.
Highlights
- Barique Jewels Private Limited is proposed as a wholly owned subsidiary of Advit Jewels Limited.
- Initial paid-up share capital is Rs. 10,00,000 via 1,00,000 equity shares at par value.
- Registered office will be in Jaipur, Rajasthan, India.
- No government or regulatory approvals are required for incorporation.
- The new company will operate in the jewellery industry, focusing on designer jewellery and related products.
Disclosures
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- SEBI Master Circular HO/49/14/14(7)2025-CFDPOD2/1/3762/2026 dated January 30, 2026
Advit Jewels Limited to hold 100% ownership of the subsidiary.
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