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Lalithaa Jewellery Mart Ltd Acquires 91% Stake to Make Lalithaa Jewellery (M) SDN. BHD. Its Subsidiary

Company allotted 72,89,100 shares at par to secure majority ownership in Malaysian gold and jewellery retail firm effective October 28, 2026

Lalithaa Jewellery Mart Limited has acquired 72,89,100 equity shares (91% stake) in its Malaysian entity Lalithaa Jewellery (M) SDN. BHD. at par value aggregating to MYR 72,89,100, making it a subsidiary effective October 28, 2026. This move aims to expand the company’s international presence in gold, diamond, and silver retail and wholesale activities.

11 hours ago|LALITHAA-2.40%
Lalithaa Jewellery Mart LimitedLALITHAAAcquisition / Amalgamation / Merger / Demerger

Lalithaa Jewellery Mart Limited

Acquisition / Amalgamation / Merger / Demerger

Lalithaa Jewellery Mart Limited has acquired 91% ownership in Lalithaa Jewellery (M) SDN. BHD. by allotting 72,89,100 equity shares, making the Malaysian firm its subsidiary from October 28, 2026.

The shares were allotted at par value of MYR 1 each, aggregating to MYR 72,89,100, through banking channels.

Lalithaa Jewellery (M) SDN. BHD. operates in gold, diamond, and silver retailing and wholesaling but has not yet commenced its business operations.

This acquisition aims to expand Lalithaa Jewellery Mart Limited’s business presence internationally, specifically in Malaysia, where the subsidiary is located at No. 110-2, Jalan Puteri 5/1, Bandar Puteri, Puchong, Selangor.

There were no governmental or regulatory approvals required for this allotment, and the transaction is treated as a related-party transaction since the acquired entity is now a subsidiary.

Except for this allotment, there is no interest involved from promoters or promoter group companies in this acquisition.

Highlights

  • Acquisition of 72,89,100 shares in Lalithaa Jewellery (M) SDN. BHD. at par value MYR 1 per share, totaling MYR 72,89,100.
  • The allotment resulted in 91% shareholding, making the company a subsidiary as of October 28, 2026.
  • The subsidiary is involved in gold, diamond, and silver retail and wholesale but has not started operations yet.
  • The acquisition expands the company’s international footprint, specifically in Malaysia.
  • No regulatory approvals were required; transaction conducted through cash payment via banking channels.

Key Data Snapshot

Shares allotted72,89,100 equity shares
Price per shareMYR 1 each at par
Total considerationMYR 72,89,100
Shareholding acquired91%
Subsidiary effective dateOctober 28, 2026
Subsidiary locationPuchong, Selangor, Malaysia
Industry of subsidiaryGold, Diamond, and Silver Retailing and Wholesaling
Subsidiary's business statusYet to commence operations

What happened

  • Lalithaa Jewellery Mart Limited received an allotment of 72,89,100 equity shares from Lalithaa Jewellery (M) SDN. BHD.
  • This allotment made Lalithaa Jewellery (M) SDN. BHD. a subsidiary with 91% ownership effective October 28, 2026.

Key details

  • Consideration for shares was cash paid through banking channels at par value of MYR 1 per share.
  • The allotment transaction is a related-party transaction since the subsidiary is newly acquired.
  • No regulatory approvals were required for this share allotment.
  • Subsidiary is based in Malaysia and operates in jewellery retail and wholesale sectors but has not yet started business operations.

Background and context

  • The acquisition is intended to expand Lalithaa Jewellery Mart Limited's international business presence.
  • Lalithaa Jewellery (M) SDN. BHD. has a registered office in Puchong, Selangor, Malaysia.
  • The subsidiary deals in gold, diamond, and silver retailing and wholesaling activities.
  • The company’s turnover was not reported as the subsidiary has yet to commence operations.

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Lalithaa Jewellery Mart Ltd Acquires 91% Stake to Make | Stockk News