Renaissance Global Limited
Renaissance Global Ltd (RGL) was incorporated in 1989 as Mayur Gems & Jewellery Exports Pvt Ltd. It is engaged in designing and manufacturing of jewellery in gold, silver, platinum, studded with polished diamonds, semi-precious and precious stones. It has manufacturing offices in Mumbai and Gujarat with subsidiaries in the US, UK, Middle East and Mainland China.
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Renaissance Global's promoter, Sumit Shah, purchased 256,091 Equity Shares worth 2.60 Cr via open market. This increases his stake from 1.00% to 1.24%, signaling confidence in the company's outlook.
Renaissance Global's promoter, Sumit Shah, bought 41,874 Equity Shares for 0.40 Cr via open market. This increases his stake from 0.96% to 1.00%, signaling management confidence.
Renaissance Global submitted its Independent Auditor's Report for the quarter and nine months. The report confirmed no change to previously announced financial results. Audit noted 9 subsidiaries contributed Qtr revenue of Rs 994.88 Cr and net profit of Rs 24.58 Cr.
Renaissance Global Limited has ended its Monitoring Agency Agreement with India Ratings and Research Private Limited, potentially affecting its credit monitoring and rating oversight. No financial impact has been disclosed.
Renaissance Global cut net debt by ₹88 crore in Q4 FY25 despite adding ₹6 crore from acquiring a stake in U.S. luxury brand Jean Dousset. This deleveraging boosts financial flexibility to fund growth, innovation, and digital initiatives. The company remains focused on operational efficiency and balanced capital allocation while expanding...