AJC Jewel Manufacturers has approved acquiring an 80% stake in its UAE entity, AJC Jewel Manufacturers (FZC), for ₹9.60 Cr.

This non-cash transaction involves issuing up to 5,67,492 new equity shares.

The move aims to consolidate international operations, providing greater ownership and control over the UAE business.

The Sharjah-based entity, which manufactures precious metal jewellery, reported revenues of ₹127.95 Cr in CY2025 and ₹72.46 Cr in January-June 2026. This acquisition leverages the UAE's strategic position for global gold trade, strengthening AJC's platform for regional distribution and international customer servicing.