Nidhi Granites Ltd has announced the acquisition of a 50.50% controlling stake in Jowela Exim Private Limited for Rs 1.6 crore. This move marks Nidhi Granites' entry into the bullion, natural diamond, and lab-grown diamond trading sector, leveraging Jowela's substantial annual turnover. The deal is slated for completion by October 2026 and involves no related-party interests.
Nidhi Granites Expands with 50.50% Jowela Exim Acquisition
- Acquisition Cost: Rs 1.6 Crore
- Resultant Stake: 50.50% controlling interest
Reader Takeaway: Nidhi Granites gains a foothold in the high-turnover precious metals trade while maintaining governance transparency via non-related party terms.
What just happened
Nidhi Granites Ltd’s Board of Directors has approved the subscription to a rights issue of Jowela Exim Private Limited. By investing Rs 1.6 crore for 16,00,000 equity shares, Nidhi Granites will secure a 50.50% stake, effectively making Jowela Exim a subsidiary. This transaction is expected to be finalized by the end of October 2026.
Why this matters
The acquisition represents a strategic pivot for Nidhi Granites into the precious metals and jewelry space. Jowela Exim, incorporated in 2020, handles the import, export, and trading of bullion and both natural and lab-grown diamonds. Notably, Jowela reported a turnover of approximately Rs 743.54 crore for the year ending March 31, 2026, providing Nidhi Granites with immediate scale in the segment.
Governance and Transparency
The company has explicitly stated that the transaction is not a related-party deal and does not involve any promoter group entities. This disclosure is significant for retail investors as it clarifies that the capital deployment is purely an arms-length business expansion rather than a shifting of internal assets.
What to track next
Investors should monitor the finalization of the share allotment process by the October 2026 deadline. Subsequent quarterly disclosures will reveal how Jowela’s high-turnover operations are integrated into Nidhi Granites' consolidated financial statements and the impact on the firm's overall margin profile.