Intimation regarding incorporation of wholly owned subsidiary

GOLKUNDA DIAMONDS & JEWELLERY LIMITED REGD. OFF: G-30, GEMS & JEWELLERY COMPLEX - III. SEEPZ, ANDHERI (EAST), MUMBAI - 400 096 INDIA. Tel: (91-22) 69524444 Email: admin@golkunda.com Web: www.golkunda.com CIN No. L36912MH1990PLC058729 August 29, 2026 BSE Limited Corporate Relationship Department, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001 Ref: Scrip Code- 523676 Subject: Intimation regarding Incorporation of Subsidiary. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with reference to the captioned subject, we would like to inform you that the Company has incorporated a subsidiary company “GOLKUNDA RETAIL INDIA PRIVATE LIMITED” in the State of Maharashtra, effective August 28, 2026. The Company has subscribed to 100% of the share capital of the said company and accordingly, the said entity has become a wholly owned subsidiary of the Company. The details as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated 9th September 2015, are given in Annexure-A. Kindly take the same on record Thanking you. Yours faithfully, For Golkunda Diamonds & Jewellery Limited Kopal Jain Company Secretary & Compliance Officer GOLKUNDA DIAMONDS & JEWELLERY LIMITED REGD. OFF: G-30, GEMS & JEWELLERY COMPLEX - III. SEEPZ, ANDHERI (EAST), MUMBAI - 400 096 INDIA. Tel: (91-22) 69524444 Email: admin@golkunda.com Web: www.golkunda.com CIN No. L36912MH1990PLC058729 Annexure-A Sr. Particulars Details 1. Name of the target entity, details in brief such as Golkunda Retail India Private size, turnover etc. Limited has been formed as a Subsidiary Company of the Company. Capital: 25,00,000 INR Turnover/Size: Not Applicable (newly incorporated company). 2. Whether the acquisition would fall within The initial subscription does not fall related party transaction(s) and whether the within the purview of Related Party promoter/ promoter group/ group companies Transactions. However, two of the have any interest in the entity being acquired? If Directors of the Company, Mr. yes, nature of interest and details thereof and Arvind Kanti Kumar Dadha and Mr. whether the same is done at "arm's length" Ashish Kantikumar Dadha, has been appointed as a Director in Golkunda Retail India Private Limited. Except to this extent, the promoter/promoter group/group companies do not have any other interest in the entity. 3. Industry to which the entity being acquired belongs Manufacture of jewellery of gold, silver and other precious or base metal, metal clad with precious metals or precious or semiprecious stones, or of combinations of precious metal and precious or semiprecious stones or of other materials, Wholesale of precious metals and jewellery 4. Objects and effects of acquisition (including but To strengthen the Company’s not limited to, disclosure of reasons for presence in the Indian jewellery acquisition of target entity, if its business is market, diversify revenue streams, outside the main line of business of listed entity/ reduce dependence on export the Company) markets and create long-term value for stakeholders through expansion of domestic jewellery manufacturing operations. 5. Brief details of any governmental or regulatory Not Applicable approvals required for the acquisition / incorporation 6. Indicative time period for completion of the Not Applicable acquisition GOLKUNDA DIAMONDS & JEWELLERY LIMITED REGD. OFF: G-30, GEMS & JEWELLERY COMPLEX - III. SEEPZ, ANDHERI (EAST), MUMBAI - 400 096 INDIA. Tel: (91-22) 69524444 Email: admin@golkunda.com Web: www.golkunda.com CIN No. L36912MH1990PLC058729 7. Nature of consideration – whether cash Cash consideration consideration or share swap and details of the same 8. Cost of acquisition or the price at which the The Company subscribed 2,50,000 shares are acquired (Two lakhs fifty Thousand) equity shares at the face value of INR 10/- (Rupees Ten Only) each aggregating to INR 25,00,000/- (Rupees Twenty five Lakh Only) [As per the requirements of the provisions of the Companies Act, 2013, Company has subscribed 249999 (Two lakhs forty Nine thousand Nine hundred Ninety Nine ) equity shares at the face value of INR 10/- (Rupees Ten Only) each aggregating to INR 2499990 (Rupees Twenty four lakhs Ninety Nine thousand Nine Hundred Ninety Nine only) and Mr. Ashish Dadha has subscribed 1 (one) equity shares as Nominee Shareholder on behalf of Golkunda Diamonds & Jewellery Limited at the face value of INR 10/- (Rupees Ten Only) each aggregating to INR 10/- (Rupees Ten Only)] 9. Percentage of shareholding / control acquired and / 100% or number of shares acquired 10. Brief background about the entity acquired in Golkunda Retail India Private terms of products/ line of business acquired, date Limited is incorporated on August of incorporation, history of last 3 years turnover, 28, 2026 in India (Maharashtra) and country in which the acquired entity has presence will carry on business in and any other significant information (in brief) Manufacturing of jewellery of gold, silver and other precious or base metal, metal clad with precious metals or precious or semiprecious stones, or of combinations of precious metal and precious or semiprecious stones or of other materials, Wholesale of precious metals and jewellery Turnover: Not Applicable