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Goenka Diamond and Jewels Ltd.

BSE: 533189 | NSE: GOENKA | Series: NA | ISIN: INE516K01024 | SECTOR: Diamond & Jewellery

BSE Live

Oct 24, 16:01
1.48 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
124,472
10-Day
143,705
30-Day
105,995
0
  • Prev. Close

    1.48

  • Open Price

    1.41

  • Bid Price (Qty.)

    1.48 (179434)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Oct 24, 15:49
1.44 0.00 (0.00%)
Volume
AVERAGE VOLUME
5-Day
139,843
10-Day
282,552
30-Day
206,443
0
  • Prev. Close

    1.44

  • Open Price

    1.44

  • Bid Price (Qty.)

    1.44 (15300)

  • Offer Price (Qty.)

    0.00 (0)

Company History - Goenka Diamond and Jewels
Our Company was incorporated on November 5, 1990 as Goenka Exports
 Private Limited, a private limited
 company under the Companies Act. With effect from July 1, 1997, our
 Company became a deemed public
 company by virtue of section 43(A) of the Companies Act and ceased to
 be a private company.
 Subsequently by a shareholders resolution dated January 29, 2002, our
 Company became a public company
 and a fresh certificate of incorporation, in the name of Goenka
 Exports Limited was issued by the Registrar
 of Companies, Rajasthan, situated at Jaipur (the RoC) on January 30,
 2002. The name of our Company was
 changed to Goenka Exports Private Limited following a special
 resolution in the extraordinary general
 meeting held on November 29, 2004 and a fresh certificate of
 incorporation was issued by the RoC on
 December 10, 2004. Our Company changed its name to Goenka Diamond and
 Jewels Private Limited
 pursuant to a special resolution at the extraordinary general meeting
 held on March 21, 2008. A fresh
 certificate of incorporation was issued by the RoC on March 27, 2008.
 By a resolution dated April 15, 2008,
 our Company was converted into a public limited company and its name
 was changed to its present name
 Goenka Diamond and Jewels Limited. A fresh certificate of
 incorporation was issued by RoC on May 15,
 2008 consequent to change of name on conversion to public limited
 company.
 
 Our Company is promoted by Mr. Nand Lal Goenka who has over 40 years
 of experience in the gems and
 jewellery business and his sons, Mr. Navneet Goenka and Mr. Nitin
 Goenka.
 
 Our Company is in the business of cutting and polishing of diamonds
 and manufacturing and retailing of
 diamond jewellery. We were initially in the business of export of
 coloured stones and have since then
 expanded into diamond trade in 1994 and manufacturing of diamond
 studded jewellery in 2003. Our
 manufacturing activity was boosted in 2006 after we established our
 own diamond processing unit at SEZ in
 Surat for processing of rough diamonds. In 2007, we also set up a
 facility for processing of rough diamonds
 in Mumbai to cater to the local market and for manufacturing diamond
 jewellery. We scaled up our diamond
 jewellery operations by establishing a dedicated manufacturing
 facility in Mumbai and launched our first
 jewellery retail store in July 2008.
 
 For details with respect to description of activities, services,
 products, market of each segment, the growth of
 the Company, exports and profits due to foreign operations together
 with the country wise analysis, the
 standing of the Company with reference to prominent competitors with
 reference to its products,
 management, major suppliers and customers, segment refer section
 titled Our Business on page 66.
 
 Changes in the Registered Office
 
 Since incorporation, our registered office has been situated at 401,
 Panchratana, Moti Singhbhomiyon Ka
 Rasta, Johari Bazar, Jaipur- 302003, Rajasthan, India.
 
 Major Events and Milestones
 
 Calendar Year                                    Events
 
 1994                              Corporate office established in
 Mumbai
 
 2002                              Entered into diamond cutting and
 polishing business
 
 2003                             Commenced manufacturing of diamond
 studded jewellery
 
 2006                             A state of art factory for cutting
 and processing diamonds was started in a Special Economic
                                      Zone unit at Sachin, Surat
 
 2007                            Commenced jewellery manufacturing and
 diamond cutting and production unit at
                                     Goregaon, Mumbai
 
                                    Two Star Export House
 accreditation awarded by the Ministry of Commerce
 
 2008                            Acquired M. B. Diamonds LLC
 
                                     ISO 9001:2000 certification
 
                                     Launched G WILD and CERES
 jewellery brands
 
                                    Set up exclusive G WILD retail
 stores
 
 2009                          Set up exclusive CERES retail store
 
 2010                           Goenka Diamond and Jewels IPO to open
 on March 23.
                                     
                                     Goenka Diamond earmarks Rs 100 cr
 for expansion
 
 2011                           Goenka Diamond And Jewel's Product won
 IJ Jewellers Choice Design Awards 2011.
                                        Goenka Diamond payment of
 dividend of Re. 1/- per equity share of Rs. 10/- each, subject to the
 approval of the shareholders of the Company.
 
 2012 
 -oenka Diamond  Appointed Ms. Rashmi Omprakash Savita  as the Company
 Secretary and Compliance Officer of the Company.
 
 -oenka Diamond  recommended 10% Final Dividend for the Financial Year
 2011-12.
 
 -Company has splits its Face value of Shares from Rs 10 to Re 1      
                                   
                                         
 2013
 -Goenka Diamond & Jewels Ltd has recommended 10% Final Dividend.