Senco Gold Limited has extended its strategic marketing tie-up with August Jewellery Private Limited (Melorra) till March 31, 2026, from the original December 31, 2025 expiry. The domestic partnership, on unchanged terms, reinforces Senco's franchise role across Melorra stores without financials or related-party ties, per SEBI disclosures, targeting youth jewellery growth.
Senco Gold Limited has extended its strategic and marketing tie-up with August Jewellery Private Limited (AJPL), the omnichannel brand Melorra, from December 31, 2025, to March 31, 2026. The extension retains all original terms, reinforcing Senco's franchise operations across Melorra's stores without any financial consideration or related party involvement. This move aligns with SEBI Regulation 30 disclosures.
Key Highlights
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Name of entity: August Jewellery Private Limited (AJPL), Melorra brand owner
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Agreement area: Strategic marketing tie-up, domestic scope, same as April 24, 2025 intimation
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No share exchange, JV ratio, consideration, or new entity formation involved
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Tenure extended to March 31, 2026; all other terms unchanged
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Not a related party transaction; no promoter interest; arm's length basis
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Rationale: Same growth benefits as initial partnership targeting youth segment
Originally announced April 24, 2025, the tie-up positioned Senco as master franchisee for Melorra's COCO stores and sub-franchisee for FOFO/FOCO outlets, enabling new store openings. A prior extension to December 31, 2025, was noted September 27, 2025. This latest prolongation signals sustained synergy in lightweight diamond jewellery, appealing to millennials and Gen Z amid India's branded retail boom. Senco, a key player in gold and diamond jewellery, leverages this for expanded footprint and high-margin sales.
Sources: BSE/NSE Filings via Marketscreener, Economic Times