Shubhlaxmi Jewel Art Gets Nod To Hike Foreign Investment Limit To 49%

Shubhlaxmi Jewel Art Ltd has informed the exchanges that its Board of Directors has approved enhancing the cap on foreign investment in the company from the existing limit to 49%. The decision forms part of its broader effort to strengthen global investor participation and boost business scalability.

The company, engaged in jewellery manufacturing and retail, aims to leverage foreign capital inflow to support its expansion plans, improve financial flexibility, and enhance global competitiveness.

Key Highlights:

• The board approved the increase in the company’s foreign investment limit to 49%.
• The enhancement is subject to necessary approvals from shareholders and regulatory authorities.
• The move is expected to encourage participation from foreign institutional investors and partners.
• The company believes this step will help diversify its investor base and improve capital strength.
• Further details on implementation timelines will be shared after requisite approvals.

Source: BSE filing, Shubhlaxmi Jewel Art Ltd.