Gretex Industries Limited Establishes Subsidiary GRETEX GEM AND JEWELLERY LLP
Gretex Industries Limited has announced the formation of its subsidiary, GRETEX GEM AND JEWELLERY LLP. The subsidiary was incorporated on January 05, 2026, and the Limited Liability Partnership (LLP) received its certificate of incorporation on April 20, 2026.The company confirmed that Gretex Industries Limited holds a controlling stake in the subsidiary, contributing 98% of the capital contribution to GRETEX GEM AND JEWELLERY LLP.
Subsidiary Details and Investment Structure
The details regarding the subsidiary’s formation, industry, and investment structure are as follows:| Particulars | Details |
|---|---|
| Name of Target Entity | Gretex Gem & Jewellery LLP |
| LLP Identification Number | ACT-9557 |
| Incorporation Date | January 05, 2026 |
| Certificate Received Date | April 20, 2026 |
| Nature of Interest | Subsidiary in which Gretex Industries Limited holds 98% of the Capital Contribution |
| Consideration/Cost | Cash; Rs. 98,000/- as Partners contribution |
| Percentage Holding | 98% |
Scope of Business and Industry
GRETEX GEM AND JEWELLERY LLP operates in the retail sale of jewellery and imitation jewellery. The subsidiary aims to engage in various facets of the precious metals and stone trade.Its business scope includes the trading, manufacturing, export, and import of Gold, Silver, and all kinds of precious stones, as well as trading in bullion. The LLP is geared to conduct business as manufacturers, producers, processors, makers, inventors, convertors, importers, exporters, traders, buyers, sellers, retailers, wholesalers, suppliers, indenters, stockiest, agents, sub agents, merchants, distributors, consignors, jobbers, brokers, concessionaries, or otherwise dealing in jewellery, metals, bullion, gold, ornaments, silver, diamonds, coins, precious stones, euros, antiques, and imitation jewellery.
The company noted that the transaction is executed using cash consideration and that the subsidiary's objectives encompass carrying on all or any of the business of goldsmiths, silver smiths, and jewellers in gem and diamond merchants.
GRETEX Stock Price Movement
Shares of Gretex Industries Limited today settled at ₹298, ending the trading session flat despite recent movement. The stock continues to chart near its 52-week high of ₹301, trading within a significant range between ₹180.5 and ₹301.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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