UDAYJEW : ADDS JOB-WORK MODEL AND LIGHTWEIGHT PLAIN GOLD JEWELLERY FOCUS

• Developing a job-work model where large customers supply the gold and the company is compensated for manufacturing services • Expected benefits: lower gold inventory requirement, improved working capital efficiency and higher overall capacity utilisation • Lightweight plain gold jewellery being introduced as a new focus area to widen the product portfolio • Exploring supply tie-ups with a few large corporate clients; discussions at preliminary stage with no definitive agreement, MoU or binding commitment executed

Uday Jewellery Industries Limited

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