GITANJALI

Gitanjali Gems Limited has informed the Exchange that the Company has acquired remaining 10% stake of 'Giantti Italia S.R.L.', a Company based in Milan, Italy. The Company has acquired the said stake from 'Ambio S.R.L.' on June 16, 2011. By virtue to this acquisition 'Giantti Italia S.R.L.' has become a wholly owned subsidiary of the Company. Further, the Company has informed that the said acquisition is aimed at growth of the branded jewellery business overseas and gain the designing and branding concepts expertise from Italy.

Gitanjali Gems Limited had informed the Exchange regarding "Acquisition of assets of M/s. DIT Group S.p.A., Italy". The Company has now informed the Exchange that Gitanjali Group has officially acquired the assets of DIT Group S.p.A.,Italy along with the trust constituted as operating vehicle i.e. 'BLU S.r.l.', a Company governed by Italian law with headquarters in Milan, Via Podgora no. 16, registered with the Business Register of Milan, tax code and VAT reg. no. 06704710968, which engages in the jewellery manufacturing and sale business.

Gitanjali Gems Limited has submitted to the Exchange a copy of Profit and Loss Appropriation Statement as per Clause 20 of the Listing Agreement.

Gitanjali Gems Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 27, 2011 have recommended a final Dividend of Rs. 3/- per share on 84,871,598 equity shares of Rs.10/- each subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.

Gitanjali Gems Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended March 31,2011.

Gitanjali Gems Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 945640.18 lacs for year ending on 31-MAR-2011 against Rs. 652763.36 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 35481.06 lacs for the year ending on 31-MAR-2011 against Rs. 20017.15 lacs for the year ending on 31-MAR-2010.

Gitanjali Gems Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 512247.19 lacs for year ending on 31-MAR-2011 against Rs. 335497.03 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 22460.3 lacs for the year ending on 31-MAR-2011 against Rs. 14209.16 lacs for the year ending on 31-MAR-2010.

Gitanjali Gems Limited has informed the Exchange that the Company has opted for submitting its audited financial results for the entire year ended March 31, 2011, within 60 days from end of the financial year. In view of the above, the Company would not be publishing the un-audited financial results for the last quarter ending March 31, 2011.

Gitanjali Gems Limited has informed the Exchange that the Company has acquired 100% stake in "N & J Finstocks Private Limited". By virtue of this acquisition of shares, "N & J Finstocks Private Limited", earlier a promoter group company has become a wholly owned subsidiary of the Company.

Gitanjali Gems Limited has submitted to the Exchange a copy of the proceedings of the Extraordinary General Meeting of the Company held on March 03, 2011.

Gitanjali Gems Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended December 31,2010.

Gitanjali Gems Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 265417.14 lacs for quarter ending on 31-DEC-2010 against Rs. 250971.03 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 10056.56 lacs for the quarter ending on 31-DEC-2010 against Rs. 8003.54 lacs for the quarter ending on 30-SEP-2010.

News Verification : The media had reports that world's largest luxury conglomerate, LVMH, may pick up stake in the Gitanjali Gems Limited's proposed subsidiary. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Gitanjali Gems Limited has vide its letter inter-alia stated,"We would like to clarify that the news is a mere speculation in nature and the Company has neither decided nor has confirmed anything in this rega

Gitanjali Gems Limited has submitted to the Exchange a copy of Notice of the Extraordinary General Meeting of the Company scheduled to be held on March 03, 2011.

Gitanjali Gems Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on February 02, 2011, has decided to raise funds by issuance of convertible bonds / equity shares /ADRs/ GDRs/ FCCBs or any other form of convertible security not exceeding US$ 250 million. The funds will be raised subject to approval from the shareholders of the Company in the Extraordinary General Meeting of the members of the Company to be held on March 03, 2011.

Gitanjali Gems Limited has informed the Exchange vide its letter dated February 02, 2011 regarding "Acquisition of assets of M/s. DIT Group S.p.A., Italy"

Gitanjali Gems Limited has informed the Exchange that the Company has acquired 90% stake in 'Giantti Italia S.R.L.', a Company based in Milan, Italy. The Company has acquired the said stake from its Dubai based wholly owned subsidiary 'Gitanjali Ventures DMCC'. By virtue to this acquisition "Giantti Italia S.R.L.' has become a direct subsidiary of the Company. The said acquisition is aimed at growth of the branded jewellery business overseas and gain the designing and branding concepts expertise from Italy.

Gitanjali Gems Limited has informed the Exchange that the Company has incorporated a wholly owned subsidiary (WOS) in the name of "GITANJALI RESOURCES" in Belgium with a view to explore and expands it's businesses in Europe. The main object of this WOS is to focus on the business of Company in European Region and conduct core diamond and jewellery business in that continent.

Gitanjali Gems Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE), has revised the rating assigned to the long term facilities and Non Convertible Debentures of the Company from CARE A + (single A plus) to CARE A (single A). Instruments with this rating are considered to offer adequate safety for timely servicing of debt obligations and carry low credit risk.

Gitanjali Gems Limited has informed the Exchange that Credit Analysis & Research Ltd (CARE), has revised the rating assigned to the short term facilities of the Company from PR1 (PR One) to PR2+ (PR Two Plus). Facilities with this rating are considered to offer adequate capacity for timely payment of short - term obligations and carry higher credit risk as compared to facilities rated higher.

Gitanjali Gems Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 135807.72 lacs for quarter ending on 30-SEP-2010 against Rs. 99773.76 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 5906.01 lacs for the quarter ending on 30-SEP-2010 against Rs. 5112.31 lacs for the quarter ending on 30-JUN-2010.

Gitanjali Gems Limited has submitted to the Exchange the Standalone and Consolidated Financial Results for the period ended September 30,2010.

Gitanjali Gems Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 250971.03 lacs for quarter ending on 30-SEP-2010 against Rs. 186590.74 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 8003.54 lacs for the quarter ending on 30-SEP-2010 against Rs. 7870.13 lacs for the quarter ending on 30-JUN-2010.

Gitanjali Gems Limited has informed the Exchange that "With a view to rationalize the group structure, we have acquired entire stake in "Pink Jewellery Private Limited" (PJPL) through Brightest Circle Jewellery Private Limited, a wholly owned subsidiary of the Company. PJPL, an erstwhile Joint Venture through another wholly owned subsidiary 'Fantasy Jewellery Private Limited' is engaged in the business of manufacturing of all kinds of jewellery on job work basis including jewellery studded with diamonds, pearls and semiprecious stones."

Gitanjali Gems Limited has informed the Exchange regarding a copy of proceedings of Annual General Meetings of the Company held on September 25, 2010.

Gitanjali Gems Limited has informed the Exchange that the Board at its meeting held on September 09, 2010 has decided to explore the potential merger of subsidiaries, demerger and other forms of restructuring, or acquisition, or spin-off with the ultimate object of enhancing and unlocking shareholder value. For this purpose the company has appointed KPMG to act as Advisers.

Gitanjali Gems Limited has informed the Exchange that at the meeting of the Board of Directors held on August 07, 2010, the Board has fixed that the Register of Members and Share Transfer Books shall remain closed from September 11, 2010 to September 25, 2010 (both days inclusive) for the purpose of declaration of Dividend for the year ended March 31, 2010. Further the Annual General Meeting of the Company is scheduled to be held on September 25, 2010. The dividend if approved by the members at the ensuing Annual General Meeting scheduled on September 25, 2010 will be paid to shareholders on o

Gitanjali Gems Limited has submitted to the Exchange a copy of Profit and Loss Appropriation Statement as per Clause 20 of the Listing Agreement.

Gitanjali Gems Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 652763.36 lacs for year ending on 31-MAR-2010 against Rs. 508887.58 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 20017.15 lacs for the year ending on 31-MAR-2010 against Rs. 15058.31 lacs for the year ending on 31-MAR-2009.

Gitanjali Gems Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 335497.03 lacs for year ending on 31-MAR-2010 against Rs. 269384.7 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 14209.16 lacs for the year ending on 31-MAR-2010 against Rs. 12676.88 lacs for the year ending on 31-MAR-2009.

Gitanjali Gems Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 29, 2010 has recommended final dividend of Rs. 2.00 per share on equity share of Rs. 10 each (20%) for the financial year 2009-10 subject to the approval of shareholders at the Annual General Meeting.

Gitanjali Gems Limited has informed the Exchange that the Company has opted for submitting its audited financial results for the entire year ended March 31, 2010, within 60 days from end of the financial year. In view of the above, the Company would not be publishing the un-audited financial results for the last quarter ending March 31, 2010.

Gitanjali Gems Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on January 30, 2010, inter alia, has approved the following changes in the composition of the Board: (1) Mr.Nitin Potdar has been appointed as an additional director on the Board of the Company with effect from January 30, 2010; (2) Mr.Prakash Shah ceased to a Director of the Company with effect from January 30, 2010.

Gitanjali Gems Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on January 30, 2010, has appointed Mr.Sunil Varma as Chief Financial Officer of the Company with effect from December 01, 2009.

Gitanjali Gems Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 87600.76 lacs for quarter ending on 31-DEC-2009 against Rs. 95889.55 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 3143.52 lacs for the quarter ending on 31-DEC-2009 against Rs. 3738.87 lacs for the quarter ending on 30-SEP-2009.

Gitanjali Gems Limited has informed the Exchange that with a view to rationalize the business plan, the Company has strategically acquired the balance 50% stake in the Indian JV Company "Morellato India Private Limited". The Company continues to hold on exclusive basis, the rights of marketing, promotion, sale and distribution of products of the erstwhile JV partner under the brand names e.g. Morellato, Sector (non-Swiss made collection), Roberto Cavalli, Just Cavalli and Miss Sixty etc.

Gitanjali Gems Limited has informed the Exchange that "Pursuant to resignation of Mr. G.K.Nair as an Executive Director of the company on November 13, 2009, Nihar Trading Private Limited earlier classified as a person acting in concert (a company owned and controlled by Mr.G.K.Nair) holding 18,50,000 Equity Shares of the company will now be classified under Public Category.

Gitanjali Gems Limited has submitted to the Exchange a copy of Post-offer Advertisement of Buy-Back of equity shares published in the newspaper dated December 20, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/gitanjaligems_BB_24122009.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that the Company has extinguished 46,636 equity shares on December 22, 2009, bought back under its buy back offer through stock exchange mechanism. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Gitanjali_extinguishment_24122009.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that the Company has extinguished 86,344 equity shares on December 17, 2009, bought back under its buy back offer through stock exchange mechanism. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Gitanjali_extinguished_18122009.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that "In continuance with Company's policy towards strategic acquisition, we have acquired 76% stake in 'Salasar Retail Limited' ('Salasar') through our wholly owned subsidiary- Gitanjali Lifestyle Limited. We further wish to inform that the Salasar is engaged in the business of retailing , selling, trading and distributing all kinds of cloth, cotton, synthetics, silk yard, readymade garments etc".

Gitanjali Gems Limited has submitted to the Exchange a copy of Fortnightly Advertisement of Buy-Back of equity shares published in the newspaper dated December 10, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Gitanjali_bb_10122009.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that the Company has extinguished 85270 equity shares on December 03, 2009, bought back under its buy back offer through stock exchange mechanism. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Gitanjali_Extinguished_03122009.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has submitted to the Exchange a copy of Fortnightly Advertisement of Buy-Back of equity shares published in the newspaper dated November 26, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/gitanjali_BB_30112009.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has submitted to the Exchange a copy of Advertisement of Buy-Back of equity shares relating to completion of 5% of buy-back size published in the newspaper dated November 21, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Gitanjali_BB_23112009.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that the Company has extinguished 207,861 equity shares on November 20, 2009, bought back under its buy back offer through stock exchange mechanism. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Gitanjali_extingusihed_23112009.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has submitted to the Exchange a copy of Fortnightly Advertisement of Buy-Back of equity shares published in the news paper on November 13, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/GITANJALI_BB_16112009.ZIP target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that "Mr. G. K. Nair- Executive Director has resigned from the Board of the Company due to personal reasons. The Board of Directors accepted his resignation with immediate effect."

Gitanjali Gems Limited has informed the Exchange that the Company has extinguished 1,37,779 equity shares on November 11, 2009, bought back under its buy back offer through stock exchange mechanism. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Gitanjali_extinguished_13112009.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has submitted to the Exchange a copy of Fortnightly Advertisement of Buy-Back of equity shares published in the news paper on October 29, 2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/gitanjali_BB_30102009.zip target=NEW> For more details click here.</a>