GITANJALI

Gitanjali Gems Limited has submitted to the Exchange Profit and Loss Appropriation statement with respect to dividend recommended by the Board at its meeting held on June 30, 2008. The 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_UP_01072008.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that "Our wholly owned subsidiary M/s. Gitanjali Infratech Limited has formed "Kolkata Axis Mall Limited" as its wholly owned subsidiary for the purpose of infrastructural developmental activities with the specific intention of development of malls initially."

Gitanjali Gems Limited has informed the Exchange that: In line with our policy of strategic acquisitions, the Company has acquired 100% Shares of 'Modali Jewels Pvt. Ltd.'(MJPL), earlier a joint venture company. By way of this acquisition, MJPL has become a wholly owned subsidiary of the Company. The main business of MJPL is to establish and operate chain of showrooms / outlets for selling Gold & Diamond studded jewellery".

Gitanjali Gems Limited has informed the Exchange that "In continuance to the Company's policy towards strategic acquisition, Company has acquired 'Trinity Watch Company Pvt. Ltd.' through its wholly owned subsidiary Gitanjali Lifestyle Limited. The 'Trinity Watch Company Pvt Ltd' is engaged in the business of sale of watches under its registered premium brand 'Iris'. The Company also distributes various international watch brands under license from various principals."

Gitanjali Gems Limited has informed the Exchange that "In continuance to the Company's policy towards strategic acquisition, Company has acquired "RENAISSANCE RETAIL VENTURE PRIVATE LIMITED" (RRVPL) through its wholly owned subsidiary Gitanjali Lifestyle Limited. We further wish to inform that the RRVPL is engaged in the business of promoting, conducting and managing retail stores, dealing and trading in all sorts of silver, gold, platinum and other diamond studded jewellery. "Lucera" is one of the premium brand owned by RRVPL".

Gitanjali Gems Limited has informed the Exchange that with reference to Gitanjali's foray into Special Economic Zone developments and various approvals and consents received by the Company from Central/State Governments from time to time, Company is glad to inform that Company has incorporated wholly owned subsidiaries as special purpose vehicles for the development activities of various SEZs. 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=/cont