GITANJALI

News Verification : The media had reports that Gitanjali Gems Limited may acquire a leading US based jewellery retailer for around $100 million. 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,"As of date Gitanjali has not yet finalized any new acquisition in the US. While the Company is actively seeking for retail acquisitions in the US and other countri

Gitanjali Gems Limited has informed the Exchange that in the Extraordinary General Meeting of the members of the company is scheduled on November 03, 2007 to transact the following business: (1) Issue of 10 million Convertible Equity Warrants on preferential basis to Promoters/ Promoters Group. (2) Raising of additional capital through issuance of Global Depository Receipts.

Gitanjali Gems Limited has informed the Exchange vide its letter dated October 06, 2007 that in the meeting of the Board of Directors of the company held on October 06, 2007 following agenda items were decided: (1) Issue of 10 million Convertible Equity Warrants on preferential basis to Promoters / Promoters Group. (2) Raising of additional capital through issuance of Global Depository Receipts.

Gitanjali Gems Limited has submitted to the exchange a copy of the proceedings of the Annual General Meeting held on September 20, 2007. 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.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that "The Company has made foray into the software, technology and telecom business through the incorporation of a wholly owned subsidiary in the name of "IVIDA TECHNOLOGIES PRIVATE LIMITED" having its registered office at Plot NO. C-25, G Block, Laxmi Towers, Office No. 10, B Wing, 2nd Floor, Bandra Kurla Complex, Bandra (East), Mumbai-400051. We further wish to inform you that main objects of "IVIDA TECHNOLOGIES PRIVATE LIMITED" interalia includes Infrastructure Management viz. Hardware & Networking, Web Designing & Development, Enterprise Res

Gitanjali Gems Limited has informed the Exchange that: "The Company has received in-principle approval from Ministry of Commerce, Board of Approvals for establishing 1000 hectors SEZ at Nagpur for Multi Products and 50 hectors SEZ at Aurangabad for Gems & Jewellery".

Gitanjali Gems Limited has submitted to the Exchange a copy of the Notice of the Annual General Meeting scheduled to be held on September 20, 2007. 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_NoticeAGM.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that the company had balance of Rs.1,400 million from its IPO proceeds as on March 31, 2007, which was the closing balance as at June 30, 2007 as the same continued to be in fixed deposits temporarily pending final utilization. Further, the Company had a balance of USD 40.38 million from its FCCB proceeds as on March 31, 2007, which was the closing balance as at June 30, 2007 as the same continued to be in Fixed Deposits temporarily with overseas banks pending final utilization.

Gitanjali Gems Limited has informed the Exchange that the dividend @15% (Rs. 1.5/- per share) on 6,05,52,545 equity shares of Rs. 10/- each, if approved by the members at the ensuing Annual General Meeting of the Company, scheduled to be held on September 20, 2007 will be payable to members of the Company on or after September 25, 2007.

Gitanjali Gems Limited has informed the Exchange that at the meeting of the Board of Directors held on July 30, 2007, the Board has fixed that the Register of Members and Share Transfer Books shall remain closed from September 08, 2007 to September 20, 2007 (both days inclusive) for the purpose of declaration of dividend for the year ended March 31, 2007. Further the Company has informed that the Annual General Meeting of the Company is scheduled to be held on September 20, 2007.

Gitanjali Gems Limited has submitted to the Exchange a copy of the Profit and Loss Appropriation Statement, with respect to the Board Meeting held on June 26, 2007. 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_Clause20.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that : "Out of the balance issue proceeds of Rs. 275/- Crs as on April 01, 2006 the company further utilized proceeds as under : (a) Utilised towards investment in subsidiaries, Joint Ventures & Associates : - Rs.61.10 Crs. (b) Utilised towards general corporate purpose (including working capital requirement and future acquisition) :- Rs.2.00 Crs. (c) Utilised towards working capital requirement :- Rs. 71.90 Crs. (d) Balance Issue Proceeds :- Rs. 140.00 Crs. (i.e. Pending utilization as at March 31, 2007). The balance issue proceeds of Rs. 140.

Gitanjali Gems Limited has informed the Exchange that the Board of Directors, at their meeting held on June 26, 2007 have recommended a dividend of Rs.1.50 per share. This is subject to approval by shareholders in the ensuing Annual General Meeting.

Gitanjali Gems Limited has informed the Exchange that "Pursuant to the approvals of shareholders of the Company in terms of section 81 1(A) by way of resolution passed through postal ballot the results of which were declared on March 9, 2007, FIPB Approval vide their letter dated March 28, 2007, In principle approval from National Stock Exchange of India Limited dated March 30, 2007 and from Bombay Stock Exchange Limited dated May 22, 2007 the Company is making allotment of 15,54,050 (Fifteen Lac fifty Four Thousand Fifty) equity shares of Rs.10(ten) each on preferential basis to the following

Gitanjali Gems Limited has informed the Exchange that Gitanjali Lifestyles Limited (GLL) was incorporated under the Companies Act, 1956 as its wholly owned subsidiary. The Company has further stated that GLL, having its registered office at Plot No. C.25, G Block, Laxmi Towers, Office No. 10, B Wing, 2nd Floor, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, was formed with the objects, the details of which 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

Gitanjali Gems Limited has informed the Exchange that " D'Damas Jewellery (India) Private Limited, a joint venture company, has become our 51% subsidiary. D'Damas Jewellery (India) Private Limited is primarily in the business of manufacturing plain and diamond studded precious metal Jewellery.D'Damas is the flagship brand of D'Damas Jewellery (India) Private Limited and there are several sub-brands each providing a particular occasion wears for the consumer".

Gitanjali Gems Limited has informed the Exchange that: "Mr. Vijay Kumar Jatia has resigned as Independent Director from the Board and Member of the Audit Committee w.e.f. May 14, 2007".

Gitanjali Gems Limited has informed the Exchange that the Company shall publish Audited Financial Results within a period of 3 month for the year ended on March 31, 2007 i.e. on or before June 30, 2007.

Gitanjali Gems Limited has informed the Exchange that: "The Company has incorporated Gitanjali Ventures DMCC as its wholly owned subsidiary. The registered office of Gitanjali Ventures DMCC is situated at Dubai Multi Commodities Centre, Dubai, UAE. The main activity of the newly incorporated wholly owned subsidiary is trading in Diamonds, precious stones, diamonds jewellery and pearls".

Gitanjali Gems Limited has informed the Exchange that "Company has got approval from Foreign Investment Promotion Board for issuing 1554050 equity shares of Rs.10 each of the Company at a premium of Rs.280/- to B III Capital Partners, L.P. and B III A Capital Partners L.P. towards acquisition of 97% shares of Samuels Jewelers Inc., USA. The said shares are issued as part consideration for acquiring 97% shares i.e. 1900 shares of Samuels Jewelers Inc., USA.

Gitanjali Gems Limited has informed the Exchange that "Gitanjali Group intends to foray into the luxury retail market through its new venture "Luxury Connexions (Lx) & Luxury Malls". The Group plans to invest Rs.100 Crores over next 36 months for establishing luxury malls across the country and acquiring international brands, which would be sold through the "Luxury Connexions (Lx)" outlets". 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

Gitanjali Gems Limited has submitted to the Exchange a copy of the proceedings of the announcement of results of the Postal Ballot of the Company held on March 09, 2007. 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/gitangems_res_120307.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited had informed the Exchange that the notice and explanatory statement of the postal ballot form were dispatched to the shareholders. The company has now informed the Exchange that: "The following matters contained in the said Notice were passed with requisite majority as is evident from the results declared by the Chairman on March 09, 2007: 1) Increase in Authorised Share Capital of the Company from Rs. 75 Crores to Rs. 120 Crores and Alteration of Clause V of the Memorandum of Association of the Company pursuant to Section 16 and 94 of the Companies Act, 1956. 2) Increas

Gitanjali Gems Limited has informed the Exchange that "in line with the management's perception on expansion and further acquisition, the Company has purchased a majority interest in Tri-Star Worldwide LLC. Tri-Star Worldwide LLC is a BHP Billiton direct customer and a CANADMARK licensee. It's a manufacturer and global distributor of canadia� brand diamonds and diamond jewelry. Partnering with Tri-Star will provide Gitanjali with an opportunity to be a part of the finest "Mined in Canada" branded offering available to the market today. Tri-star Worldwide LLC was founded by Beny Sofer & Sons, L

Gitanjali Gems Limited has informed the Exchange that "Out of the balance issue proceeds of Rs. 188.90/- Crs as on September 30, 2006 the company further utilized proceeds as under:- (A) Utilised for acquisition:- Rs. 2.00 Crs, (B) Utilised for working capital purpose:- Rs. 30.90 Crs, (C) Balance issue proceeds:- Rs. 156.00 Crs. Pending utilization as at December 31, 2006:- The balance issue proceeds of Rs. 156.00 Crs have been invested temporarily in Fixed Deposits with various banks".

Gitanjali Gems Limited has informed the Exchange that pursuant to Section 192A of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules, 2001 (including any statutory modification of re-enactment thereof for the time being in force), the following resolutions are to be passed by the Members of the Company through Postal Ballot: 1) Ordinary Resolution under Section 16 & 94 of the Companies Act, 1956, for alteration of Clause V of Memorandum of Association for increasing the Authorised Share Capital of the Company; 2) Ordinary Resolution under Section 293 (1)

Gitanjali Gems Limited has informed the Exchange that "The Board of Directors of the Company at its meeting held on January, 5, 2007, has decided to seek approval of the Members of the Company by way of postal Ballot for the following resolutions: (1).Increase in Authorised Share Capital of the Company from Rs. 75 Crores to Rs. 120 Crores, and Alteration of Clause V of the Memorandum of Association of the Company.(2). Increase in Borrowing Powers of the Board under Section 293(1)(d) of the Companies Act, 1956 upto Rs. 2500 Crores.(3)Increase in limits of creation of Mortgage / charge on Compan

Gitanjali Gems Limited has informed the Exchange that "We, Gitanjali Gems Limited are pleased to announce that Gitanjali Infratech Limited (GIL) was incorporated under the Companies Act, 1956 as its wholly owned subsidiary". 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_PR_05012007.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that: "In line with the company's philosophy to add incremental value at every level of the supply chain and ensuring greater shareholder value and boost to the bottom line, Gitanjali Gems Ltd., India's largest integrated diamond and jewellery manufacturer and retailer, has acquired Samuels Jewelers Inc., the 10th largest jewelry chain in United States. The Company has acquired 97% stake in this specialty retailer, which operates 97 stores spread across 18 states with current revenues equivalent to Rs. 450 Crores. The acquisition is being financ

Gitanjali Gems Limited has informed the Exchange that the company (GGL), a Mumbai based diamond and jewellery manufacturing and retailing company, has issued USD 110.0 million (approx Rs.495 crores) of Foreign Currency Convertible Bonds (FCCBs). The proceeds of the issue shall be utilized to cater to the Company's capital expenditure requirements and acquisitions. The FCCBs will have a maturity of five years and one day and will be convertible into equity shares of the Company at a conversion price of Rs.275 per share, which is a premium of approximately 28%, on the Bombay Stock Exchange price

Gitanjali Gems Limited has informed the Exchange that in line with the company's policy of further expansion, the company has announced that the company has entered into a Memorandum of Understanding to have a 50 : 50 Joint Venture with Sulieman Al Othaim of Saudi Arabia, one of the leading retail chains in the Middle East. This JV will facilitate the entry of the company into mainstream retail in Saudi Arabia leveraging Sulieman Al Othaim's chain of various specialty stores across the region and will augment the profitability considerably. As Saudi Arabia is one of the largest diamond jewelle

Gitanjali Gems Limited has informed the Exchange that out of the balance issue proceeds of Rs.215/- Crs as on June 30, 2006 the company further utilized proceeds as under; (1) Investment in Subsidiaries, Joint Venture and Associates Rs.26.10 Crs. (2) Balance issue proceeds** Rs.188.90 Crs.**Pending utilization as at September 30, 2006:- The balance issue proceeds of Rs.188.90 Crs have been invested temporarily in Fixed Deposits with various banks.

Gitanjali Gems Limited has submitted to the Exchange a copy of the proceedings of the AGM of the Company held on September 21,2006. 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_PR_220906.zip target=NEW> For more details click here.</a>

Gitanjali Gems Limited has informed the Exchange that the following are the changes in the Board of the Company, approved by the members in AGM held on September 21,2006 : 1) Re-appointment of Mr. Dhanesh Sheth, as a director of the Company, who has retired by rotation being eligible offered himself for re-appointment. 2) Appointment of Mr. Prakash D. Shah, Mr. Sujal Shah, Mr. Vijay Kumar Jatia and Mr. S. Krishna, as directors liable to retire by rotation, who were appointed as additional directors on October 25,2005. 3) Appointment of Mr. Suresh Chukkapalli as director liable to retire by roa

Gitanjali Gems Limited has informed the Exchange that the members in AGM held on September 21,2006 authorised the board to create, offer, issue and allot in one or more tranches of public or private offerings in international markers, through prospectus and/or offer letter or other permissible/requisite offer document, FCCBs, GDRs and/or ADRs convertible into Equity Shares at the option of the Company and/or holders of the Security subscribed to in Foreign Currency, Non Resident Investors and/or domestic markets through Equity Shares / FCDs / PCDs or any securities other than warrants, which a

Gitanjali Gems Limited has informed the Exchange that Hyderabad Gems SEZ Limited, a wholly owned subsidiary of Gitanjali Gems Limited (GGL) has appointed JURONG Consultants (India) Pvt. Ltd., owned by JURONG Overseas Pte. Ltd., a leading international organization in the field of infrastructure project planning, for the master planning and other related activities of Hyderabad Gems and Jewellery Special Economic Zone. JURONG has considerable experience in executing large projects across commercial, residential, industrial and recreational constructions. The proposed Special Economic Zone (SEZ)

News Verification : The media had reports that Gitanjali Gems Limited is close to accquiring two overseas companies in the US and China. 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. Reply is awaited from Gitanjali Gems Limited

News Verification : The media had reports that Gitanjali Gems Limited is close to accquiring two overseas companies in the US and China. 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 inter-alia stated,"While it is true , and common knowledge, that the company is actively seeking for retail acquisitions in the US and China as well as in India, its is still in the process of stud

Gitanjali Gems Limited has informed the Exchange that Gitanjali Gems Ltd (GGL) has increased its stake in Gili India Limited from 40 per cent to 65 per cent. Gili India Limited owns India's first retail jewellery brand 'GILI". By virtue of this acquisition of shares, GILI India Limited, an Associate Company has become subsidiary of the Company. 'GILI' continues to be a high recall jewellery brand with a commendable share of the branded jewellery market. It was accorded 'Super Brand' status by the Indian Consumer Superbrands Council, in 2004. It was featured among the top ten jewellery brands

Gitanjali Gems Limited has informed the Exchange that the Company has appointed Mr. Suresh Chukkapalli as an Additional Director on the Board of the Company.

Gitanjali Gems Limited has informed the Exchange that the Register of Members and Share Transfer Books of the company shall remain closed from September 14,2006 to September 21,2006 (both days inclusive) for the purpose of declaration of Dividend for the year ended March 31,2006.

Gitanjali Gems Limited has informed the Exchange that the company has entered into a Shareholder's Agreement with Modern India Limited to form a Joint Venture (JV) by way of subscription to equal number of Equity Shares of Modali Jewels Private Limited. The Joint Venture Company will carry on the business of operating a chain of jewellery shops.

Gitanjali Gems Limited has informed the Exchange that the Company has posted a net profit of Rs. 211.04 million for the quarter ended June 30,2006 as compared to Rs. 89.03 million for the quarter ended June 30,2005. Total Income has increased from Rs. 3,323.40 million for the quarter ended June 30,2005 to Rs. 4,981.50 million for the quarter ended June 30,2006.

Gitanjali Gems Limited has informed the Exchange that the Board of Directors had in their meeting held on June 12,2006 recommended a Dividend of 10% (Re. 1/- per share). The Dividend if approved by the members at the ensuing AGM scheduled on September 21,2006 will be paid to the shareholders on or after September 26,2006.

Gitanjali Gems Limited has informed the Exchange that the Company has entered into a Shareholder's Agreement with Modern India Limited to form a Joint Venture (JV) by way of subscription to equal number of Equity Shares of Modali Distributors Private Limited. The Joint Venture Company will carry on the business of distributionship primarily of jewellery and jewellery related products.

Gitanjali Gems Limited has informed the Exchange that in line with the policy of strategic acquisitions, the Company has acquired 100% Shares of Desire Lifestyle Private Limited for further expansion in retail operations. The Company has further stated that Desire Lifestyle Private Limited, a Company incorporated under Companies Act, 1956, having its registered office at Mumbai, is engaged in the business of retailing of jewellery. By way of this acquisition of shares, Desire Lifestyle Private Limited has become a wholly owned subsidiary of the Company.

Gitanjali Gems Limited has informed the Exchange that Hyderabad Gems SEZ Limited, promoted by the company, has received final approval from the Central Government for setting up of the 200-acre Gems & Jewellery Special Economic Zone in Shamshabad, on the outskirts of Hyderabad. A copy of the press release in this respect shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Gitanjali Gems Limited has informed the Exchange that the Board of Directors of the Company at their meeting held on June 12, 2006 has recommended a Dividend of Re.1.00 per share. This is subject to approval by shareholders in the AGM.

Gitanjali Gems Limited has informed the Exchange that in line with the policy of strategic acquisitions, the Company has acquired 51% Shares of Shubalavanya Jewel Crafts Private Limited having its registered office at Coimbatore, Tamil Nadu, which is in the business of manufacturing and trading of Precious Metal Jewellery and Diamond Studded Jewellery. By way this acquisition of shares, Shubalavanya Jewel Crafts Private Limited has become subsidiary of the Company.

Gitanjali Gems Limited has informed the Exchange that the Mr. Kishor. B. Baxi, Company Secretary & Compliance Officer has resigned from the Company. The Company has further informed the Exchange that Mrs. Pankhuri Warange has been appointed as Company Secretary & Compliance Officer of the Company to meet the various requirements in accordance with Section 383 A of the Companies Act, 1956 and clause 49 of Listing Agreement, who is a qualified member of the Institute of Company Secretaries of India.