Kalyan Jewellers FZE has incorporated a new Wholly Owned Subsidiary in UAE by the name of "Kalyan Jewellers Procurement LLC. The said step down subsidiary company was incorporated on 25.12.2023. The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No.

SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023 dated July 13, 2023. Details regarding incorporation of a step-down subsidiary in UAE. The object of incorporation of this Step Down Subsidiary is to expand Jewellery business in UAE., The Business of the Step Down Subsidiary is in line with the business of the Company.

The Business of the Step down Subsidiary is in line With the business of the Company.