"June 15, 2009"

Updates on Voluntary Retirement Scheme of the Company:

Pursuant to the Voluntary Retirement Scheme (VRS) announced by the Company, further 182 employees have opted for voluntary retirement upto June 13, 2009 and have been relieved from the services of the Company. The Company has, subsequently, closed the Scheme.



"March 31, 2009"

Updates on Voluntary Retirement Scheme of the Company:

Pursuant to the Voluntary Retirement Scheme (VRS) announced by the Company, 306 employees have opted for voluntary retirement upto 30th March, 2009 and have been relieved from the services of the Company.


"February 21, 2009"

Announcement of Voluntary Retirement Scheme by the Company:

The Company has announced Voluntary Retirement Scheme for its employees. The acceptance of this offer will reduce the operational overheads and improve the efficiency.


"December 01, 2008"

Downsizing operations in the Retail Silver Jewellery Segment distributed under the Brand name ‘OLA’:

Goldiam International Limited is scaling down its operations in the Retail Silver Jewellery Segment distributed under the Brand name ‘OLA’. The Company has started pulling out from retail outlets and the business will be carried on only from a few selected stores. This will enable the Company to control its overheads and improve its operations.


"April 21, 2008"

Postal Ballot Results:

Members of the Company have exercised their voting rights on the resolutions relating to Item no.1 (pertaining to Buyback of Equity Shares) and Item No. 2 (pertaining to addition of new sub-clauses in the Main Objects Clause of the Memorandum of Association of the Company) of the Notice dated 25th February, 2008 and the same have been passed as Special Resolutions with requisite majority as per the Report of the Scrutiniser, Mr. Rajnikant N. Shah, Proprietor, M/s. R. N. Shah & Associates, Practicing Company Secretaries, as detailed hereunder:

                                                                                                               Item No.1                  Item No.2
                                                                                                             (Buy-Back)         (Addition of Objects)
1. Total number of Shareholders                                                                   13944                        13944

2. Total Shareholders to whom postal ballots sent                                         13944                        13944

3. Total Shareholders who exercised their votes through postal ballot                 108                             97
     Number of Shareholders in favour                                                                106                             94
     Number of Shareholders against                                                                      2                               3

4. Number of postal ballots rejected
     Number of Shareholders                                                                                10                             21
     Number of shares                                                                                     2360                        33349

5. Shareholders in favour of resolution as a percentage of
     Voters who exercised their votes                                                            98.148                       96.907

6. Total votes (in terms of number of voting rights/shares)
     Exercised through postal ballots                                                         17663508                  17632519
     Number of votes in favour of resolution                                              17663058                  17631909
     Number of votes against resolution                                                              450                            610

7. Votes in favour of the resolution as a percentage of votes cast                  99.997                       99.996
     Votes against the resolution as a percentage of votes cast                          0.003                         0.004


"February 25, 2008"

Outcome of Board Meeting:

The Board of Directors of the Company at its meeting held on Monday, 25th February, 2008, has, inter-alia, approved the following items after due deliberations, subject to the approval of the shareholders through the Postal Ballot voting process:

1. Buy-back of upto 5.5% of the equity share capital of the Company at a price not exceeding Rs.85/- (Rupees Eighty Five only) from the Open market through the Stock Exchanges subject to the aggregate consideration not exceeding Rs.93,752,317/- (Rupees Nine Crores Thirty Seven Lakhs Fifty Two Thousand Three Hundred and Seventeen only). The buy-back offer will remain open upto 31st December, 2008

2. Alteration of the Objects to be pursued by the Company by inserting a new sub-clause relating to the development of infrastructure, residential, commercial, industrial etc. properties after the existing sub-clauses in Main Objects of the Memorandum of Association of the Company.

The Board of Directors has appointed Mr. Rajnikant N. Shah, Proprietor, M/s. R. N. Shah & Associates, Practicing Company Secretaries, as the Scrutinizer for the postal ballot voting process.


"January 08, 2008"

Goldiam International Ltd enters into a contract for the export of Jewellery worth US $ 10,000,000 (US Dollars Ten Million):

Goldiam International Limited, Mumbai and its Subsidiary Companies, Goldiam Hong Kong Limited, China and Goldiam Jewels Limited, Mumbai have entered into a contract with Socotra Diamonds Limited, Dubai, UAE, for the export of Jewellery worth US $ 10,000,000/- (US Dollars Ten Million). The delivery of the Goods will be made starting 02/01/2008 and until 02/01/2009.



"December 17, 2007"

Goldiam International Ltd’s Subsidiary Company Diagold Designs Ltd’s foray in Russian markets:

Goldiam International Limited’s Subsidiary Company, Diagold Designs Limited, is venturing in the Russian markets with a Distribution & Retail business in diamond studded jewellery manufactured in the Group’s factories in India and China. The business is expected to be operational by February, 2008 and to generate US $10 million incremental sales in the Financial Year 2008-2009.

Diagold Designs Limited is also in talks with a leading Russian Retail business house for a proposed Joint Venture.



"December 11, 2007"

Distribution tie-ups of the Company’s Retail brand in the Silver Jewellery Segment, ‘OLA’:

We have great pleasure in announcing that the Company’s Retail brand in the Silver Jewellery Segment, ‘OLA’ has entered into distribution tie-ups with some of the leading groups, being:

Total Mall in Bangalore. The kiosk is expected to be operational by the end of December, 2007.

DLF group for kiosks at Delhi and Chandigarh, to be operational by February, 2008 and showroom in Kolkata to be operational by 2009.

E City Ventures Fun Republic Cinemas and Malls in Bombay, Bangalore, Delhi, Ahemdabad, Lucknow and Gulbarga. As of now, 13 outlets are to open by the middle of January and 7 more are expected to open by March, 2008..

Aditya Birla Group, MORE Hyper Stores for Baroda, to be opened in February, 2008.

Hypercity ARGOS. Ola has featured in the Jewellery section of this first time ever shopping catalogue for Silver and Diamond Jewellery.

Currently, Ola is available in 21 cities at 80 points-of-sale which are expected to rise to 125 points-of-sale by March, 2008.

Ola is available in a shop-in-shop format with Multi Brand Outlets (MBOs) like Lifestyle, Pantaloons, Globus, Central, Big Bazaar, Spencers and Ebony.

Ola has its own showrooms at Atria Mall and Prime Mall in Bombay and Iscon Mega Mall in Ahmedabad.

Ola has its kiosks in the atriums of various leading malls like Inorbit, Infinity and Mumbai Citi Centre in Bombay and Gopalan Mall in Bangalore.



"December 10, 2007"

Approval for establishment of a Trading Unit in SEEPZ SEZ, Andheri (E), Mumbai 400 096:

We are glad to announce that the Development Commissioner, SEEPZ Special Economic Zone has granted permission to the Company for the establishment a Trading Unit in SEEPZ SEZ, Andheri (E), Mumbai 400 096 in the State of Maharashtra with an Annual Capacity of Rs. 1,103,000,000/- (Rupees One Hundred and Ten Crores Thirty Lakhs only) for undertaking trading activities in the below mentioned items of trading:

Rough Diamonds, Cut & Polished Diamonds, Precious Stones, C & P Precious and Semi-Precious Stones, Synthetic Stones (C. Z.), Pearls, Alloys, Plain & Studded Gold Jewellery, Plain & Studded Silver Jewellery, Labels, Findings (Gold/ Silver/ Platinum), Mountings (Gold/ Silver/ Platinum), Stainless Steel Jewellery studded with Diamonds and Precious stones only.

This Trading unit shall be entitled for Tax exemption benefits under Section 10AA of the Income Tax Act, 1961.