Christopher Smith

International gemmological institute (India) Limited has successfully completed a strategic acquisition that expands its global footprint in the gemological services industry. The company announced the completion of the acquisition of AGL Holdco Inc by its step-down wholly owned subsidiary International Gemological Institute Inc (IGI USA).

Acquisition Details

The acquisition was completed on February 14, 2026, following board approval granted on January 31, 2026. IGI USA acquired 100% of the shareholding of AGL Holdco Inc from the sellers Christopher P Smith and Helene Smith. This transaction also resulted in the indirect acquisition of American Gemological Laboratories LLC (AGL), which is a wholly owned subsidiary of AGL Holdco.

Parameter: Details Acquisition Date: February 14, 2026 Effective Date: February 10, 2026 Acquiring Entity: IGI USA Target Company: AGL Holdco Inc Shareholding Acquired: 100% Sellers: Christopher P Smith, Helene Smith

Corporate Structure Changes

Following the completion of this acquisition, significant changes have occurred in the corporate structure. AGL Holdco Inc has become a wholly owned subsidiary of IGI USA and a step-down wholly owned subsidiary of both IGI Belgium and IGI India, effective February 10, 2026.

Additionally, American Gemological Laboratories LLC, which was previously a wholly owned subsidiary of AGL Holdco, has now become a step-down wholly owned subsidiary of IGI USA, IGI Belgium, and IGI India, also effective from the same date.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows the company's earlier intimation dated January 31, 2026, which informed stakeholders about the board's approval for the fund infusion and acquisition plans.

Investment Structure

The acquisition was facilitated through a structured investment approach involving multiple international subsidiaries. IGI India initially infused funds into International Gemmological Institute BV (IGI Belgium), its wholly owned subsidiary, which then invested in IGI USA. This step-down subsidiary structure enabled the final acquisition of AGL Holdco and the indirect acquisition of American Gemological Laboratories LLC.

The completion of this acquisition strengthens IGI India's international presence and expands its capabilities in the gemological services sector through the addition of American Gemological Laboratories to its global network.

International Gemmological Institute (India) Limited has announced significant corporate developments following its Board meeting held on February 11, 2026. The company has declared a substantial interim dividend for shareholders and approved a strategic name change that reflects its evolving corporate identity.

Interim Dividend Declaration

The Board has declared a second interim dividend for the financial year 2025-26, demonstrating the company's commitment to shareholder returns. The dividend details showcase strong financial performance and cash flow generation.

Parameter: Details Dividend Amount: Rs 2.50 per equity share Dividend Percentage: 125% Total Equity Shares: 43,21,59,696 shares Face Value: Rs 2/- per share Record Date: February 17, 2026 Payment Date: On or before March 13, 2026

The dividend payment aligns with the company's Dividend Distribution Policy and covers the financial year from January 1, 2025 to March 31, 2026. Shareholders holding equity shares as of the record date will be entitled to receive the dividend payment.

Corporate Name Change Approval

The Board has approved a significant corporate rebranding initiative, changing the company name from "International Gemmological Institute (India) Limited" to "International Gemological Institute Limited." This decision follows receipt of a no-objection and name reservation letter dated January 28, 2026, from the Central Registration Centre.

The name change reflects the company's strategic positioning and global presence. Key aspects of the proposed change include:

Removal of "(India)" from the corporate name

Spelling change from "Gemmological" to "Gemological"

Enhanced alignment with international branding standards

Subject to shareholder and statutory authority approvals

Regulatory Compliance and Documentation

The company has approved consequential alterations to its Memorandum of Association and Articles of Association to implement the name change. The amendments cover multiple clauses across both documents as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Memorandum of Association Changes

Clause: Current Name Proposed Name Title: International Gemmological Institute (India) Limited International Gemological Institute Limited Clause I: International Gemmological Institute (India) Limited International Gemological Institute Limited

Articles of Association Updates

The Articles of Association will undergo comprehensive updates across multiple sections. The amendments include changes to the title, introduction, company definition, and dividend-related clauses to ensure complete alignment with the new corporate identity.

Section: Amendment Type Title: Complete name change Introduction: Company reference update Company Definition: Legal entity name revision Unpaid Dividend Account: Account name modification

Board Meeting Details and Compliance

The Board meeting was conducted in accordance with regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 9:33 a.m. IST and concluded at 9:47 a.m. IST on February 11, 2026.

Meeting Parameter: Details Start Time: 9:33 a.m. IST End Time: 9:47 a.m. IST BSE Scrip Code: 544311 NSE Symbol: IGIL CIN: L46591MH1999PLC118476

Shareholder Approval Process

The Board has approved a postal ballot notice to seek shareholder approval for the name change and associated document amendments. This process ensures democratic participation in the corporate transformation while adhering to regulatory requirements. The company will communicate with both BSE Limited and National Stock Exchange of India Limited regarding these developments.

All decisions align with the company's strategic vision and regulatory obligations, positioning the organization for continued growth and enhanced market presence as a global certification authority. The company maintains its registered office at 702, The Capital, Bandra Kurla Complex, Bandra (E), Mumbai 400 051.

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