Rajesh Exports Ltd

Rajesh Exports - Board to consider Dividend On 30 May 2013 The board meeting of Rajesh Exports will be held on 30 May 2013, to consider the audited financial results and recommend dividend for the year ended 31 March 2013.

Rajesh Exports opens 81st SHUBH Jewellers retail showroom at Chennagiri, Karnataka Rajesh Exports (REL) has launched its 81st retail jewellery showroom in Karnataka under the brand name of SHUBH Jewellers` at Chennagiri. With this launch, REL has completed 81 SHUBH Jewellers showrooms in the state of Karnataka. The company has finalized plans to open another 44 SHUBH Jewellers showrooms in the state of Karnataka, thereby making a total of 125 showrooms in Karnataka, after which REL would be launching SHUBH Jewellers in other south Indian states of Andhra Pradesh, Tamil Nadu and Kerala. The company made this announcement during the trading hours today, 02 April 2013.

Rajesh Exports bags export order worth Rs 432 crore From Al Malek Jewellery, UAE Rajesh Exports has bagged an export order worth Rs 432 crore of designer range of gold and diamond studded jewellery from Al Malek Jewellery, UAE. The order is to be completed by 31st March 2013. This order will be executed at the company`s manufacturing facility at Bangalore, which is the world`s largest jewellery manufacturing facility spread over 12 acres of land with a built up area of 5,00,000 square feet. The manufacturing facility has an installed capacity to process 250 tons of jewellery per annum. The company made this announcement during the trading hours today, 06 February 2013.

Rajesh Exports appoints internal auditors Rajesh Exports has appointed Gunasheela & Associates, Chartered Accountants, Bangalore as internal auditors of the company for the year 2012-13.

Rajesh Exports recommends dividend Of 60% The board of Rajesh Exports in its meeting on 30 May 2012 has recommended dividend at the rate of 60%.

Rajesh Exports to consider dividend Board meeting on 30 May 2012 The board meeting of Rajesh Exports will be held on 30 May 2012 to consider and adopt the audited financial results for the year 2011-12 and to recommend dividend.

Rajesh Exports to emerge as the largest retailer in India Plans to open 550 retail stores by 2014 Rajesh Exports, the world`s largest manufacturer of gold jewellery, has announced the company`s aggressive expansion plans in retail sector. The company, which generates revenues of around Rs 20,000 crore through exports and retail, would be opening 550 retail stores of "SHUBH Jewellers" across the four Southern states of India and thus generating revenues of around Rs 20,000 crores through its retail venture by 2014-15. India is the largest consumer of gold in the world, with more than 85% of the gold consumed in the form of gold jewellery. As per the latest BIS survey, more than 85% of the gold jewellery sold in India does not confirm to the required purity standards. In the guise of 22ct purity, gold jewellery ranging between 16ct to 20ct is sold to the consumers. On top of sub standard purity, there does not exist a standard pricing practice as well. Gold jewellery is sold across the country based on the "Rate Per Gram" concept. The "Rate Per Gram" offered by jewellery differs in a major way from jeweller to jeweller, however the major issue is not the lower purity and the inconsistent "Rate Per Gram", but the extra charges levied by the jewellers in the form of making charges, wastage, stone charges etc. due to these extra charges the consumer does not get the jewellery at the "Rate Per Gram" offered by the jeweller but he/she ends up paying much more than the "Rate Per Gram". Due to all this the consumer ends up getting inferior quality jewellery at a much higher price. REL intends to bring in a paradigm shift in retailing of gold jewellery. REL being the world`s only fully integrated player in gold jewellery and the lowest cost gold jewellery producer in the world is the only company which is capable of delivering true value for gold jewellery. REL is integrated from Mines to Consumer, without any middle men REL is capable of delivering hall mark purity and wide range of designs at the world`s lowest prices. The company has decided to expand aggressively in the retail space. With it`s incomparable strengths of designing, manufacturing and integrated operations, REL would be offering to the retail consumers absolute value for money and the finest designs which no other jeweller in the world would be able to offer. The age old concept of "Rate Per Gram" has lost all it`s meaning as the jewellery ultimately is not delivered at that rate, but it is delivered at a much higher price than the "Rate Per Gram". REL has decided to end all these age old practices in the jewellery business by introducing the "Real Rate Per Gram". At SHUBH Jewellers, REL would be offering a wide range of designs of gold jewellery, wherein each piece would be BIS hall marked at "Real Rate Per Gram". The customer would be able to select any design of jewellery and the actual physical weight of that piece of jewellery (without any addition to the actual physical weight) would be multiplied by the "Real Rate Per Gram". The value arrived would only be the value to be paid by the customer, nothing extra. There would be no hidden charges of any type, there would be no compromise on the purity. Under this new concept the customers would get the best designs of hall mark purity at prices which would be about 10 to 20% lower than any other jeweller. The new concept of "Real Rate Per Gram" has been called as the "Gold Revolution" by REL and the company has already launched 70 retail stores under the "Gold Revolution" in the state of Karnataka. The response received by REL from the consumers has been overwhelming, which has strengthened the resolve of REL to spread the retail "Gold Revolution" across India. REL has plans to launch a total of 125 stores in the state of Karnataka by April 2012, which would complete its retail presence in Karnataka. REL would then be launching it`s retail stores in Andhra Pradesh, Tamil Nadu, Kerala and Goa. REL would be launching a total of about 550 stores in these five states by the end of 2014. Just over a period of about 15 months since it`s launch, SHUBH Jewellers has become the most trusted and house hold jewellery brand in the state of Karnataka and REL has emerged as the largest retail jeweller in the state of Karnataka. With completion of the launch of 125 stores by April 2012, REL hopes to become the largest retail jeweller in the country. With the completion of 550 stores by 2014, REL hopes to acquire 8% share in the Indian retail gold jewellery trade, which would translate into retail revenue of about Rs. 25,000 crores, making REL the biggest player in the Indian retail space. After the launch of 550 stores in the South Indian states, REL would expand pan India into every state of India. For the first phase of 550 stores REL has estimated a funding requirement of about Rs 6600 crore, which would be met from internal accruals, suppliers credit and debt. The estimated gold consumption of India for the current year would be about 900 tones, which translates in to a retail business of about Rs 2,70,000 crore. At the current practices the consumer is paying between 10 to 20% excess for the gold jewellery received by them, which at an average would translate to an excess payment of about Rs 40,000 croreper annum. With the introduction of the "Real Rate Per Gram" at SHUBH Jewellers, REL intends to curtail this excess payment to the maximum extent. The company made this announcement on 14 December 2011.

Rajesh Exports secures export order Worth Rs 621 crore Rajesh Exports has bagged an export order worth Rs 621 crore of branded gold jewellery from Excel Gold Smiths, Dubai. The order is to be completed by 15 December 2011. Execution of this order will significantly add to the bottonline of the company. Rajesh Exports has introduced a specialized range of branded jewellery for the festive season, the specialized range has been developed utilizing the finest designers and advanced jewellery making technology. The order has been received for this specialized branded range.

Rajesh Exports to announce financial results Board meeting on 12 August 2011 The board meeting of Rajesh Exports will be held on 12 August 2011 to consider and take on record the unaudited financial results of the company for the quarter ended 30 June 2011.

Rajesh Exports recommends dividend Of 60% The board of Rajesh Exports in its meeting on 30 May 2011 has recommended dividend at the rate of 60%.

Rajesh Exports to announce financial results Board meeting on 30 May 2011 The board meeting of Rajesh Exports will be held on 30 May 2011 to consider and approve the audited financial results for the year 2010-11 and to consider dividend for the financial year 2010-11.

Rajesh Exports announces launch of world`s first jewellery service center On 19 January 2011 Rajesh Exports on 19 January 2011 has extended the retail gold revolution by launching the world`s first jewellery service center under the brand name of Shubh Service Center. With the launch of Shubh Service Center, jewellery customers will be able to avail the much needed services of selling old gold jewellery at the best value, on spot repair of their jewellery and free testing of the purity gold jewellery.

Rajesh Exports` members approve enhancement of the borrowing powers of the company On 11 January 2011 The members of Rajesh Exports in the extraordinary general meeting on 11 January 2011 have approved the enhancement of the borrowing powers of the company to an extent of Rs 3500 crore.

Rajesh Exports to convene EGM On 10 January 2011 The board of Rajesh Exports in its meeting on 01 December 2010 has approved the enhancement of the borrowing powers of the company from Rs.1000 crore to 3500 crore including external commercial borrowing of US$ 500 million. Further, the board has decided to convene extraordinary general meeting on 10 January 2011.

Rajesh Exports to hold board meeting On 01 December 2010 The board meeting of Rajesh Exports will be held on 01 December 2010 to consider enhancement of the borrowing limits of the company.

Rajesh Exports launches seven more SHUBH Jewellers Stores at Bangalore Rajesh Exports (REL) has launched seven more SHUBH Jewellers Stores in prominent location of Bangalore on 30 October 2010. The seven stores were launched by prominent personalities and these seven stores also received an un-recedented response from the jewellery buyers, such was the response that in many stores people formed queue to get into the stores.

Rajesh Exports recommends dividend Of 100% The board of Rajesh Exports in its meeting on 31 May 2010 has recommended dividend at the rate of 100%.