"Board of Directors have given the approval to form a subsidiary in Europe to expand the global footprint of the company," Rajesh Exports said in a BSE filing.
The Board also authorised the company's Chairman Rajesh Mehta to carry out all the required formalities in this regard.
Rajesh Exports has a manufacturing facility in Bengaluru with an installed capacity to process 250 tonnes of jewellery per annum.
The company sells its products through its retail brand Shubh Jewellery.
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