National News
Augmont Enterprises Limited files DRHP for IPO of total size Rs 800cr
Augmont Enterprises files DRHP with SEBI to launch IPO; presence spans 24 states across India

Augmont Enterprises Limited, an integrated gold and silver platform in India serving businesses and consumers, with a presence across 24 states, as of August 31, 2025, has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI).
The IPO comprises of a Fresh issue of equity shares of face value Rs. 5 each aggregating up to Rs. 620 Crores and Offer for sale of equity shares of face value Rs. 5 each aggregating up to Rs. 180 Crores. The total offer size comprises equity shares of face value of Rs. 5 each aggregating up to Rs. 800 Crores. The offer for sale by promoter selling shareholders comprises of equity shares aggregating up to Rs. 60 Crores by Namita Ketan Kothari, equity shares aggregating up to Rs. 60 Crores by Vivek Prithviraj Kothari and equity shares aggregating up to Rs. 60 Crores by Dimple Mukesh Kothari.
The company proposes to utilise the net proceeds towards funding future working capital requirements towards procurement and maintenance of inventory and funding advance margin requirements for procurement purposes by the Company amounting to Rs 465 Crores as well as towards general corporate purposes.
Nuvama Wealth Management Limited, Intensive Fiscal Services Private Limited, JM Financial Limited and Motilal Oswal Investment.

National News
All India Gem & Jewellery Domestic Council (GJC) welcomes Maharashtra Government’s landmark initiative- Formation of State-Level ‘Dakshata Committee’ for Jewellers’ Security
GJC hails Maharashtra Govt’s move to set up state-level Dakshata Committee for jewellers’ safety and security

The All India Gem & Jewellery Domestic Council (GJC), the apex body representing over 600,000 jewellers across India, heartily welcomes the Maharashtra Government’s historic step of establishing a state-level ‘Dakshata Committee’ (Vigilance Committee) to ensure the safety and security of jewellers.
For a long time, jewellers have faced harassment during investigations of theft and robbery cases involving gold and silver. In some unfortunate incidents, jewellers even lost their lives during the process. Taking cognizance of these grave concerns, on March 14, 2024, the Government of Maharashtra issued a circular under the Home Department, clearly instructing police officers regarding investigations under BNS 317 (formerly Section 411 IPC). The circular also recommended the establishment of a special Dakshata Committee.
This Vigilance Committee has been constituted by the State Government. Representatives from 36 districts of Maharashtra have been included, and in the near future, district-level committees will also be established with the support of GJC. The key objective of this initiative is to build a secure and reliable bridge between the government and trade bodies, ensuring the safety of jewellers and extending full support to honest business practices.
GJC expresses its sincere gratitude to Hon’ble Chief Minister Shri Devendra Fadnavis for this visionary step. The Council also acknowledges the special efforts of Hon’ble Minister of State for Home Affairs Shri Pankaj Bhoyar and Hon’ble Smt. Chitra Wagh (MLC) in making this reform a reality.

GJC Chairman, Mr. Rajesh Rokde, said:
“This decision marks a historic moment for the jewellery industry in Maharashtra. The formation of the Dakshata Committee reflects the government’s commitment to ensuring a safe business environment in a safe state. We are deeply thankful to Hon’ble Shri Devendra Fadnavis for this far-sighted reform and appreciate the tireless efforts of Hon’ble Minister of State for Home Affairs Shri Pankaj Bhoyar and Hon’ble Smt. Chitra Wagh. We congratulate all trade representatives included from various districts of Maharashtra. I urge jewellers across India to make similar efforts in their respective states so that a strong and secure national framework can be created. GJC remains committed to working hand-in-hand with the industry.”
GJC Vice Chairman, Mr. Avinash Gupta, added:
“The jewellery sector has long grappled with serious security challenges. The Maharashtra Government’s decision is indeed a revolutionary step, reflecting both sensitivity and strong commitment towards the jeweller community. This initiative will instill confidence among jewellers. We appeal to all our pan-India members to actively engage with their respective state governments for similar committees, so that a safe ecosystem for jewellery business can be built nationwide.”

Name | District | Role |
---|---|---|
Shri Nitin Khandelwal | Akola | Member |
Shri Rajesh Rokde | Nagpur | Member |
Shri Shailesh Kharote | Akola | Member |
Shri Sudhakar Tank | Nanded | Member |
Shri Kiran Andilkar | Pune | Member |
Shri Mahavir Gandhi | Solapur | Member |
Shri Bharat Oswal | Kolhapur | Member |
Shri Subhash Vadala (Jain) | Mumbai | Member |
Shri Girish Devrmani | Solapur | Member |
Shri Ajit Pendhurkar | Mumbai | Member |
Shri Rajendra Dindorkar | Nashik | Member |
Shri Amol Dhomne | Wardha | Member |
As the national apex body, GJC also invites all state heads across India to replicate such initiatives in their respective states. GJC will extend full support and is preparing a detailed national Plan of Action to help implement this framework across India.
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