National News
Malabar Gold & Diamonds Awarded Scholarships to 350+ Girl Students in Ghatkopar Reinforcing its vision of Women Empowerment
Malabar Group, India’s leading business conglomerate and the parent company of Malabar Gold & Diamonds, reaffirmed its commitment to empowering young women through education by awarding scholarships worth ₹29,00,000 to over 350 deserving girl students across 30+ schools.
The scholarship distribution ceremony was held at Zaverben Popatlal Sabhagruha Auditorium, Ghatkopar, Mumbai, where financial aid was provided to ensure these students can pursue their academic aspirations without constraints. This initiative reflects Malabar Group’s dedication to fostering education and enabling young women to build a brighter future.
The event was graced by the presence of Shri Sanjay Mukund Kelkar, Member of the Maharashtra Assembly, as the chief guest. His participation underscored the importance of collective efforts in promoting women’s education, further strengthening their role in society and helping them achieve a position of dignity and respect.

Speaking in regards to the initiative, MP Ahammed, Chairman, Malabar Group, said, “Providing Education to young girls is the most effective ways of ensuring positive change as education lays the foundation of a progressive nation, and equipping young women with the means and knowledge for betterment is one of the most impactful ways of ensuring a brighter future. These scholarships are not just supposed to be an economic aid to the students; but they are also investments in the future of our society, ensuring that no young girl has to compromise on reaching the pinnacle of her potential, due to financial misfortune”
Since its establishment in 1999, the Malabar Charitable Trust has been at the forefront of numerous social welfare initiatives. Malabar Group dedicates 5% of its annual profits to CSR activities, focusing on education, healthcare, environmental sustainability, and poverty alleviation.
The Malabar Scholarship program, a flagship initiative under the Group’s CSR framework, continues to bridge educational gaps for marginalized communities. By fostering academic opportunities for young girls, Malabar Group aims to create a ripple effect of progress that extends beyond individuals to families and entire communities.
The group’s overarching narrative to support education and skill development across India is further highlighted by this Scholarship distribution event in Mumbai. Malabar Group’s broader mission to support sustained initiatives has seen the Group remain committed to empowering future generations and fostering an inclusive, educated society for all.
National News
Lalithaa Jewellery Mart IPO Opened At ₹190–₹201 Per Share
The ₹1,700-crore IPO Comprised A Fresh Issue Of Up To ₹1,200 Crore and An Offer-For-Sale Of Up To ₹500 Crore.
Lalithaa Jewellery Mart Limited opened its Initial Public Offer (IPO) for subscription on 17 August 2026, with the issue closing on 19 August 2026. The company had fixed the price band at Rs 190–Rs 201 per equity share, with a minimum bid lot of 74 shares.
The IPO comprised a fresh issue of up to Rs 1,200 crore and an offer-for-sale of up to Rs 500 crore by promoter M. Kiran Kumar Jain.
Operating under the Lalithaa brand, the jewellery retailer had 61 stores across 51 cities in Tamil Nadu, Andhra Pradesh, Telangana, Karnataka and Puducherry as of March 31, 2026. The company offers gold, diamond and silver jewellery, with a strong presence in Tier-II and Tier-III markets.
For FY26, Lalithaa Jewellery Mart reported revenue from operations of Rs 25,023.93 crore, compared with Rs 16,788.05 crore in FY24, while net profit rose to Rs 1,009.82 crore from Rs 359.83 crore during the same period.
The company operates two manufacturing facilities in Tamil Nadu and has focused on in-house manufacturing, competitive pricing and large-format stores as part of its growth strategy.
Anand Rathi Advisors Limited and Equirus Capital Limited acted as the book-running lead managers, while MUFG Intime India Private Limited was the registrar to the offer.
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