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Malabar Gold & Diamonds Awarded Scholarships to 350+ Girl Students in Ghatkopar Reinforcing its vision of Women Empowerment

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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

Unscrupulous Hallmarking Centers Are Compromising Purity Of Gold

Practices Include Code Tampering and Illegal Commission Schemes

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The standard hallmark, introduced to guarantee gold purity, is losing its reliability as market pressures mount. High gold prices and slowing demand have intensified competition, driving hallmarking operators—particularly in smaller cities and towns across northern India—to adopt illicit practices to secure higher volumes from jewelers.

Unscrupulous hallmarking centers are compromising the purity of gold jewelry in India through code tampering and illegal commission schemes, according to industry sources and officials.

Industry sources revealed that operators manipulate the system by assigning a single six-character alphanumeric Hallmark Unique Identification (HUID) code to multiple jewelry pieces of identical design. In some instances, centers have issued 22-karat purity certificates for 20-karat gold.

Although official hallmarking fees were recently raised from 45 rupees to 75 rupees per piece—the first increase in nearly five years to offset rising machinery and operating costs—many centers undercut these rates or pay kickbacks to manufacturers and wholesalers in exchange for bulk orders.

While manufacturers, wholesalers, and center operators benefit financially from the discounted arrangements, industry experts warn that end consumers are left paying for substandard gold.

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