DIL Announces of 50% dividend
Annual General Meeting (AGM) of Diamond India Limited (DIL) held on 13 September 2019 at Bharat Diamond Bourse Convention Hall. The Chairman Mr. Praveen Shankar Pandya briefed the shareholders about the financial results of the company for the FY 2018-19. He mentioned that the company has been able to garner 30% market share in Supply of Gold & Silver to the exporters.
Diamond India Ltd (DIL) is a Trade Body, formed to serve the interests of the stakeholders in Gem and Jewellery sector. Incorporated as a Public Limited Company in 2002, it has a widely dispersed shareholding from the trade. It was initially formed to import Rough Diamonds for supply to the diamond jewellery manufacturers and later it was given permission as a Nominated Agency to import precious metals for supply to jewellers.
As a trade body, it works in close coordination with other trade promotion bodies and various ministries of the Central Government for the overall interest of the trade. The company has navigated adverse market conditions to clock good results with a PBT of INR 15.62 Crores, and declared a dividend of 50% to its Shareholders who cheered the decision.
DIL is incorporated by about 50 Diamontaires from India with unique corporate structure and large investment corpus, DIL provides the desired B2B solution in sourcing rough diamonds directly from the overseas miners for supply to the local manufacturers. Thus, we provide great convenience and value to the local diamantaire in sourcing of rough diamonds.
Main object of company is to procure Rough Diamonds. Later DIL ventured into Bullion business and has become the top bullion supplier in India other then banks. Winning awards for Best Nominated Agency for import of Precious metals for Past 4 years in a row!
