has informed stock exchanges that Signature Jewellery Holding Limited, UAE, has become its step-down subsidiary through its wholly-owned arm Titan Holdings International FZCO. The Dubai International Financial Centre registered the share transfer on October 9, 2025, with Titan receiving formal intimation on October 27.
Signature Jewellery will serve as the holding company for Damas’ entire jewellery business in GCC countries. This development follows Titan’s July 2025 announcement that Titan Holdings International FZCO agreed to acquire 67 percent of Damas’ jewellery operations, with the remaining 33 percent stake to be acquired after December 31, 2029, subject to agreed terms.
Titan Holdings International FZCO has acquired all 1,000,000 ordinary shares of $1 each, representing Signature Jewellery’s entire issued capital. However, the shares have not yet been paid up. The company stated the proposed transaction is expected to complete on or before January 31, 2026.
Signature Jewellery was incorporated during the current year in DIFC, UAE, specifically to house Damas’ jewellery business operations. The acquisition does not constitute a related party transaction, and promoters or group companies have no interest in the entity being acquired. Titan clarified that no governmental or regulatory approvals are currently required for this step of the transaction.
were trading at ₹3,708.50 down by ₹31.30 or 0.84 per cent on the NSE today at 3 pm.