Net profit of Renaissance Global rose 54.31% to Rs 12.90 crore in the quarter ended March 2019 as against Rs 8.36 crore during the previous quarter ended March 2018. Sales rose 55.27% to Rs 696.57 crore in the quarter ended March 2019 as against Rs 448.62 crore during the previous quarter ended March 2018.

For the full year,net profit rose 31.90% to Rs 84.14 crore in the year ended March 2019 as against Rs 63.79 crore during the previous year ended March 2018. Sales rose 42.01% to Rs 2571.75 crore in the year ended March 2019 as against Rs 1810.96 crore during the previous year ended March 2018.

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Renaissance Global announced that the 30th Annual General Meeting (AGM) of the company will be held on 7 August 2019.

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The Board of Renaissance Global at its meeting held on 28 May 2019 has taken note of the following -

- Verigold Jewellery DMCC, the company's subsidiary in Dubai has made a strategic investment of Rs 20 crore in Verigold Jewellery India (VJIPL). VJIPL will be promoting fine jewellery products inIndia under a brand “IRASVA”. The Company has accorded it's consent to VJIPL for using its nameas a strategic Alliance.

- Company through its wholly owned subsidiary in Dubai “Verigold Jewellery DMCC”, has incorporated“Verigold Jewellery (Shanghai) Trading Company, a step down subsidiary in China to facilitatedistribution of enchanted Disney Products in Chinese market.

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The Board of Renaissance Global has not recommended any dividend for FY ended 31 March 2019.

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