International Gemmological Institute (India) Limited (IGIL) announced on May 29, 2025, the incorporation of a new wholly-owned subsidiary in Dubai, United Arab Emirates.

• The subsidiary, named IGI Diamonds and Gemstones Testing Laboratory L.L.C, was incorporated on May 16, 2025.
• The primary business of the new entity will be diamond and precious gemstones testing laboratory services.
• The objective behind this incorporation is to expand IGIL's core business into an important market.
• The subscribed/paid-up capital for IGI Diamonds and Gemstones Testing Laboratory L.L.C is UAE Dirham 1,00,000, which is approximately ₹ 23,39,840.
• As an indirect subsidiary of IGIL, it is considered a related party.
• The new subsidiary is yet to commence its business operations.