Veeram Ornaments Limited Reports Earnings Results for the Half Year Ended September 30, 2018

Veeram Securities Limited is an India-based company, which is engaged in the wholesale business of gold and silver chains. The Company operates as a wholesaler, retailer and trader of branded jewelry and ornaments. It sells gold-based chains, bracelets, gold/silver bars and necklaces. The Company’s gold and silver traditional jewelry and ornaments are either made with kundan, gemstones or just plain gold or silver. The Company's products include rings, bracelets, necklaces, ear-chains, earrings, pendants, chains, mangal sutra, zuda, toe rings, anklets, and bangles. It procures gold and silver majorly through the bullion market and partially from the local markets in Ahmedabad. The Company purchase only readymade chains and other jewelries from the jewelry manufacturers or independent jewelry wholesalers located in Ahmedabad and Mumbai.