News

P.N. Gadgil Jewellers Limited announced the re-appointment of Dr. Vaijayanti Pandit as an Independent Director for a second term, effective March 14, 2027, through March 13, 2029, and approved a new Employee Stock Option Plan authorizing up to 150,000 equity shares. The company also plans to invest up to USD 6.5 million, or its equivalent in Indian rupees, in its wholly-owned subsidiary, PNG Jewelers INC (USA), which retails jewelry in the United States and reported a turnover of Rs. 1046.06 million and a net worth of Rs. 77.54 million as of March 31, 2026. The investment, considered a related party transaction due to the involvement of Promoter Mr. Saurabh Gadgil, is intended to support business expansion in the U.S. and is expected to be completed on or before September 15, 2027.

P.N. Gadgil Jewellers Limited announced the re-appointment of Dr. Vaijayanti Pandit as an Independent Director for a second term, effective March 14, 2027, through March 13, 2029, alongside the approval of a new Employee Stock Option Plan authorizing up to 150,000 equity shares. The company also approved an investment of up to USD 6.5 million (or equivalent in Indian rupees) in its wholly-owned subsidiary, PNG Jewelers INC (USA), a retail jewelry business incorporated in 2007 with a turnover of Rs. 1046.06 million as of March 31, 2026. The investment, intended to support business expansion and general corporate purposes, will be completed on or before September 15, 2027, and is being conducted at arm’s length, requiring no regulatory approvals.

P N Gadgil Jewellers Limited announced it will acquire 100% of Silvostyle Jewellers Limited for Rs 27.96 crore, comprising Rs 27.68 crore for newly issued shares and Rs 0.28 crore for existing shares, at a price of Rs 18.64 per share. The acquisition, which will make Silvostyle Jewellers Limited a wholly-owned subsidiary, is expected to be completed on or before December 31, 2026, and will strengthen P N Gadgil Jewellers` jewellery business, with the transaction qualifying as a related party transaction due to shared promoters.

P N Gadgil Jewellers Limited announced that its board approved the acquisition of a 100% stake in Silvostyle Jewellers Limited, involving the acquisition of 1,50,000 equity shares and a fresh issue of 1,48,50,000 equity shares, for a total consideration of Rs 27.96 crore, with the transaction expected to be completed on or before December 31, 2026; Silvostyle Jewellers Limited, incorporated on December 19, 2025, is engaged in the business of fashion silver jewellery and had a turnover of Rs 72.93 crore as of March 31, 2026.

P N Gadgil Jewellers Limited announced that its board approved the acquisition of a 100% stake in Silvostyle Jewellers Limited, involving the acquisition of 1,50,000 equity shares and a fresh issue of 1,48,50,000 equity shares, for a total consideration of Rs 27.96 crore. Upon completion, Silvostyle Jewellers Limited will become a wholly-owned subsidiary of P N Gadgil Jewellers Limited, and the transaction qualifies as a related party transaction as Silvostyle Jewellers Limited is part of the promoter group of P N Gadgil Jewellers Limited.