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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.

P N Gadgil Jewellers has allotted 1,14,94,252 equity shares to eligible qualified institutional buyers at an issue price of Rs 690 per equity share of face value of Rs 10 each aggregating to Rs 700 crore pursuant to the QIP. Pursuant to the allotment, the paid up equity share capital has increased to Rs 147.20 crore consisting of 14,72,02,585 equity shares.

Net profit of P N Gadgil Jewellers rose 51.92% to Rs 105.34 crore in the quarter ended June 2026 as against Rs 69.34 crore during the previous quarter ended June 2025. Sales rose 40.73% to Rs 2412.98 crore in the quarter ended June 2026 as against Rs 1714.56 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales2412.981714.56 41 OPM %7.566.41 - PBDT158.35103.93 52 PBT140.5992.73 52 NP105.3469.34 52 Powered by Capital Market - Live News