P N Gadgil Jewellers Limited

P N Gadgil Jewellers Limited will hold a board meeting on Thursday, October 29, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, the company said in a filing with the BSE Limited and National Stock Exchange of India Limited. The trading window for dealing in the company's securities has been closed from October 1, 2026, and will remain closed until October 31, 2026, according to the company’s code of conduct.

P N Gadgil Jewellers Ltd announced that CRISIL Ratings Limited (“CRISIL”) has reaffirmed its ratings for the company's debt instruments and facilities, including a Long Term Rating of Crisil A+/Stable for a total bank loan facility of Rs. 600 Crore, which represents an enhancement from Rs. 400 Crore, and a rating of Crisil A+/Stable for fixed deposits totaling Rs. 50 Crores; there were no assignments, withdrawals, or other actions taken by any other rating agencies regarding these instruments.

P N Gadgil Jewellers Limited submitted a certificate of compliance under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, to the BSE Limited and National Stock Exchange of India Limited, confirming the dematerialization of securities and their listing on stock exchanges, with Bigshare Services Private Limited acting as the Registrar and Share Transfer Agent.

P N Gadgil Jewellers Limited has completed the acquisition of 100% stake in Silvostyle Jewellers Limited, as previously announced on August 20, 2026, resulting in Silvostyle Jewellers Limited becoming a wholly owned subsidiary effective October 1, 2026, after acquiring a total of 1,50,00,000 equity shares, including the allotment of 1,48,50,000 equity shares and the transfer of 1,50,000 equity shares from existing shareholders.

P N Gadgil Jewellers Limited will close its trading window from October 1, 2026, and until 48 hours after the declaration of the unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2026, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

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 Ltd announced an upgrade to its ratings for debt instruments/facilities by CRISIL Ratings Limited, specifically for Fixed Deposits totaling Rs. 50 Crores, now carrying a rating of ‘Crisil A+/Stable,’ which is an upgrade from the previous rating of ‘Crisil A/Positive’; this intimation is provided pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

P N Gadgil Jewellers Ltd announced an upgrade to its ratings for debt instruments/facilities by CRISIL Ratings Limited. CRISIL has upgraded the Long Term Rating to ‘Crisil A+/Stable’ from ‘Crisil A/Positive’ for the total bank loan facilities rated at Rs. 400 Crore, encompassing repetitive instruments of Rs. 400 Crore, with no enhancements, assignments, or withdrawals reported by any other rating agencies.

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.