P N Gadgil Jewellers Limited announced the opening of two new retail stores on March 29, 2026, expanding its footprint across Maharashtra. The jewellery retailer informed stock exchanges about this development under Regulation 30 of SEBI's listing requirements.

Store Opening Details

The company inaugurated two strategically located outlets on the same day, targeting key markets in Mumbai and Nashik regions.

Expanded Retail Network

With the addition of these two new outlets, P N Gadgil Jewellers has strengthened its retail presence significantly. The company's total store count now stands at 78 outlets, marking continued expansion across its operational geography.

The Mumbai store is situated at R Square Runwal on LBS Road in Mulund, a prominent commercial and residential hub. The second outlet opened at Livin Solitaire in Canada Corner, Nashik, tapping into the growing market demand in this Maharashtra city.

Strategic Market Positioning

The simultaneous opening of both stores demonstrates the company's systematic approach to retail expansion. By targeting established commercial complexes in Mumbai and Nashik, P N Gadgil Jewellers is positioning itself to capture footfall from both metropolitan and tier-2 city customers.

The company has maintained transparency with stakeholders by promptly informing both BSE and NSE about this business development, adhering to regulatory disclosure requirements.

P N Gadgil Jewellers Limited has successfully completed its postal ballot process, with shareholders approving the appointment of Mr. Aditya Saurabh Gadgil as a Non-Executive Non-Independent Director. The resolution was passed with overwhelming shareholder support on March 27, 2026, demonstrating strong confidence in the company's leadership expansion.

Official Scrutinizer Report and Compliance

The postal ballot process concluded on March 27, 2026, at 05:00 P.M. (IST), with A S Desai & Associates, Company Secretaries, serving as the appointed scrutinizer. The company engaged National Securities Depository Limited (NSDL) as the e-voting service provider to facilitate the remote voting process through their website.

Resolution Details and Comprehensive Voting Results

The ordinary resolution for appointing Mr. Aditya Saurabh Gadgil (DIN: 10052553) as a Non-Executive Non-Independent Director received substantial shareholder approval across all categories. The scrutinizer's report confirmed that 299 members voted in favor of the resolution, casting 11,43,90,237 votes representing 96.52% of total valid votes.

Detailed Voting Breakdown by Category

Process Timeline and Regulatory Compliance

The postal ballot process adhered to all regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. The company ensured complete transparency and compliance throughout the voting process.

The newspaper advertisement was published in Business Standard (English), Tarun Bharat (Marathi), and Loksatta (Marathi) to ensure wide dissemination of information to shareholders. The appointment of Mr. Aditya Saurabh Gadgil as Non-Executive Non-Independent Director represents a strategic addition to the company's board structure, with the resolution passing with the requisite majority as confirmed by the scrutinizer's comprehensive report.