P N Gadgil Jewellers has scheduled its 13th Annual General Meeting (AGM) for Monday, September 28, 2026. The meeting will commence at 3:00 pm and will be conducted exclusively through Video Conferencing or Other Audio Visual Means.

The company notified the Bombay Stock Exchange and the National Stock Exchange of India Limited on August 31, 2026, regarding the newspaper publication of the AGM notice. This disclosure complies with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Meeting Logistics

The AGM aims to transact business as outlined in the convening notice. Shareholders can attend and participate via the VC/OAVM facility. Their attendance will count toward reckoning the quorum under Section 103 of the Companies Act, 2013.

Remote e-voting facilities provided by the National Securities Depository Limited will be available before and during the meeting. Members can cast votes on all resolutions set out in the notice.

Shareholder Eligibility

The register of members and share transfer books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026. This closure facilitates the determination of eligible voters.

Members holding shares as on the cut-off date of Monday, September 21, 2026, are entitled to vote at the AGM. The company will send the AGM notice and the Annual Report for FY25-26 electronically to members with registered email addresses.

Those without registered emails will receive a letter with a web link to access the Annual Report, in line with SEBI regulations. Physical copies are available upon request.

P N Gadgil Jewellers has received board approval to acquire a 100% stake in Silvostyle Jewellers Limited for ₹27.96 crore. The board meeting was held on August 20, 2026.

Acquisition details

The following table outlines the key parameters of the transaction as approved by the board:

The board of P N Gadgil Jewellers approved the acquisition of the entire stake in Silvostyle Jewellers Limited, amounting to ₹27.96 crore. The transaction involves a complete buyout through the acquisition of 1,50,00,000 Equity Shares at a price of ₹18.64 per share. This comprises 1,50,000 shares (1% of post-issue capital) from existing shareholders and a fresh issue of 1,48,50,000 shares (99% of post-issue capital) in one or more tranches.

The total consideration breaks down as follows:

• ₹27.68 crore towards subscription of equity shares freshly issued by Silvostyle Jewellers Limited.
• ₹0.28 crore towards acquisition of equity shares from existing shareholders.

The infusion of fresh capital of ₹27.68 crore is proposed to be utilized for the business purposes of Silvostyle Jewellers Limited. Upon completion, Silvostyle Jewellers Limited will become a wholly-owned subsidiary of P N Gadgil Jewellers.

Target profile and financials

Silvostyle Jewellers Limited is an unlisted public limited company engaged in the business of fashion silver jewellery. It was incorporated on December 19, 2025. As on March 31, 2026, the company itself reported nil turnover. However, it acquired Silvostyle Jewellery LLP by way of slump sale effective from May 01, 2026. Consequently, the business operations are now carried out under Silvostyle Jewellers Limited.

The turnover and profit after tax (PAT) of Silvostyle Jewellery LLP are as follows:

The target entity is part of the promoter group of P N Gadgil Jewellers Limited. Mr. Saurabh Gadgil, Mrs. Radhika Gadgil, and Mr. Aditya Gadgil, who are part of the promoter and promoter group of P N Gadgil Jewellers, are also directors and shareholders of Silvostyle Jewellers Limited. The transaction will be undertaken at arm’s length.

Strategic rationale

The acquisition aims to strengthen and consolidate P N Gadgil Jewellers' jewellery business by integrating Silvostyle Jewellers Limited into the PNG Group. The move is expected to create operational synergies, broaden product offerings, and strengthen the company's market presence. No governmental or regulatory approvals are required for this acquisition.

In addition to the acquisition, the board also considered and approved the draft notice of the 13th Annual General Meeting of the company, proposed to be held on Monday, September 28, 2026, at 3:00 pm through video conferencing or other audio-visual means.