P. N. Gadgil & Sons Limited has increased its shareholding in PNGS Reva Diamond Jewellery Limited by acquiring 1,60,000 equity shares through open market purchases. The transaction, executed on June 5, 2026, raised the promoter group's stake to 13.77% of the total paid-up share capital. The acquisition was disclosed to the stock exchanges in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The acquisition was undertaken by P. N. Gadgil & Sons Limited, identified as a promoter belonging to the promoter group. The shares were purchased from the open market, increasing the acquirer's holding from 42,07,500 shares, or 13.27%, to 43,67,500 shares, or 13.77%. The disclosure was signed by Aditya Amit Modak, Chief Financial Officer of P. N. Gadgil & Sons Limited.

Director's Share Purchase

Separately, Amit Yeshwant Modak, Whole Time Director and CEO of PNGS Reva Diamond Jewellery Limited, acquired 2,000 equity shares via open market operations on the same date. Following this purchase, his total holding increased to 6,52,500 shares, representing 2.056% of the company's share capital. The filing clarified that the acquirer does not belong to the promoter or promoter group.

Shareholding Structure

The total equity share capital of PNGS Reva Diamond Jewellery Limited stands at ₹31,69,84,000, divided into 3,16,98,400 equity shares of ₹10 each. The following table outlines the changes in shareholding for the acquirers:

Regulatory Disclosures

The disclosures were submitted to BSE Limited and National Stock Exchange of India Limited. The filings confirm that there were no changes in the holdings of Persons Acting in Concert (PAC) for P. N. Gadgil & Sons Limited, namely Govind Gadgil, Renu Gadgil, and Anjali Gadgil. For Amit Yeshwant Modak, the PACs listed include Sunita Modak, Aditya Modak, and Mugdha Modak.

PNGS Reva Diamond Jewellery Limited has scheduled its Second Annual General Meeting (AGM) for June 24, 2026, at 12:00 PM IST via video conferencing. The company disclosed the meeting date through a notice published in the Financial Express and Loksatta on May 28, 2026. The meeting will be conducted to transact business as set out in the notice dated May 11, 2026, in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Electronic copies of the notice and the Annual Report for the financial year 2025-26 were sent to members on June 03, 2026. The company will send physical copies of the Annual Report to members who request it. The formal notice and report are available on the company website, BSE Limited, and National Stock Exchange of India Limited.

E-voting Details

National Securities Depository Limited (NSDL) has been appointed to provide the remote e-voting facility. CS Ruchi Bhawe has been appointed as the Scrutinizer to ensure the process is fair and transparent. The voting rights of members will be determined based on their equity share holdings as of the cut-off date, June 17, 2026.

The remote e-voting period is open from 9:00 a.m. on June 19, 2026, to 5:00 p.m. on June 23, 2026. Members who cast their votes remotely are requested to attend the AGM but will not be entitled to vote again during the meeting.

Publication and Participation

The notice was published in the following newspapers:

Attendance at the AGM will be conducted exclusively through Video Conferencing or Other Audio-Visual Means (VC/OAVM). This attendance will count towards the quorum under Section 103 of the Companies Act, 2013. As all equity shares are in dematerialised form, members are requested to ensure their email addresses are updated with their depositories or the Registrar and Transfer Agent.