P. N. Gadgil & Sons raises stake to 13.94% in PNGS Reva

P. N. Gadgil & Sons Limited has increased its shareholding in PNGS Reva Diamond Jewellery Limited by acquiring 5,000 equity shares from the open market. This purchase, executed on June 25, 2026, raises the promoter's stake in the company to 13.94% of the total voting capital. The acquisition was disclosed pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Prior to this transaction, P. N. Gadgil & Sons Limited held 44,12,738 shares, representing a 13.92% stake in the target company. The acquisition of 5,000 additional shares has increased the total holding to 44,17,738 shares. The disclosure identifies Govind Gadgil, Renu Gadgil, and Anjali Gadgil as Persons Acting in Concert with the acquirer.

The equity share capital of PNGS Reva Diamond Jewellery Limited remains at ₹31,69,84,000, divided into 3,16,98,400 equity shares of ₹10 each. The total diluted share capital also remains unchanged at this level. The shares of the target company are listed on BSE Limited and National Stock Exchange of India Limited.

Shareholding Details

The following table outlines the changes in shareholding following the acquisition:

Description	Number of Shares	% of Share Capital
Holding Before Acquisition
Shares carrying voting rights	44,12,738	13.92
Acquisition Details
Shares acquired	5,000	0.02
Holding After Acquisition
Total shares held	44,17,738	13.94

The transaction was confirmed by Aditya Amit Modak, Chief Financial Officer of P. N. Gadgil & Sons Limited, in the filing submitted to the exchanges.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.06%	+1.11%	+2.19%	-1.40%	-1.40%	-1.40%

PNGS Reva Diamond Jewellery Limited held its 2nd Annual General Meeting on June 24, 2026, through video conferencing to adopt the audited standalone financial statements for the financial year ended March 31, 2026. All resolutions presented during the meeting were passed with the requisite majority via remote e-voting. The meeting, chaired by Mr. Govind Vishwanath Gadgil, was conducted in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

The company's Whole-Time Director and Chief Executive Officer, Mr. Amit Yeshwant Modak, apprised the members of the company's performance for the financial year 2025-2026. The Company Secretary, Ms. Kirti Vaidya, noted that the Auditors' Report and the Secretarial Audit Report contained no observations or qualifications. Ms. Ruchi Bhawe, Practicing Company Secretary, was appointed as the scrutinizer to oversee the e-voting process.

Voting Results

Shareholders voted on three key agenda items during the meeting. The resolutions covered the adoption of financial statements, the re-appointment of a director, and the appointment of a secretarial auditor. The details of the resolutions passed are outlined in the table below.

Sr No.	Agenda	Resolutions (Ordinary / Special)	Mode of Voting	Remarks
1	To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors' thereon.	Ordinary	Remote e-voting	Passed with majority
2	To appoint a Director in place of Amit Yeshwant Modak (DIN:00396631) who retires by rotation and being eligible, offers himself for re-appointment.	Ordinary	Remote e-voting	Passed with majority
3	To appoint CS Ruchi Bhawe, Practicing Company Secretary as the Secretarial Auditor of the Company.	Ordinary	Remote e-voting	Passed with majority

The scrutinizer's report confirmed that the total votes polled for the adoption of financial statements were 24,093,392 in favour and 2 against. For the re-appointment of the director, 24,093,328 votes were cast in favour and 66 against. The appointment of the secretarial auditor received 24,093,367 votes in favour and 27 against. The meeting concluded after the completion of the e-voting process.