P N Gadgil Jewellers Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the Bombay Stock Exchange and National Stock Exchange on September 5, 2026. The disclosure outlines the company’s adherence to environmental, social, and governance principles.

The report covers standalone operations across 78 stores, with 77 located in India and one in the United States. It details workforce metrics, safety initiatives, and waste management practices.

Workforce and Employee Welfare

As of the end of FY26, the company employed 2,954 permanent staff. Female employees constituted 41% of the total workforce. The turnover rate for permanent employees stood at 22%, compared to 20% in FY25 and 21% in FY24.

The company reported spending 1.53% of its total revenue on employee well-being measures in FY26, a significant increase from 0.14% in the previous year. All permanent employees are covered by health insurance and provident fund schemes.

Safety and Training

PNG Jewellers conducted 41 training programs for non-managerial employees, covering product knowledge and sales skills. The company maintains an Emergency Response Team at all store locations to handle fire incidents and medical emergencies. There were zero lost-time injuries or fatalities reported during the fiscal year.

Environmental Disclosures

Total energy consumption for FY26 was 3,194,055 Kwh, primarily from non-renewable sources. The company generated 59.70 metric tons of waste, including plastic, food, and paper waste. Approximately 0.393 metric tons were recycled. The report notes that operations do not involve industrial wastewater generation, rendering Zero Liquid Discharge mechanisms not applicable.

What the Numbers Show

Employee well-being spending surged to 1.53% of revenue in FY26, up sharply from 0.14% in FY25. This tenfold increase suggests a strategic shift toward higher investment in staff welfare programs relative to the company's turnover base.

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.