PNGS Gargi Fashion Jewellery Q1FY27 Revenue Up 11.61%; EBO Sales Surge, Akshaya Tritiya Revenue Jumps 77%

PNGS Gargi Fashion Jewellery Limited reported an 11.61% year-on-year increase in total revenue from operations to ₹3,048 lakhs for the first quarter ended June 30, 2026. The growth was driven by consumer confidence and an expanding retail network, with the company anticipating stronger demand in the upcoming festive and wedding seasons. The revenue figure is subject to limited review by the statutory auditors.

Operational Performance

The company's financial performance for Q1FY27 compared to the corresponding period of the previous year is summarised below:

Particulars (Rupees in Lakhs):	Q1FY27	Q1FY26	YoY %
Total Revenue from Operations:	3,048	2,730	11.61%
EBO Sales:	690	241	—
Akshaya Tritiya Revenue:	237	133	77.41%

Management attributed the performance to a strategic shift towards Exclusive Brand Outlets (EBOs) and away from the Shop-in-Shop (SIS) channel. Sales through EBOs rose significantly to ₹690 lakhs in Q1FY27 from ₹241 lakhs in Q1FY26. During Akshaya Tritiya, the company recorded revenue of approximately ₹237 lakhs, a 77.41% increase from the ₹133 lakhs generated in the previous year.

Business Outlook

The company operates a retail network of 135 point of sales across 60 cities and 19 states. Management stated that demand outlook remains positive, supported by the upcoming wedding season and festive buying. Persistently high gold prices are driving consumers towards affordable and trendy jewellery, while a preference for branded products supports the shift towards organised retail.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-1.68%	+0.32%	-20.63%	-7.05%	+1,246.03%

PNGS Gargi Fashion Jewellery Limited re-appointed M/s. Khandelwal Jain & Associates as its statutory auditor for a term of five years during its 17th Annual General Meeting (AGM) held on June 27, 2026. The firm will hold office until the conclusion of the 22nd AGM. The meeting, conducted via video conferencing, approved the audited financial statements for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors.

The AGM commenced at 12:00 PM IST and concluded at 12:31 PM IST. Mr. Govind Gadgil, Chairman and Director, chaired the meeting. The company secretary confirmed the requisite quorum was present. Ms. Hiranyamai Deshpande, Company Secretary and Compliance Officer, was authorized to conduct the e-voting process and declare the results.

The statutory auditors' report and the secretarial auditors' report for FY 2025-26 contained no qualifications, reservations, adverse remarks, or disclaimers. Consequently, the reports were taken as read. Ms. Ruchi Bhawe, Practicing Company Secretary, was appointed as the scrutinizer to ensure the voting process was fair and transparent.

Shareholders voted on three ordinary resolutions via remote e-voting. The resolutions included the adoption of financial statements, the re-appointment of Mr. Amit Yeshwant Modak as a director by rotation, and the re-appointment of the statutory auditor.

Resolutions Passed

Resolution No.	Description of the Agenda	Type of the Resolution
1	To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon.	Ordinary
2	To appoint a director in place of Mr. Amit Yeshwant Modak (DIN:00396631), who retires by rotation and being eligible offers himself for re-appointment.	Ordinary
3	To re-appoint M/s. Khandelwal Jain & Associates, Chartered Accountants, as the Statutory Auditors of the Company, and to fix their remuneration for a further term of 5 years to hold the office till the conclusion of 22nd AGM.	Ordinary

Statutory Auditor Details

M/s. Khandelwal Jain & Associates (Firm Registration Number: 139253W) was re-appointed effective from the 17th AGM held in FY 2026-27. The firm offers audit, tax, advisory, and regulatory services across various industries.