PNGS Gargi Fashion Jewellery schedules AGM for June 21

PNGS Gargi Fashion Jewellery Limited has scheduled its Seventeenth Annual General Meeting for June 21, 2026, at 12:00 PM IST through video conferencing. The meeting will cover the adoption of audited financial statements for the financial year ended March 31, 2026, and consider the re-appointment of key statutory roles. Shareholders holding shares as on the cut-off date of Friday, June 19, 2026, are eligible to vote.

The Board proposes the re-appointment of Mr. Amit Yeshwant Modak (DIN 00396631), who retires by rotation and is eligible for re-appointment. Additionally, the meeting seeks approval to re-appoint M/s. Khandelwal Jain & Associates, Chartered Accountants, as statutory auditors for a term of five years, holding office until the conclusion of the 22nd AGM. The Board recommends both resolutions for shareholder approval.

Key AGM Dates

Event	Date
AGM Date	June 21, 2026
Cut-off Date	June 19, 2026
Remote E-voting Start	June 23, 2026 (9:00 AM)
Remote E-voting End	June 26, 2026 (5:00 PM)

Director Re-appointment Details

Parameter	Details
Name	Mr. Amit Yeshwant Modak
DIN	00396631
Current Role	Non-Executive Director
Date of Appointment	August 31, 2021
Shareholding	175631
Board Attendance (FY26)	7

The facility for remote e-voting will be available from June 23, 2026, to June 26, 2026. Members can also participate and vote during the AGM via the e-voting system. The meeting is being conducted via video conferencing in compliance with SEBI (LODR) Regulations, 2015, and relevant MCA circulars. The Annual Report and Notice are available on the company's website.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.55%	-1.25%	-9.02%	-22.85%	-13.80%	+1,234.34%

PNGS Gargi Fashion Jewellery Limited reported a revenue of ₹149.40 crore and a profit after tax of ₹31.33 crore for the financial year ended March 31, 2026. The company operates 126 points of sale across India, all of which are profitable and debt-funded. The Board of Directors has not recommended any dividend for the year to conserve resources for future development.

The financial statements were approved by the Board of Directors on May 06, 2026. The Board of Directors has not proposed to transfer any amount to any Reserve, retaining the entire profit of ₹3,132.72 lakh in the profit and loss account. The company's cash and cash equivalents at the end of the period stood at ₹85.55 lakh.

Financial Performance

The company's revenue and profit figures reflect its operations through a shop-in-shop model within PNG showrooms and standalone Exclusive Brand Outlets. The total addressable market for fashion and silver jewellery in India is estimated at over ₹75,000 crore, with organised branded retail accounting for less than 15%.

Metric	Amount
Revenue from Operations	₹149.40 crore
Profit After Tax	₹31.33 crore
Points of Sale	126

Capital and Allotment

During the financial year 2025-26, the company raised ₹1,091.25 lakh through a preferential allotment of 1,12,500 equity shares at ₹970 per share, including a premium of ₹960 per share. The total share premium amounting to ₹1,080 lakh was accounted under Securities Premium reserve. The authorised share capital of the company stands at ₹2,000 lakh.

Management and Governance

The Board of Directors comprises six members, including three Non-Executive Directors and three Independent Directors. Mr. Amit Yeshwant Modak, Director liable to retire by rotation, has offered himself for reappointment at the ensuing Annual General Meeting. Ms. Hiranyamai Deshpande was appointed as Company Secretary and Compliance Officer with effect from February 09, 2026, succeeding Ms. Neha Boid.