P N Gadgil Jewellers Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 09, 2026, demonstrating strong operational performance across key financial metrics.

Financial Performance Overview

The company delivered impressive financial results for Q3FY26, showcasing significant growth in revenue and profitability. The standalone financial results reflect the company's robust business model and effective operational execution during the quarter.

Consolidated Results

The consolidated financial results, which include subsidiaries Gadgil Diamonds Private Limited (India) and PNG Jewelers, Inc. (USA), also demonstrated strong performance. Consolidated revenue from operations reached ₹33,026.07 million for Q3FY26 compared to ₹24,357.51 million in the corresponding quarter of the previous year.

Board Decisions and Corporate Actions

The Board of Directors made several important decisions during their meeting:

IPO Fund Utilization

The company has effectively utilized its IPO proceeds raised in September 2024. The IPO involved allotment of 1,77,08,333 equity shares at face value of ₹10 each at an issue price of ₹480 per equity share, aggregating to ₹8,500 million.

Exceptional Items

The company recorded an exceptional item of ₹33.92 million in Q3FY26 related to the implementation of New Labour Codes. Effective November 21, 2025, the Government of India notified four Labour Codes consolidating 29 existing labour laws. This resulted in an estimated one-time increase in provision for employee benefits, which has been recognized in the current reporting period as an exceptional item.

Auditor Review

GDA & Associates, Chartered Accountants, conducted the limited review of both standalone and consolidated financial results. The auditors confirmed that nothing came to their attention that would cause them to believe the financial statements contain any material misstatement or fail to comply with applicable regulations.

P N Gadgil Jewellers Limited has announced key leadership appointments following its Board Meeting held on January 23, 2026. The company has strengthened its management team with the appointment of a new Chief Financial Officer and an Additional Director, demonstrating its commitment to robust corporate governance and strategic leadership.

Key Leadership Appointments

The Board of Directors approved two significant appointments based on committee recommendations:

The company confirmed that Mr. Aditya Saurabh Gadgil is not debarred from holding the office of Director by any SEBI order or other authority and is not disqualified under Section 164 of the Companies Act, 2013.

New Chief Financial Officer Profile

Mr. Deepak Kumar Vijay brings extensive experience to his new role as CFO. He is an accomplished finance leader with over 18 years of cross-industry experience across apparel sourcing, retail, manufacturing, and hospitality sectors. His professional qualifications include:

• Chartered Accountant with executive education from IIM Ahmedabad
• CFA Level II completion
• Senior leadership roles with globally respected organizations including Techno Design (subsidiary of PDS Limited), Marks & Spencer (India – JV with Reliance Retail), Fossil Group, and IHCL (Taj Hotels)

Mr. Vijay is recognized for leading end-to-end finance functions, building high-performance global finance teams, and driving digital transformations. His expertise encompasses M&A transactions, financial risk management, international treasury, capital decisions, ERP implementation, and performance-driven business partnering for long-term value creation.

Additional Director Background

Mr. Aditya Saurabh Gadgil represents the seventh generation of the family business legacy. His educational background includes:

• Graduate of Symbiosis College of Arts & Commerce
• Currently pursuing BFA in Film/Video from Pratt Institute in Brooklyn, New York, with a cumulative GPA of 9.80/10.00

As the son of Mr. Saurabh Gadgil (Managing Director) and Mrs. Radhika Gadgil (Whole-time Director), Aditya brings both traditional business heritage and modern global perspectives to the company. He envisions incorporating innovative techniques and global trends while preserving the brand's timeless craftsmanship.

Updated Key Managerial Personnel

The company has updated its Key Managerial Personnel authorized under Regulation 30(5) of the Listing Regulations effective January 24, 2026:

Regulatory Compliance

The appointments were made in compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015. The Board Meeting commenced at 12:58 P.M. and concluded at 02:05 P.M. on January 23, 2026. All required disclosures have been submitted to BSE Limited and National Stock Exchange of India Limited as per SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.