P N Gadgil Jewellers Initiates Postal Ballot for Director Appointment
P N Gadgil Jewellers Limited has initiated a postal ballot process for shareholder approval of Mr. Aditya Saurabh Gadgil's appointment as Non-Executive Non-Independent Director. The e-voting period runs from February 26 to March 27, 2026, with February 20, 2026, as the cut-off date. Mr. Aditya Gadgil, son of the company's Managing Director and Whole-time Director, was initially appointed as Additional Director on January 23, 2026, and holds 100 equity shares in the company.
*this image is generated using AI for illustrative purposes only.
P N Gadgil Jewellers Limited has announced a postal ballot process to seek shareholder approval for the appointment of Mr. Aditya Saurabh Gadgil as a Non-Executive Non-Independent Director. The company issued the postal ballot notice on February 24, 2026, following the Board of Directors' meeting held on February 09, 2026.
Postal Ballot Details and Timeline
The postal ballot process will be conducted entirely through electronic voting, with no physical ballot forms being distributed to shareholders. The company has set specific dates and procedures for the voting process.
| Parameter: | Details |
|---|---|
| Event Number: | 138536 |
| Cut-off Date: | Friday, February 20, 2026 |
| E-Voting Commencement: | 09:00 A.M. (IST) on Thursday, February 26, 2026 |
| E-Voting Conclusion: | 05:00 P.M. (IST) on Friday, March 27, 2026 |
| Scrutinizer: | M/s. A S Desai & Associates |
The postal ballot notice has been sent electronically to members whose email addresses are registered with the company, depositories, or the Registrar and Transfer Agent. Only shareholders whose names appear in the Register of Members as on the cut-off date will be eligible to vote.
Director Appointment Details
Mr. Aditya Saurabh Gadgil was initially appointed as an Additional Director in the category of Non-Executive Non-Independent Director with effect from January 23, 2026. The current postal ballot seeks formal shareholder approval for his appointment, as required under regulatory provisions.
| Particulars: | Details |
|---|---|
| Name: | Aditya Saurabh Gadgil |
| DIN: | 10052553 |
| Date of Birth: | 06-05-2004 |
| Appointment Date: | January 23, 2026 |
| Category: | Non-Executive Non-Independent Director |
| Shareholding: | 100 equity shares |
Background and Qualifications
Mr. Aditya Gadgil represents the seventh generation of the Gadgil family business legacy. He has completed his 12th grade in Commerce from Symbiosis College of Arts & Commerce and is currently pursuing his BFA in Film/Video from Pratt Institute in Brooklyn, New York, with a cumulative GPA of 9.8/10.
He holds directorships in two other companies:
- Silvostyle Jewellers Limited
- Gadgil Diamonds Private Limited
Family Connections and Corporate Governance
Mr. Aditya Gadgil is the son of Mr. Saurabh Gadgil (Managing Director) and Mrs. Radhika Gadgil (Whole-time Director) of P N Gadgil Jewellers. He has attended 2 Board meetings during FY 2025-26 and will be entitled to receive sitting fees for attending Board and committee meetings.
Voting Process and Results
The company has engaged National Securities Depository Limited (NSDL) to provide the remote e-voting facility. The postal ballot notice is available on the company's website at www.pngjewellers.com and on NSDL's e-voting portal at www.evoting.nsdl.com .
The results of the postal ballot will be announced within 2 working days of the conclusion of remote e-voting and will be communicated to BSE Limited and National Stock Exchange of India Limited. The resolution, if approved by the requisite majority, will be deemed passed on March 27, 2026.
Except for Mr. Aditya Gadgil, Mr. Saurabh Gadgil, Mrs. Radhika Gadgil, and their relatives, no other Directors or Key Managerial Personnel have any financial interest in this appointment proposal.
Historical Stock Returns for PN Gadgil Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.00% | -0.78% | -1.23% | -5.42% | -1.06% | -30.58% |
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