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.

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.

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.

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 exceptional operational performance with consolidated revenue reaching ₹33,026.1 million and PAT growth of 98.6% year-on-year.

Consolidated Financial Performance

The company delivered outstanding consolidated financial results for Q3FY26, showcasing significant growth across all key metrics. The consolidated results include subsidiaries Gadgil Diamonds Private Limited (India) and PNG Jewelers, Inc. (USA).

Standalone Financial Results

The standalone financial results also reflected strong performance, with revenue from operations reaching ₹32,533.43 million in Q3FY26 compared to ₹24,068.48 million in the corresponding quarter of the previous year.

Segmental Performance Analysis

The company demonstrated strong growth across key business segments, with retail continuing as the primary growth driver. Same-Store Sales Growth (SSSG) for the quarter stood at 33.0%.

Operational Highlights and Market Performance

The company achieved remarkable operational metrics during the quarter, driven by festive and wedding-led demand. Product-wise performance showed Silver category delivering 96% growth in value and 56% growth in volume, while Diamond sales recorded over 50% rise in volume year-on-year, resulting in the stud ratio reaching 8.4%.

Festive Sales Performance

Festive sales remained a key driver of success, with Dussehra delivering the company's highest-ever single-day festive sales of ₹1,900 million, increased by 64% year-on-year. The company recorded festive season sales of ₹6,060 million during Diwali, registering a robust 74% growth compared to the previous year.

Store Expansion and Corporate Actions

The company continued its expansion strategy with the addition of three new company-owned stores during the quarter at Moshi (Pimpri-Chinchwad), Patna (Bihar), and Viman Nagar under the LiteStyle format, taking the total retail footprint to 66 stores as of December 2025.

IPO Fund Utilization Status

The company has effectively utilized its IPO proceeds raised in September 2024, with nearly complete deployment of funds across various objectives.