P N Gadgil Jewellers Limited has expanded its retail footprint with the inauguration of a new store at Prozone Mall in Chhatrapati Sambhajinagar, Maharashtra. The jewellery retailer opened its latest outlet on February 28, 2026, at around 05:30 P.M., as announced to the stock exchanges.

Store Opening Details

The new store is strategically located at Prozone Mall, Chikalthana, MIDC, Chhatrapati Sambhajinagar, Maharashtra - 431006. This expansion represents the company's continued commitment to strengthening its presence across key markets in Maharashtra.

Retail Network Expansion

With the addition of this new outlet, P N Gadgil Jewellers' total store count has increased to 68 stores. This expansion demonstrates the company's ongoing retail growth strategy and its focus on enhancing customer accessibility across different regions.

Regulatory Compliance

The company has duly informed both BSE Limited and National Stock Exchange of India Limited about this store opening in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Prakhar Gupta, Company Secretary & Compliance Officer, ensuring proper disclosure to stakeholders and regulatory authorities.

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.