PNGS Gargi Fashion Jewellery Limited has filed its quarterly statement of deviation/variation in fund utilization with BSE Limited for the quarter ended December 31, 2025. The submission, dated February 09, 2026, complies with Regulation 32 of SEBI (LODR) Regulations, 2015, and follows the SEBI master circular dated January 30, 2026.

Fund Raising Details

The company's statement covers two separate preferential equity issues conducted in recent financial years. The documentation provides comprehensive details about the fund utilization and monitoring processes.

Fund Utilization Objectives

For the August 26, 2024 preferential issue of Rs. 4,196.35 lakhs, the company has outlined specific objectives for fund deployment. The statement indicates that the Audit Committee has reviewed the utilization and provided its assessment.

The objects for the equity shares issued on preferential basis include:

• Expansion of Brand and SIS Stores
• PAN India Marketing Campaign
• Inventory Investment

Regulatory Compliance

The filing demonstrates the company's adherence to regulatory requirements under SEBI guidelines. Director Amit Yeshwant Modak (DIN: 00396631) has digitally signed both annexures, confirming the accuracy of the submitted information.

Company Information

PNGS Gargi Fashion Jewellery Limited operates under CIN L36100PN2009PLC133691 and has undergone name changes since its incorporation. The company's registered office is located at Plot No.8A, Sr No.37/1 and 37/2, Opposite Maruti Service Centre, Sinhgad Road, Wadgaon Khurd, Pune, Maharashtra, 411041. The submission confirms the company's commitment to maintaining transparency in fund utilization and regulatory compliance.

PNGS Gargi Fashion Jewellery Limited has announced the opening of its new exclusive brand store in Noida, marking another milestone in the company's retail expansion strategy. The store commenced operations on February 01, 2026, at the prominent Spectrum Metro Mall location.

Store Location and Details

The new exclusive brand store has been established at a strategic location within one of Noida's premier shopping destinations. The store details are outlined below:

Regulatory Compliance

The company has fulfilled its regulatory obligations by informing BSE Limited about this business development under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Rules, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions.

Company Background

PNGS Gargi Fashion Jewellery Limited operates in the fashion jewellery segment and has undergone several name changes in recent years. The company was formerly known as PNGS Gargi Fashion Jewellery Private Limited and P. N. Gadgil & Sons Gargi Costume Jewellery Private Limited. The company's registered office is located in Pune, Maharashtra, and it maintains an online presence through multiple digital platforms.

Strategic Significance

The opening of this new store in Noida's Sector-75 represents the company's commitment to expanding its retail footprint in key metropolitan areas. Spectrum Metro Mall's location in the National Capital Region provides access to a significant customer base and enhances the brand's visibility in the northern Indian market.

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