P N Gadgil Jewellers Limited has announced the outcome of its Board Meeting held on August 20, 2026, wherein the board approved the acquisition of a 100% stake in Silvostyle Jewellers Limited for a total cash consideration of ₹27.96 Crores. The acquisition will be executed through a combination of buying 1,50,000 equity shares from existing shareholders and a fresh issue of 1,48,50,000 equity shares, making Silvostyle Jewellers Limited a wholly-owned subsidiary of the company on or before December 31, 2026. Additionally, the board considered and approved the draft notice for the 13th Annual General Meeting scheduled for September 28, 2026.

Silvostyle Jewellers Limited is an unlisted public limited company incorporated on December 19, 2025, operating in the fashion silver jewellery sector. The company previously acquired Silvostyle Jewellery LLP via a slump sale effective May 1, 2026. The historical turnover figures for the target business stand at ₹27.09 Crores for March 31, 2024, ₹72.93 Crores for March 31, 2025, and ₹40.46 Crores for March 31, 2026. Because the transaction involves promoters like Mr. Saurabh Gadgil, Mrs. Radhika Gadgil, and Mr. Aditya Gadgil who hold directorships and shares in both entities, the acquisition qualifies as a related-party transaction conducted at arm’s length.

P N Gadgil Jewellers Limited is a prominent name in the Indian retail jewellery industry, renowned for its rich heritage and extensive retail footprint across formats like Legacy and YOOU stores. Demonstrating robust retail expansion, the company inaugurated a massive 3,500 sq. ft. legacy store in Gurugram on August 15, 2026, taking its total store count to 80. Recent news highlights the company’s aggressive growth strategy, targeting broader market presence both nationally and internationally. The integration of Silvostyle Jewellers Limited is intended to build strong operational synergies, consolidate its fashion silver jewellery segment, and expand product offerings.

In its financial results announced for the quarter ended June 2026, P N Gadgil Jewellers reported a stellar performance with a consolidated net profit soaring by 51.92% year-on-year to ₹105.34 Crores compared to ₹69.34 Crores in the corresponding quarter of the previous year. Operating revenue grew by approximately 40.73% year-on-year to reach ₹2,412.98 Crores. The company continues to attract strong institutional interest, with key institutional and non-institutional investors maintaining a steady stake in its capital structure.