P N Gadgil Jewellers Limited announced the outcome of its board meeting held on September 19, 2026, covering key corporate and strategic approvals. The board approved the adoption of the P N Gadgil Jewellers Limited Employee Stock Option Plan 2026 (“PNG ESOP 2026”) covering up to 1,15,000 equity shares to reward eligible employees. Furthermore, the board recommended the reappointment of Dr. Vaijayanti Pandit as an Independent Director for a second consecutive two-year term starting from March 14, 2027, to March 13, 2029. Approval was also granted for a postal ballot notice to seek member clearance for the ESOP scheme and director reappointment. Additionally, the board approved an additional cash investment of up to USD 6,500,000 in its wholly-owned subsidiary, PNG Jewelers INC, to support its retail expansion in the United States.

P N Gadgil Jewellers INC, the US-based wholly-owned subsidiary incorporated in June 2007, operates a retail showroom in Sunnyvale, California. As of March 31, 2026, PNG Jewelers INC recorded a turnover of Rs. 1,046.06 Million and a net profit (PAT) of Rs. 84.82 Million, reflecting continued business operations abroad. The fresh capital infusion of up to USD 6.5 million will be executed in tranches on or before September 15, 2027, to drive future business growth and general corporate objectives.

Established with a long-standing heritage in Maharashtra, P N Gadgil Jewellers Limited engages in the retail business of gold, silver, and diamond jewellery. The company offers a wide array of choices including temple motifs, contemporary collections, and lightweight daily wear. In 2025, the company expanded its footprint significantly, reaching a milestone store count of 53 by the end of FY25. It also rebranded its lightweight diamond jewellery line to YOOU, targeting extensive retail penetration through exclusive brand outlets and shop-in-shops.

During FY25, the company posted a consolidated revenue of ₹76,934.68 Mn, marking a 25.9% year-on-year growth. Its store-level execution drove strong average revenues and robust profit efficiency, supported by high consumer demand and festival surges. While promoters retain a strong majority holding above 75%, institutional and public investors actively participate in the company’s growth trajectory as it scales its national and international retail network.