P N Gadgil Jewellers Completes 100% Acquisition of Silvostyle Jewellers

P N Gadgil Jewellers Ltd has announced the completion of its acquisition of 100% stake in Silvostyle Jewellers Limited (SJL). The acquisition was executed through a combination of subscribing to fresh equity shares and acquiring shares from existing shareholders. Following the allotment of 1,48,50,000 equity shares and the transfer of 1,50,000 equity shares from existing shareholders, P N Gadgil Jewellers now holds an aggregate of 1,50,00,000 equity shares, representing the entire paid-up equity share capital of SJL. Consequently, Silvostyle Jewellers Limited has officially become a wholly-owned subsidiary of P N Gadgil Jewellers Limited, effective October 01, 2026. This update follows an earlier intimation on August 20, 2026, regarding the Board's approval for this acquisition.