P N Gadgil Jewellers to acquire 100% stake in Silvostyle Jewellers

P N Gadgil Jewellers Ltd announced its Board Meeting outcome on August 20, 2026. The board approved the acquisition of 100% stake in Silvostyle Jewellers Limited for ₹27.96 Crores. This acquisition, involving 1,50,00,000 equity shares, will make Silvostyle Jewellers a wholly-owned subsidiary. The company also approved the draft notice for its 13th Annual General Meeting, scheduled for September 28, 2026, to be held via VC/OAVM. The acquisition is expected to consolidate the company's jewellery business, create operational synergies, broaden product offerings, and strengthen market presence. The acquisition is anticipated to be completed by December 31, 2026.