P N Gadgil Jewellers to acquire 100% stake in Silvostyle Jewellers for ₹27.96 Cr

P N Gadgil Jewellers Ltd announced its board has approved the acquisition of a 100% stake in Silvostyle Jewellers Limited for ₹27.96 Crores. The acquisition will be completed through fresh issuance and purchase from existing shareholders, making Silvostyle Jewellers a wholly-owned subsidiary. Silvostyle Jewellers, engaged in fashion silver jewellery, had a turnover of ₹72.93 Crores in FY26. The deal is considered a related party transaction as key promoters of P N Gadgil Jewellers are also directors and shareholders of Silvostyle Jewellers, but it will be conducted at arm's length. The acquisition aims to consolidate the company's jewellery business, create operational synergies, and broaden product offerings.