P N Gadgil Jewellers to acquire Silvostyle Jewellers for ₹27.96 Cr

P N Gadgil Jewellers Ltd announced a significant acquisition following a Board Meeting on August 20, 2026. The company approved the acquisition of 100% equity share capital of Silvostyle Jewellers Limited (SJL) for a total consideration of ₹27.96 Crores. This includes subscribing to 1,48,50,000 new equity shares of SJL for ₹27.68 Crores and acquiring 1,50,000 existing shares for ₹0.28 Crores. SJL, engaged in fashion silver jewellery, will become a wholly-owned subsidiary upon completion. The board also approved the draft notice for the 13th Annual General Meeting scheduled for September 28, 2026.