PNG Jewellers approves $6.5M WOS investment, ESOP, director re-appointment

P N Gadgil Jewellers Ltd's Board of Directors, at its meeting on September 19, 2026, approved an additional investment of up to USD 6,500,000 in its Wholly Owned Subsidiary, PNG Jewelers INC, through subscription to fresh equity shares. The Board also adopted the "PNG ESOP 2026" for eligible employees, covering up to 1,15,000 equity shares. Additionally, the re-appointment of Dr. Vaijayanti Pandit as an Independent Director for a second term of two years, commencing March 14, 2027, was approved. A Postal Ballot Notice will be issued to seek member approval for the ESOP and the director's re-appointment.