PNG Jewellers Board approves ESOP, director reappointment, $6.5M WOS investment
P N Gadgil Jewellers Ltd's Board of Directors, at their meeting on September 19, 2026, approved several key initiatives. These include the adoption of the P N Gadgil Jewellers Limited Employee Stock Option Plan 2026 (PNG ESOP 2026) for eligible employees, covering up to 1,15,000 equity shares. The Board also approved the reappointment of Dr. Vaijayanti Pandit as an Independent Director for a second term of two years, commencing March 14, 2027. Additionally, the Board approved a Postal Ballot Notice to seek member approval for both the ESOP and the director's reappointment. Furthermore, the Board sanctioned an additional investment of up to USD 6,500,000 in PNG Jewelers INC, a wholly-owned subsidiary.
Key Highlights
- Board approved P N Gadgil Jewellers Limited Employee Stock Option Plan 2026.
- ESOP covers up to 1,15,000 equity shares for eligible employees.
- Dr. Vaijayanti Pandit reappointed as Independent Director for two years.
- Approved investment of up to USD 6.5 million in US wholly-owned subsidiary.
- Postal Ballot Notice approved for ESOP and director reappointment.
Price Impact
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