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 the adoption of the 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, effective March 14, 2027. Both the ESOP and the director's reappointment are subject to shareholder approval via Postal Ballot. Additionally, the Board sanctioned an investment of up to USD 6,500,000 in PNG Jewelers INC, a wholly-owned subsidiary, through subscription to fresh equity shares in one or more tranches.