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P N Gadgil Jewellers gets nod for additional investment in PNG Jewelers INC
Sep-21-2026

P N Gadgil Jewellers has received approval for the additional investment in PNG Jewelers INC, a wholly owned subsidiary of the company, by way of subscription to fresh equity shares to be issued by PNG Jewelers INC, for an aggregate consideration not exceeding up to $6.5 million or its equivalent in Indian Rupees, in one or more tranches. 

The funds proposed to be invested in PNG Jewelers INC shall be utilized towards Expansion of business in United States of America, to support its future business growth and General Corporate purpose. The additional capital infusion will be made in one or more tranches depending on the fund requirements on or before September 15, 2027.

The Board of Directors of the company, at their meeting held on September 19, 2026, has approved the same.

P N Gadgil Jewellers offers a wide range of precious metal/ jewellery products, including gold, silver, platinum and diamond jewellery under its brand name 'PNG' in various price ranges and designs.

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