P N Gadgil Jewellers Completes Acquisition of Silvostyle Jewellers for 100% Stake

P N Gadgil Jewellers Completes Acquisition of Silvostyle Jewellers for 100% Stake​

P N Gadgil Jewellers Limited has approved the acquisition of a 100% equity stake in Silvostyle Jewellers Limited (SJL). This move is set to consolidate and strengthen the company's presence within the jewellery sector, making SJL a wholly-owned subsidiary upon completion of the transaction.

The Board of Directors, during its meeting held on August 20, 2026, approved the acquisition of Silvostyle Jewellers Limited (SJL). The transaction involves acquiring 100% of SJL's equity share capital through a combination of new share subscriptions and existing shareholder purchases.

The total consideration for the acquisition is Rs. 27.96 Crores. This sum is structured into two parts: Rs. 27.68 crores towards the subscription of fresh equity shares to be issued by SJL (representing 99% of the post-issue capital), and Rs. 0.28 crores for acquiring 1,50,000 Equity Shares from existing shareholders (representing 1% of the post-issue capital). The acquisition price was set at Rs. 18.64 per Equity Share.

The infusion of fresh capital, amounting to Rs. 27.68 crores, is designated for business purposes within SJL. Upon completion of the acquisition, PNGJL will assume full control over SJL.

Strategic Rationale and Target Entity Details​

The objective behind the acquisition is to strengthen and consolidate P N Gadgil Jewellers Limited's jewellery business by integrating Silvostyle Jewellers Limited into the PNG Group. The transaction is anticipated to yield operational synergies, broaden product offerings, and solidify the company’s market position.

SJL, an Unlisted Public Limited Company incorporated on December 19, 2025, operates in the Fashion Silver Jewellery retail industry. SJL acquired Silvostyle Jewellery LLP via a slump sale effective May 01, 2026. The acquisition falls under the definition of a related party transaction, as SJL is part of the Promoter Group of P N Gadgil Jewellers Limited, and specified directors from the Promoters are associated with PNGJL.

The company has set an indicative time period for completing the acquisition on or before December 31, 2026.

Financial Overview of Silvostyle Jewellers Limited (SJL)​

The following table details key financial metrics for SJL as reported during the board review:

PNGJL Stock Price Movement​

P N Gadgil Jewellers Limited shares edged higher on Thursday, gaining 1.09% to settle at ₹609.45. The stock saw a trading volume of 491,130 shares during the session.