PNG Jewellers Clears ₹1,000 Crore Fundraising Plan to Strengthen Growth and Market Reach

Mumbai, 3 July 2025: In a key development aimed at supporting its expansion and financial resilience, P N Gadgil Jewellers Limited (NSE: PNGJL | BSE: 544256) has approved a fundraising proposal of up to ₹1,000 crore. The decision was taken during a Board of Directors meeting held earlier today, signalling the company’s intention to raise capital through equity shares and/or other eligible securities in one or more phases.

As of 3rd July at 3:30 PM IST, shares of PNG closed at ₹599.30, reflecting a decline of ₹5.40 or 0.89% for the day. The stock opened at ₹608.80 and touched an intraday high of ₹608.80 before dipping to a low of ₹595.60. With a market capitalisation of ₹8,130 crore and a P/E ratio of 35.05, the stock showed weakness despite its previous 52-week high of ₹848.00.

Strategic Capital Raise Approved to Support Expansion and Financial Flexibility

Pune-based PNG Jewellers is set to raise up to ₹1,000 crore via multiple permissible instruments. The capital infusion is intended to boost the company’s liquidity position, strengthen its balance sheet, and enable future growth initiatives. The Board’s approval comes at a time when the company is witnessing an expanding footprint both in India and overseas markets, particularly the United States.

Diverse Fundraising Routes Offer Flexibility Based on Market Conditions

The funds will be raised through a combination of equity shares and other eligible securities via modes including Qualified Institutions Placement (QIP), preferential allotment, private placement, public issue, or a mix thereof. The actual structure and timing of the issue will be finalised in accordance with prevailing market conditions, subject to shareholder and regulatory approvals.

Key Highlights of the Proposed Issue

The issuance price and the allotment framework will align with applicable legal provisions and market conditions at the time of execution.

Fundraising Compliant with SEBI Regulations and Disclosure Norms

The proposed capital raise will be carried out in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015, and as per SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. PNG Jewellers confirmed that the detailed proposal will be disclosed once the necessary shareholder and regulatory consents are obtained.

Timely Board Approval Reflects Readiness for Market Execution

The board meeting during which this resolution was passed began at 12:57 PM and concluded at 2:05 PM today, reflecting swift decision-making in line with the company’s financial strategy.

PNG Jewellers Builds on Legacy While Preparing for the Next Growth Phase

P N Gadgil Jewellers Limited, listed on both NSE and BSE, is a heritage jewellery house based in Pune with expanding operations across India and the USA. The company designs, manufactures, and retails a wide array of gold, silver, diamond, and gemstone jewellery. This strategic fundraising initiative underlines its commitment to scaling operations and strengthening its financial base to meet both current and future business demands.

REF: https://nsearchives.nseindia.com/corporate/PNGJEWELLERS_03072025143425_IntimationofFundRaising.pdf

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