P N Gadgil Jewellers to acquire 100% of Silvostyle Jewellers Limited
P N Gadgil Jewellers (PNGJL) said it has agreed a deal to acquire 100% of Silvostyle Jewellers Limited. The company is valued at about ₹8,612 crore.
What happened
In a filing with the BSE on 1 October 2026 at 05:57 PM, P N Gadgil Jewellers (PNGJL) said that it has agreed a deal to acquire 100% of Silvostyle Jewellers Limited.
From the filing: "Accordingly, upon completion of the aforesaid transactions, the Company has acquired an aggregate of 1,50,00,000 (One Crore Fifty Lakh) Equity Shares , representing 100% of the Paid-up Equity Share capital of SJL ."
Company snapshot
P N Gadgil Jewellers is a small-cap company in the Consumer Durables sector, with a market value of about ₹8,612 crore.
The stock last traded at ₹585.1, against a 52-week range of ₹503–₹736.4 (20.6% below the high).
Before this filing the shares had moved +0.2% over the month and +4.4% over three months. Average daily turnover over the last 20 sessions was about ₹28.2 crore.
Promoters held 76.62% at the end of Q2 FY27, down 6.49% points from the previous quarter. Foreign institutions owned 4.73% and domestic institutions 7.87%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,715 | 69.3 | 5.11 |
| Q2 FY26 | 2,178 | — | 5.84 |
| Q3 FY26 | 3,303 | — | 12.59 |
| Q4 FY26 | 3,544 | 90.1 | 6.65 |
| Q1 FY27 | 2,413 | 105.3 | 7.76 |
What history shows
This is not the company's first m&a disclosure: BCEIE has 3 earlier filings of this kind on record since May 2026.
After those filings, the stock fell 0.2% on average the next trading day and was down 1.9% on average after five days (2 filings with price data).
Across 24 similar disclosures by other Consumer Durables companies, shares moved +0.1% on average the next day and +0.9% over five days; 54% of them rose the next day.
Market-wide, 1,931 m&a filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 50% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 19 Sept 2026 | M&A | −1.1% | — |
| 20 Aug 2026 | M&A | +0.6% | −1.9% |
What to watch
- Regulatory approvals, completion of the deal and its effect on revenue and margins.
In the news
Recent coverage elsewhere (links open the original publisher):
- P N Gadgil Jewellers sets Sept 28 AGM; Radhika Gadgil seeks reappointment
- Vaijayanti Pandit gets a fresh term as Ind. Director, PN Gadgil Jewellers
- P N Gadgil Jewellers Limited (NSE: PNGJL) FY27 Expansion Plans and Financial Performance Updates
- P N Gadgil Jewellers adopts FY26 financials, reappoints Radhika Gadgil
- P N Gadgil Jewellers PNGJL Postal Ballot ESOP 2026 Vote
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.