Update on Acquisition of Silvostyle Jewellers Limited

Date: October 01, 2026 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G, BKC, Dalal Street, Mumbai – 400001 Bandra (East), Mumbai – 400051 Scrip Code: 544256 Symbol: PNGJL Subject: Update on Acquisition of Silvostyle Jewellers Limited Dear Sir/ Madam, This is in continuation to our earlier intimation dated August 20, 2026, wherein the Company had informed that the Board of Directors had approved the acquisition of 100% stake in Silvostyle Jewellers Limited (“SJL”), by way of acquisition of Equity Shares through fresh issue and acquisition from the existing shareholders, in one or more tranches. We hereby inform you that the acquisition has been completed pursuant to the terms of the Share Purchase Agreement and the applicable transaction documents. In this regard: 1. The Company has made the requisite payment towards subscription to the fresh Equity Shares of SJL. 2. The Board of Directors of SJL has approved the allotment of 1,48,50,000 (One Crore Forty-Eight Lakh Fifty Thousand) Equity Shares to the Company. 3. Pursuant to the Share Purchase Agreement, the existing shareholders of SJL have transferred 1,50,000 (One Lakh Fifty Thousand) Equity Shares to the Company. 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. Consequently, Silvostyle Jewellers Limited has become a wholly owned subsidiary of P N Gadgil Jewellers Limited, with effect from the date of completion i.e. October 01, 2026, of the aforesaid transactions. The details of the acquisition were earlier disclosed by the Company pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, vide its intimation dated August 20, 2026. The aforesaid disclosure may be read together with the present intimation. You are requested to take the above information on your records. Thanking You, For P N Gadgil Jewellers Limited Prakhar Gupta Company Secretary & Compliance Officer P N Gadgil Jewellers Limited Registered Office.: PNG House, 694, Narayan Peth, Kunte Chowk, Laxmi Road,Pune, - 411030. Maharashtra, India. Tel. No. +91 20 24435005 I Fax: +91 20 244305011 Toll Free no.: 1800 233 5005 (1 1 A.M. - 7 P.M.) I www.pngjewellers.com I info@pngadgil.com I CIN: L36912PN2013PLC149288 I INDIA I USA