Intimation for appointment of Internal Auditor
PNGJL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 10.1 pts less than Nifty Microcap 250 and 9.1 pts less than its Gems Jewellery And Watches peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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P N Gadgil Jewellers reported strong FY2026 standalone results with revenue from operations of ₹1,06,407.38 million, up 39.4% from ₹76,305.49 million in FY2025. Profit after tax grew to ₹4,010.37 million, up 86.6% from ₹2,148.78 million in the prior year. EPS for the year stood at ₹29.55 per share vs ₹16.83 previously. The statutory auditor issued an unmodified (clean) opinion on the audited results. An exceptional item of ₹33.92 million was recorded due to a one-time provision for employee benefits under new Indian labour codes. Mrs. Riya Shah was appointed as Internal Auditor for FY2026-27. Current borrowings nearly doubled to ₹15,500.64 million (from ₹7,998.26 million) to fund inventory and store expansion, while operating cash flow was negative at -₹6,350.17 million, largely driven by a significant increase in inventory (up ₹16,168 million) as the company scales up operations.
The company delivered robust revenue and profit growth exceeding market expectations, with a clean audit opinion supporting financial quality. However, the doubling of borrowings and negative operating cash flow reflect aggressive expansion risks that investors should monitor. The appointment of a new internal auditor is a routine governance action with no apparent concern.