Postal ballot: ESOP 2026 and director reappointment approved
PNGJL · price
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On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 3.3 pts more 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 shareholders approved three special resolutions via postal ballot concluded on October 21, 2026. The resolutions included approval of the PNG ESOP 2026 stock option plan for employees of the company (94.78 percent in favor), the same ESOP for employees of subsidiary companies (94.78 percent in favor), and the reappointment of Dr. Vaijayanti Pandit as independent director (99.91 percent in favor). About 84 percent of outstanding shares participated in the voting.
ESOP approval allows stock-based incentives but may cause future equity dilution. Director reappointment ensures board continuity.