PNGS Gargi Fashion Jewellery Ltd — Others, 01-08-2025: AGM/EGM

The company's 16th Annual General Meeting concluded with all proposed resolutions passing with the necessary majority. Shareholders approved the audited financial statements for the fiscal year ended March 31, 2025, and the re-appointment of Mr. Aditya Amit Modak as a Director. Critically, material related party transactions with P. N. Gadgil & Sons Limited and PNGS Reva Diamond Jewellery Limited received approval. Additionally, shareholders gave consent for the issuance of 112,500 new equity shares on a preferential basis to public, promoter, and promoter group categories. This move could facilitate capital infusion, though it may lead to some equity dilution for existing shareholders.