PNG JEWELLERS LTD : EXPANDS OVERSEAS OPERATIONS WITH USD 6.5 MN INVESTMENT IN WHOLLY OWNED SUBSIDIARY

• Investment of up to USD 6.5 million in its wholly owned subsidiary, PNG Jewelers INC. • Approved the adoption of "PNG ESOP 2026" for eligible employees and subsidiaries. • Reappointment of Dr. Vaijayanti Pandit as Independent Director for a second term of two years approved. Impact: Strengthens employee incentive structure, reinforces corporate governance with continued leadership, and supports overseas business expansion.

P N Gadgil Jewellers Ltd

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