Date: September 05, 2026

General Disclosures

Corporate Details:

  • Corporate Identity Number: L36912PN2013PLC149288
  • Year of incorporation: 2013
  • Corporate address: 359, PNG Vishwa, Narayan Peth, Laxmi Road, Pune, Maharashtra – 411030
  • Contact: +91-020-24478474, secretarial@pngadgil.com
  • Paid-up Capital: ₹1,35,70,83,330
  • Reporting boundary: Standalone Basis

Business Activities:

  • Main Activity: Trading in jewellery, gems, precious stones (100% of turnover)
  • NIC Code: 47733 (Retail trade of jewellery, metals, bullions, precious)

Operations:

  • Total stores: 78 (77 in India, 1 in United States of America)
  • Export contribution: 0.06% of total turnover
  • Customer segments: luxury, premium, mid-market, and mass market across all age groups

Employees:

  • Total employees: 2,954
  • Permanent: 2,950 (Male: 1,747, 59%; Female: 1,203, 41%)
  • Other than Permanent: 4 (Male: 3, 75%; Female: 1, 25%)
  • Differently abled employees: 0
  • Women representation:
  • Board of Directors: 3 out of 9 (33.33%)
  • Key Management Personnel: 0 out of 2 (0%)
  • Turnover rate for permanent employees:
  • FY 2025-26: Male 22%, Female 23%, Total 22%
  • FY 2024-25: Male 18%, Female 23%, Total 20%
  • FY 2023-24: Male 18%, Female 23%, Total 21%

Subsidiaries:

  • Gadgil Diamonds Private Limited (100% subsidiary)
  • PNG Jewelers INC (100% subsidiary)
  • Neither subsidiary participates in Business Responsibility initiatives

CSR Applicability:

  • CSR applicable as per section 135 of Companies Act, 2013: Yes
  • Turnover: ₹7,630,54,94,546.45
  • Net worth: ₹1,568,58,55,101.82

Complaints/Grievances (FY 2025-26):

  • Shareholders: 1 complaint filed, 0 pending
  • Employees and workers: 2 complaints filed, 0 pending
  • Customers: 190 complaints filed, 0 pending
  • Value Chain Partners: No formal mechanism, grievances received through informal channels
  • Grievance redressal policy available at: https://www.pngjewellers.com/pages/investors

Material Responsible Business Conduct Issues:

1. Innovation and Technology (Opportunity) - Positive financial implications

2. Data Security and Privacy (Risk) - Negative financial implications, mitigated through robust data protection framework

3. Product Design, quality and safety (Opportunity) - Positive financial implications

4. Customer Centricity (Opportunity) - Positive financial implications, addressed through multiple engagement channels

5. Corporate Governance (Compliance & Ethics) (Opportunity) - Positive financial implications

6. Product Transparency and Disclosure (Risk) - Negative financial implications, mitigated through regulatory compliance

Management and Process Disclosures

Policy Coverage:

  • All nine NGRBC principles covered by policies: Yes
  • Policies approved by Board: Yes
  • Policies translated into procedures: Yes for all principles
  • Policies extend to value chain partners: No for all principles
  • Web link for policies: https://www.pngjewellers.com/pages/investors

Standards and Certifications:

  • Bureau of Indian Standards (BIS) Hallmarking Certifications
  • Legal Metrology Act, 2009 certification across entire jewellery portfolio

Governance Structure:

  • No dedicated committee for sustainability matters
  • ESG matters overseen directly by Board of Directors
  • Performance against policies reviewed annually by Board of Directors
  • Compliance with statutory requirements reviewed quarterly by Board of Director
  • No independent assessment by external agency conducted

Principle-wise Performance Disclosure

Principle 1 - Ethical Business Conduct:

  • Training coverage: Board of Directors 100%, KMP 100%, Other employees 94%
  • No fines/penalties/punishment in proceedings with regulators/law enforcement agencies
  • Anti-corruption/anti-bribery policy: Yes, approved by Board on November 12, 2025
  • No disciplinary actions for bribery/corruption against Directors/KMPs/employees
  • No complaints regarding conflict of interest
  • Number of days of accounts payables: 19 days (FY 2025-26), 11 days (FY 2024-25)
  • Related Party Transactions:
  • Purchases with related parties: 0.09% of total purchases
  • Sales to related parties: 0.13% of total sales
  • Loans & advances to related parties: 23.11% of total loans & advances
  • Investments in related parties: 84.62% of total investments

Principle 2 - Sustainable Products/Services:

  • R&D investment in environmental/social improvements: 0%
  • Capex investment in environmental/social improvements: 0%
  • Sustainable sourcing procedures: No
  • Product reclamation processes: Developing procedures for packaging materials
  • E-waste disposal through certified vendors with CPCB registration
  • Extended Producer Responsibility: Not applicable

Principle 3 - Employee Well-being:

  • Health insurance coverage: 100% of permanent employees
  • Accident insurance coverage: 100% of permanent employees
  • Maternity benefits: 14 employees covered (1% of permanent employees)
  • Cost incurred on well-being measures: 1.53% of total revenue
  • Retirement benefits:
  • PF: 100% coverage, deposited with authority
  • Gratuity: 100% coverage, deposited with authority
  • ESI: 25% coverage, deposited with authority
  • Workplace accessibility: Yes, with ongoing ramp installation
  • Equal opportunity policy: Yes
  • Parental leave return rate: Female employees 64%
  • Grievance mechanism: Available for permanent employees through multiple channels
  • No employees part of associations/unions
  • Training provided:
  • FY 2025-26: 36% of employees received health/safety and skill upgradation training
  • Male: 19% coverage, Female: 61% coverage
  • Performance reviews: 100% of employees received reviews
  • Occupational health and safety management system: Yes
  • No safety-related incidents, fatalities, or high consequence injuries
  • Emergency Response Teams established at all store locations

Principle 4 - Stakeholder Engagement:

  • Key stakeholders: employees, customers, shareholders, vendors, contractors, technical partners, local communities, Government/Regulators
  • Engagement mechanisms include events, mails, SMS, shareholder meetings, investor presentations, emails, in-person meetings

Principle 5 - Human Rights:

  • Human rights training coverage: 82.12% of employees
  • All employees paid at or above minimum wage
  • Median remuneration:
  • Board of Directors: ₹9,00,00,000
  • KMP: ₹87,50,000
  • Other employees: Male ₹5,12,843, Female ₹4,52,515
  • Gross wages paid to females: 37.64% of total wages
  • Focal point for human rights issues: Yes (HR Department, Internal Committee, Senior Management)
  • Complaints:
  • Sexual harassment: 2 complaints filed, 0 pending, 0 upheld
  • No complaints on discrimination, child labour, forced labour, wages, or other human rights issues
  • Human rights requirements included in business agreements: Yes
  • 100% of plants/offices assessed for child labour, forced labour, sexual harassment, discrimination, wages
  • Corrective actions: POSH Policy review and update, regular training programs, disciplinary measures

Principle 6 - Environmental Protection:

  • Energy consumption:
  • Renewable sources: 10,574 Kwh
  • Non-renewable sources: 3,183,481 Kwh
  • Total energy: 3,194,055 Kwh
  • No sites identified as designated consumers under PAT Scheme
  • Water withdrawal/consumption: Not available
  • No air emissions (NOx, SOx, PM, POP, VOC, HAP)
  • Greenhouse gas emissions: Scope 1 - 0, Scope 2 - 0
  • Waste generation:
  • Plastic waste: 18.25 metric tons (non-hazardous, recyclable PET)
  • Other non-hazardous waste: 41.453 metric tons (food waste 36.5 MT, paper waste 4.56 MT, others 0.393 MT)
  • Total waste: 59.70 metric tons
  • Waste recovered through recycling: 0.393 metric tons
  • Waste disposed: 59.70 metric tons
  • Waste management through incineration and certified waste collection agencies
  • No operations in ecologically sensitive areas
  • No environmental impact assessments conducted
  • Compliant with applicable environmental laws/regulations

Principle 7 - Responsible Policy Influence:

  • Affiliations with trade/industry chambers/associations: 9
  • Top affiliations: FICCI, PGI, IBJA, GJC, GJTCI, WGC, GJSCI, GSI
  • No corrective actions related to anti-competitive conduct

Principle 8 - Inclusive Growth:

  • No Social Impact Assessments conducted
  • No Rehabilitation and Resettlement projects ongoing
  • Community grievance mechanisms: dedicated team, multiple communication channels, liaison meetings, transparent process
  • Input material sourcing:
  • From MSMEs/small producers: 0.78%
  • From within India: 100%
  • Job creation by location:
  • Semi-urban: 2.41% of total wage cost
  • Urban: 26.96% of total wage cost
  • Metropolitan: 70.63% of total wage cost

Principle 9 - Responsible Consumer Engagement:

  • Consumer complaint mechanisms: helpline, email, website, phone, store visits, CRM team
  • Product/service information:
  • Safe and responsible usage: 100% of turnover
  • Recycling and/or safe disposal: 100% of turnover
  • Consumer complaints:
  • Data privacy: 1 complaint filed, 0 pending
  • Unfair Trade Practices: 190 complaints filed, 0 pending
  • No complaints in other categories
  • No product recalls
  • Cyber security policy: Yes
  • No data breaches occurred
  • Customer grievance escalation process: multi-level with periodic review