BrandBuzz
Madhuri Dixit unveils PNG Jewellers store in Solapur
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*PNG Jewellers* brings heritage and craftsmanship of fine Jewellery to *Solapur* with their latest store launch. Inaugurated by brand ambassador *Madhuri Dixit*, the large format store is located at 146, Railway Lines, Old Employment Chowk, and is spread across 5,800 sq.ft., offering a vast range of products across categories from rings, earrings, and bracelets to bridal jewellery in gold, silver, natural diamonds, and platinum.
The large format store is located at 146, Railway Lines, Old Employment Chowk (opposite Hotel Dhruv), and is spread across 5,800 sq.ft., offering a vast range of products across categories from rings, earrings, and stunning bracelets to bridal jewellery in gold, silver, natural diamonds, as well as platinum for every occasion.
*Dr. Saurabh Gadgil*, Chairman and Managing Director of PNG Jewellers stated, “The opening of our new store in Solapur is a moment filled with great joy and pride for PNG Jewellers. This expansion represents our effort to enhance accessibility for our valued customers, addressing the growing demand for our jewellery in this region. As we establish ourselves in new locations, we aim to diversify our offerings and provide an enriched, personalised jewellery shopping experience. Our unwavering dedication to delivering the finest jewellery and unparalleled services remains at the core of our mission. We are proud to be here, closer to our customers.”
Bollywood icon *Madhuri Dixit* said, “I am truly delighted to be here in Solapur for the launch of PNG Jewellers’ new store. PNG has always stood for trust, tradition, and timeless craftsmanship, and this new chapter only strengthens its bond with the people of Maharashtra. I’m sure this store will bring joy and sparkle to countless lives, just as jewellery does to special moments.”
BrandBuzz
MCA raises “small company” thresholds – up to ₹10 cr capital & ₹100 cr turnover from 1st December 2025, major relief for jewellery trade
In a landmark decision that will significantly ease compliance for thousands of jewellery businesses across India, the Ministry of Corporate Affairs (MCA) has revised the definition of “Small Company” under the Companies Act, 2013, effective 1st December 2025.GJC published and sent out this important update to the jewellery trade.
New Eligibility Criteria (both conditions to be satisfied):
- Paid-up Share Capital : ≤ Rs.10 Crore (earlier Rs.4 Crore)
- Annual Turnover : ≤ Rs.100 Crore (earlier Rs.40 Crore) (as per the latest audited financial statements)
Any company exceeding even one of the above limits will cease to be a Small Company.
Key Benefits for Jewellers (Private Limited & Family-Owned Firms):
- Only 2 Board Meetings required in a year
- Exemption from mandatory Internal Audit in most cases
- Substantially lower penalties for defaults
- Simplified Annual Return via Form MGT-7A
- No need to prepare Cash Flow Statement in financials
- Exemption from mandatory Auditor Rotation – continue with existing trusted auditors
- Reduced overall compliance cost and administrative burden
GJC advised jewellery firms to immediately review their Paid-up Capital and Turnover for FY 2024-25 to confirm eligibility and start availing the relaxations from the current financial year itself.
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