P N Gadgil Jewellers Limited has informed the Exchange regarding a press release dated September 30, 2025, titled "PNG Jewellers Unveils Flagship-Level Store in Dadar, Mumbai s Cultural Heartbeat".
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P N Gadgil Jewellers (PNGJL) has opened a new flagship-level store in Dadar, Mumbai, timed with the Navratri festive season. The store is located on Ranade Road and is designed to match the scale and prestige of the company's iconic Laxmi Road store in Pune. It will offer the full range of gold, diamond, silver, and platinum jewellery, including bridal collections (Pratha, Golden Katha, Eiina, Saptam) and lightweight contemporary designs. To mark the launch, customers get up to 50% off on gold making charges, up to 100% off on diamond making charges, and 0% deduction on old gold exchange until season end. The launch was attended by actor Swapnil Joshi and Rashmitai Thackeray, with CMD Dr. Saurabh Gadgil calling Dadar a strategic cultural fit for the brand's heritage-driven positioning.
This is a positive expansion move that strengthens PNG's presence in the high-value Mumbai market ahead of the festive-wedding season, which could boost near-term revenue. The flagship positioning in Dadar signals long-term commitment to the city and may support brand-led growth in jewellery sales over coming quarters.