P N Gadgil Jewellers Limited has informed the Exchange regarding a press release dated March 13, 2026, titled "PNG Jewellers Expands Presence in Navi Mumbai with New Store Launch in Uran".
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P N Gadgil Jewellers has opened a new 4,500 sq. ft showroom at Grand Uran Central in Navi Mumbai, taking its total store count to 70. The store was inaugurated on March 13, 2026 by brand ambassador Madhuri Dixit. To mark the opening, the company is offering 30% off on gold jewellery making charges and 100% off on diamond jewellery making charges until April 3, 2026. The store will showcase signature collections including Pratha, Katha, Polmi, Eiina, Saptam, and Ashirvaad. The company highlighted that the expansion is driven by growing customer demand in the Uran area, and is part of its continued retail footprint expansion in Maharashtra and beyond.
This is a routine retail expansion announcement and is unlikely to have a material impact on the stock price on its own. However, it signals the company's continued growth trajectory and deepening presence in Maharashtra, which may support long-term revenue growth.