P N Gadgil Jewellers Limited has informed the Exchange regarding a press release dated September 28, 2025, titled "PNG Jewellers Expands with Second Store in U.P., Celebrates Kanpur s Cultural and Commercial Legacy".
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Awaiting price reaction for this filing.
P N Gadgil Jewellers has opened its second store in Uttar Pradesh in Kanpur, located on Birhana Road, just a day after launching in Lucknow. This marks the brand's expansion beyond Maharashtra into North India, building on its 193-year legacy. The large-format store offers gold, diamond, silver, and platinum jewellery including bridal collections like Pratha and Golden Katha. Festive offers include 50% off on gold making charges, 100% off on diamond making charges, and 0% deduction on gold exchange during Navratri. Bollywood personality Sushmita Sen was present at the inauguration alongside CMD Dr. Saurabh Gadgil.
Positive for long-term growth as the company is expanding its retail footprint into a new state, potentially adding to future revenue. However, this is a routine store launch announcement with no immediate material impact on earnings or stock price.