P N Gadgil Jewellers Limited has informed the Exchange regarding a press release dated September 25, 2025, titled "LiteStyle by PNG Jewellers Enters Solapur with Modern Everyday Jewellery".
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P N Gadgil Jewellers has expanded its LiteStyle lightweight fine jewellery sub-brand to Solapur with a new shop-in-shop counter inside its existing Solapur store. LiteStyle targets young, style-conscious women with minimalist gold and diamond jewellery designed for everyday wear at affordable price points. Actress Meera Jagannath attended the inauguration on September 25, 2025. To promote the launch, the company is offering up to 50% off on making charges for LiteStyle jewellery as an early festive-season offer. This is part of PNG's broader strategy to broaden access to its lightweight jewellery line beyond traditional festive and wedding occasions.
This is a small-format brand expansion within an existing store and is unlikely to materially move the stock. It signals continued retail footprint and sub-brand push, but no significant revenue or guidance impact for shareholders.