Respected Sir/Madam, We have attached herewith intimation as per Reg. 30 of SEBI (LODR) Regulation, 2015. Kindly take the same on your record. Thank you.
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Umiya Mobile Limited, a mobile phone retail company listed on BSE (Scrip Code: 544464), has informed the exchange about the opening of 23 new retail stores across India on May 18, 2026. The new stores are located in three states: Madhya Pradesh (12 stores), Maharashtra (8 stores), and Gujarat (3 stores). Cities covered include Indore, Bhopal, Pune, Nashik, Ratlam, and others. The expansion is part of the company's retail network growth strategy, with all stores opening on the same date. This is a follow-up to an earlier announcement dated April 21, 2026.
The aggressive expansion with 23 new stores in a single day signals positive momentum in the company's retail presence, though the financial impact on revenue will depend on store performance and market conditions. For investors, this indicates management's intent to grow the distribution network, though the small company size means these stores may take time to materially affect financials.