We have attached herewith announcement 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 announced plans to open 37 new retail stores across three states - Madhya Pradesh (15 stores), Maharashtra (12 stores), and Gujarat (10 stores). The expansion spans cities including Bhopal, Indore, Pune, Ahmedabad, Nashik, and Rajkot. This is a retail network expansion initiative by the company, which appears to be a mobile devices/electronics retailer based in Gujarat. The company indicated it will provide further updates as the plan progresses.
This store expansion could positively impact future revenues through increased retail footprint but involves capital expenditure and operational costs. The announcement signals management confidence in growth but may not have immediate stock price impact as stores are planned for the near future.