We have attached herewith announcement as per Regulation 30 of SEBI (LODR) Regulations, 2015. Kindly take the same on your record. Thank you.
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Awaiting price reaction for this filing.
Umiya Mobile Limited has informed the stock exchange about plans to open 17 new retail stores in the near future. Of these, 9 are planned in Gujarat (including Botad, Jam-Khambhaliya, Mehsana, Patan, Rajkot, Kalol, Tharad, Raner, and Mansa) and 8 in Maharashtra (including Rahuri, Ahmednagar, Nagpur, Bhandara, and Yavatmal). The company is a mobile phone retailer, and this marks a notable retail network expansion. The company has stated it will keep the exchange informed of further developments. A few address entries appear mismatched with listed city/state names, suggesting possible clerical errors in the filing.
This signals an aggressive retail expansion strategy, which could support future revenue growth and market presence but will also increase capital and operating expenses. For shareholders, it is a positive long-term growth indicator, though near-term margin pressure from new store costs is possible.