P N Gadgil Jewellers Limited announced the opening of a new store location in Pune, Maharashtra, effective March 17, 2026. The store operates under the Franchise Owned, Company Operated (‘FOCO’) model. This expansion marks a significant milestone, bringing the company’s total operational store count across its network to 73 outlets. The announcement confirms compliance with all relevant disclosure requirements regarding material events.
Material Store Opening Disclosure
P N Gadgil Jewellers Limited formally notified exchanges regarding the launch of a new retail outlet. This opening is categorized under the Franchise Owned, Company Operated (‘FOCO’) Model, reflecting the company’s strategy for network expansion.
Location and Timing Details
The new store commenced operations on March 17, 2026, at approximately 06:00 P.M. The physical location is situated at Supercon Residency, Shirine Garden, Aundh, Pune, Maharashtra – 411007. This strategic placement within Pune aims to tap into growing regional demand for the brand’s jewelry offerings.
Impact on Network Size
With the addition of this new establishment, the total number of stores currently operated by P N Gadgil Jewellers Limited across all models now stands at 73. The Company Secretary and Compliance Officer, Prakhar Gupta, confirmed the details of this material development.
Source: BSE
