PN Gadgil Jewellers , the 193-year-old iconic Indian jewellery brand, has announced a significant expansion plan set to unfold during Navratri 2025. The company aims to strengthen its presence across Maharashtra and Central India with the launch of 6 new standalone stores and 4 LiteStyle shop-in-shop counters.

Expansion Details

The expansion drive, scheduled between September 22 and October 1, 2025, will see PNG Jewellers opening new outlets in key cities:

• Standalone Stores: Wakad (Pune), Moshi (Pune), Kolhapur, Lucknow, Kanpur, and Dadar (Mumbai)
• LiteStyle Shop-in-Shop Counters: Solapur, Nashik, Chhatrapati Sambhajinagar, and Nagpur

This initiative marks one of the largest and fastest expansion campaigns in the brand's history, reflecting its commitment to increased accessibility while maintaining its core values of purity, craftsmanship, and innovation.

Festive Offers

To commemorate this expansion, PNG Jewellers is rolling out attractive offers for customers:

• Up to 50% off on gold jewellery making charges at new PNG showrooms
• Up to 100% off on diamond jewellery making charges at new PNG showrooms
• Up to 50% off on LiteStyle jewellery making charges at shop-in-shop locations

Management's Perspective

Dr. Saurabh Gadgil, Chairman and Managing Director of PNG Jewellers, expressed his enthusiasm about the expansion: "This Navratri, launching in 10 locations is a landmark achievement and reflects our commitment to expanding accessibility while staying rooted in our values of purity, craftsmanship, and innovation."

He further added, "With both PNG Jewellers showrooms and LiteStyle shop-in-shop counters, we are offering our customers a diverse retail experience that caters to every generation. By introducing LiteStyle shop-in-shop counters in our stores, we aim to create a vibrant touchpoint for younger customers, complementing our legacy collections and making PNG more inclusive than ever."

About PNG Jewellers

PNG Jewellers has built a reputation for excellence in creativity and trusted service over its 193-year history. Under Dr. Saurabh Gadgil's leadership, the company has been working towards creating a brand that caters to customers globally. This expansion plan further solidifies PNG Jewellers' position as one of the most reputed jewellers in India, demonstrating its commitment to growth and customer satisfaction.

The company's strategic expansion during the auspicious Navratri period aligns with the festival's themes of prosperity and renewal, potentially capitalizing on the increased consumer spending typically associated with this time of year.

PN Gadgil Jewellers , a prominent name in the Indian jewelry market, has reached a significant milestone as its one-year shareholder lock-in period concluded on September 18. This development has made 85.7 million shares, representing 63% of the company's outstanding equity and valued at approximately ₹5,441.00 crore, eligible for trading.

Shareholding Structure and Public Shareholding Compliance

The expiration of the lock-in period brings attention to PN Gadgil Jewellers' current shareholding structure:

• Promoters hold a substantial 83.11% stake in the company
• Mutual funds account for 4.27% of the shareholding
• Approximately 1.9 lakh small retail shareholders own 9.5% of the company

The promoters' significant stake exceeds the 75% threshold set by the Securities and Exchange Board of India (SEBI) for Minimum Public Shareholding (MPS). As per regulations, PN Gadgil Jewellers now has a three-year window to increase its public shareholding to the required 25%.

Market Performance and Capitalization

PN Gadgil Jewellers has shown strong market performance since its initial public offering (IPO):

• Current market capitalization stands at ₹8,630.00 crore
• The stock is trading 31% above its IPO price of ₹480.00 per share

This appreciation in share price indicates positive investor sentiment towards the company since its market debut.

Implications of Lock-in Expiry

The end of the lock-in period could potentially impact the stock's trading dynamics:

1. Increased liquidity: With a significant portion of shares now eligible for trading, the stock's liquidity may improve.
2. Potential price volatility: The market might experience some fluctuations as previously locked-in shareholders get the opportunity to trade their holdings.
3. Investor attention: The unlock event could draw more investor attention to the stock, potentially influencing trading volumes.

As PN Gadgil Jewellers navigates this new phase, market participants will be keenly watching how the company manages its shareholding structure to comply with regulatory requirements while maintaining investor confidence in its growth story.