P. N. Gadgil & Sons Limited
new showrooms at Shirdi, Phaltan & Badalapur
Pune 28 September 2018
In bid to expand its foot print, P. N. Gadgil & Sons Limited, a well-known jewellery brand in Maharashtra is set to open three new showrooms and is considering to expand its showroom in Nashik at Canada Corner before Diwali.
Explaining about the expansion Mr. Amit Modak, Whole Time Director and Chief Executive Officer of P. N. Gadgil & Sons Limited, “We will open showrooms at Shirdi and Phaltan and Badlapur near the state capital of Mumbai. Each showroom will cater to the respective city area as well as nearby rural areas. Pursuant to customers’ demand and convenience, we are considering an expansion in Nashik at our existing College Road Canada Corner showroom premises.”
P.N. Gadgil & Sons Limited is proposing, subject to receipt of requisite approvals, marketconditions and other considerations, an initial public offering of its equity shares (the “EquityShares”) and has filed a draft red herring prospectus (the “DRHP”) with the Securities andExchange Board of India (“SEBI”).The DRHP is available on the website of SEBI at www.sebi.gov.in and thewebsite of the BRLMs at www.hdfcbank.com and ww.yesinvest.in.Any potential investor should note that investment in Equity Shares involves a high degree ofrisk. For details, potential investors should refer to the Red Herring Prospectus, including the sectiontitled “Risk Factors”. Potential Investors should not rely on the DRHP for any investmentdecision.