Nyati mentioned that the company’s consistent financial growth and aggressive expansion plans had positioned it favorably for investors. PN Gadgil Jewellers outlined a clear path for growth, indicating that Rs 393 crore from the fresh issue proceeds would be allocated to opening 12 new retail stores in Maharashtra to solidify its presence in a key market. Additionally, they stated that another Rs 300 crore would be directed towards debt repayment, which they expected would strengthen the company’s balance sheet and reduce its financial liabilities.
