Magson Retail Closes Goa Store Location Due to Financial Instability
Magson Retail And Distribution Limited has announced the complete closure of one of its retail store locations in South Goa. The decision was made by the company's Financial Investment and Business Development Committee, with the closure taking effect from July 13, 2026.The affected location is situated at MAGSONS ZUARINAGAR, Shop No. S-25 to S-28, Ground Floor, Block C, GREVA Residency, MesCollege, Junction, ZUARINAGAR, SOUTH GOA, GOA -403726.
The company stated that the retail store was unable to achieve the necessary financial stability required for continued operation at the location.
Details regarding the unit's performance and contribution are as follows:
| Metric | Value |
|---|---|
| Store Location | ZUARINAGAR, SOUTH GOA, GOA -403726 |
| Contribution to Turnover (as of 31-03-2026) | Rs 71.12 Lakhs (0.65%) |
| Company Net Worth (as at 31-03-2026) | Rs 8609.84 Lakh |
The decision for the store closure was taken by the Financial Investment and Business Development Committee of Magson Retail And Distribution Limited.
MAGSON Stock Price Movement
Magson Retail And Distribution Limited's shares closed today after edging higher by 1.22%, settling at ₹182.00. The stock saw an intraday gain of ₹2.20, with a total traded volume recorded at 1,000 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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