Patel Retail Limited has achieved a significant milestone by opening its 50th Patel's R Mart store in Thakurli, Maharashtra. The company announced this expansion through a press release and regulatory filing under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Store Launch Details

The milestone 50th store opened in Thakurli East, strategically positioned to serve the rapidly growing residential catchment in the Mumbai Metropolitan Region. The outlet operates under the Patel's R Mart brand and offers a comprehensive range of quality essentials, groceries, daily-need products, and household items at competitive price points.

Management Commentary

Commenting on the development, Mr. Dhanji Patel, Chairman & Managing Director of Patel Retail Limited, stated: "The opening of our 50th store marks an important milestone in our growth journey and reflects the trust our customers have placed in us. Thakurli is an emerging residential hub, and this expansion enables us to further strengthen our connect with the community by offering essential products at compelling value."

He added that the company remains focused on expanding its presence across the Mumbai region while continuously enhancing customer experience, improving store productivity, and driving long-term value creation.

Strategic Expansion in MMR

This expansion reinforces Patel Retail's position as a rapidly scaling value retail chain in the Mumbai Metropolitan Region. The company's growth strategy is backed by integrated sourcing, packaging, and distribution capabilities, which drive cost efficiencies and ensure consistent product availability across stores.

Regulatory Compliance

The company fulfilled its disclosure obligations by informing both BSE Limited (Scrip Code: 544487) and National Stock Exchange of India Limited (Symbol: PATELRMART) about the store opening. Company Secretary and Compliance Officer Prasad Ramesh Khopkar signed the regulatory filing, ensuring transparency with stakeholders.

Crossing the 50-store mark represents a significant achievement in the company's growth journey and underscores its strong execution capabilities within the MMR market, supported by its integrated food processing operations and multi-brand portfolio including Indian Chaska, Patel Fresh, and Patel Essential.

Patel Retail Limited has successfully completed its scheduled interaction with analysts and institutional investors on March 18, 2026, following through on its earlier announcement. The company filed the outcome disclosure on March 19, 2026, under reference PRL/BSE&NSE/2025-2026/56, providing transparency about the completed meetings.

Meeting Execution and Participants

The company conducted one-on-one and group meetings with multiple investors as planned. The interactions included six distinct participants:

Original Meeting Schedule

The meetings were conducted as per the previously announced schedule:

Compliance and Information Sharing

Patel Retail Limited maintained strict regulatory compliance during the investor interactions. The company emphasized that management discussions were based exclusively on publicly available information, with no unpublished price sensitive information (UPSI) shared during any of the meetings.

The outcome disclosure was filed in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Prasad Ramesh Khopkar digitally signed the filing on March 19, 2026, at 22:05:39 IST.

Regulatory Framework and Transparency

This completed interaction demonstrates Patel Retail Limited's commitment to maintaining transparent communication with the investment community while adhering to regulatory guidelines. The company simultaneously informed both BSE (Scrip Code: 544487) and NSE (Symbol: PATELRMART) about the meeting outcomes, ensuring comprehensive market disclosure.