P N Gadgil Jewellers Limited has expanded its retail footprint with the opening of a new store in Navi Mumbai on March 07, 2026. The jewellery retailer informed stock exchanges about this strategic expansion as part of its ongoing growth initiatives.

Store Opening Details

The new outlet was inaugurated at Chhatrapati Shivaji Maharaj Chowk, Vashi-Turbhe Road, Navi Mumbai, Maharashtra - 400703, at 07:00 P.M. on March 07, 2026. The store operates under the company's Franchise Owned, Company Operated (FOCO) business model, which allows for strategic partnerships while maintaining operational control.

Network Expansion

With this latest addition, P N Gadgil Jewellers' total store count has reached 69 outlets. This expansion demonstrates the company's commitment to strengthening its presence in key markets across India. The FOCO model enables the jewellery retailer to leverage local partnerships while maintaining consistent brand standards and operational excellence.

Regulatory Compliance

The company notified both BSE Limited and National Stock Exchange of India Limited about the store opening in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Prakhar Gupta signed the official communication to the stock exchanges.

Company Overview

P N Gadgil Jewellers Limited, formerly known as P N Gadgil Jewellers Pvt. Ltd., operates from its registered office at PNG House, 694, Narayan Peth, Kunte Chowk, Laxmi Road, Pune - 411030, Maharashtra. The company has established itself as a prominent jewellery retailer with operations spanning India and the USA, maintaining its commitment to quality and customer service across all locations.

P N Gadgil Jewellers Limited has received a credit rating upgrade from India Ratings & Research, marking a positive development for the jewelry retailer. The company announced this development through a regulatory filing dated March 06, 2026, in compliance with SEBI listing obligations.

Credit Rating Details

India Ratings & Research has taken rating actions on the company's bank loan facilities worth INR 1,000 million. The rating agency has upgraded the long-term rating while affirming the short-term rating, demonstrating confidence in the company's financial stability.

Regulatory Compliance

The company has duly informed both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) about this rating action. The communication was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company Information

P N Gadgil Jewellers Limited, formerly known as P N Gadgil Jewellers Pvt. Ltd., operates from its registered office at PNG House, Pune, Maharashtra. The company has established itself as a prominent player in the jewelry retail sector and maintains operations across India and the USA.

The rating upgrade reflects the company's strengthened financial position and improved creditworthiness, which could potentially enhance its access to credit facilities and reduce borrowing costs in the future.