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.

P N Gadgil Jewellers Limited has expanded its retail footprint with the inauguration of a new store at Prozone Mall in Chhatrapati Sambhajinagar, Maharashtra. The jewellery retailer opened its latest outlet on February 28, 2026, at around 05:30 P.M., as announced to the stock exchanges.

Store Opening Details

The new store is strategically located at Prozone Mall, Chikalthana, MIDC, Chhatrapati Sambhajinagar, Maharashtra - 431006. This expansion represents the company's continued commitment to strengthening its presence across key markets in Maharashtra.

Retail Network Expansion

With the addition of this new outlet, P N Gadgil Jewellers' total store count has increased to 68 stores. This expansion demonstrates the company's ongoing retail growth strategy and its focus on enhancing customer accessibility across different regions.

Regulatory Compliance

The company has duly informed both BSE Limited and National Stock Exchange of India Limited about this store opening in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was signed by Prakhar Gupta, Company Secretary & Compliance Officer, ensuring proper disclosure to stakeholders and regulatory authorities.