CRISIL reaffirms P N Gadgil Jewellers’ A+/Stable rating as rated bank facilities rise to ₹600 crore
- Credit rating
- Jewellery
P N Gadgil Jewellers Limited has told the exchanges that CRISIL Ratings Limited has reaffirmed its long-term rating of Crisil A+/Stable on the company’s bank loan facilities, which have been enhanced to ₹600 crore from ₹400 crore. CRISIL has also reaffirmed Crisil A+/Stable on the company’s fixed deposits of ₹50 crore. The disclosure was made on 14 Oct 2026 under Regulation 30 of the SEBI listing rules.
The filing is a short letter. It gives the ratings and the amounts rated, and does not include the agency’s reasoning.
Inference
The rating and its stable outlook are unchanged, while the amount of bank facilities covered by the rating has grown by ₹200 crore. A reaffirmation means the agency has reviewed the company and kept its view.
The filing does not say whether the additional ₹200 crore of facilities has been drawn or what it is for.
Reference: Original filing (PDF)
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