Hot Pursuit
PNGS Reva Diamond Jewellery Limited announced ratings actions from both CARE Ratings Limited and CARE Ratings Ltd. regarding its various debt instruments, with CARE Ratings Limited reaffirming the ratings for Long Term/ Short Term Bank Facilities at CARE BBB+; Positive / CARE A2, with an amount of 280.00, and reaffirming the rating for Long Term Bank Loan facilities at CARE A+, assigning an outlook of Stable with an amount of INR 50 crore; CARE Ratings Ltd. reaffirmed the ratings for Long-term / Short-term bank facilities at 280.00 crore, CARE BBB+; Positive / CARE A2, revising the outlook from Stable and enhancing it from 190.00, while also noting a cash and bank balance of 324.43 crore as of March 31, 2026, earmarked for expansion, and highlighting key rating monitorables including expansion of exclusive stores, sales ramp-up, and presence in a competitive industry, alongside initial and previous ratings for Fund-based/Non-fund-based-LT/ST at 280.00, CARE BBB+; Positive / CARE A2 and CARE BBB+; Stable / CARE A2 respectively, with detailed reports available on the company website.