| Sr. No. | Facility / Instrument | Nature | CRISIL Ratings | CARE Ratings |
| 1 | Bank Credit Facilities
(Term Loans / Cash Credit)
| Long Term | CRISIL A-/Positive | CARE A/Stable |
| 2 | Bank Credit Facilities
(Term Loans / Cash Credit)
| Short Term | CRISIL A1 | - |
| 3 | Non-Convertible Debenture | Long Term | CRISIL A-/Positive | CARE A/Stable |
Note: Ratings by CRA’s are subject to regular revision. Kindly refer the websites of CRA’s for more details.
Revision during the year:
- India Rating & Research has affirmed and withdrawn bank loan rating (IND A-/Stable) of the company w.e.f. May 19,2023
- Care Ratings Limited has upgraded the credit rating of Non- Convertible Debenture of Rs 30 Cr & Long Term Bank Facilities of Rs 500 Cr. from CARE A-/Stable to CARE A/Stable w.e.f. October 2, 2023
- Care Ratings Limited has enhanced the credit rating amount for Long Term Bank facilities from Rs.500 Cr to Rs.1,000 Cr and re-affirmed the credit rating of Non-Convertible Debenture of Rs. 30 Cr & Long Term Bank facilities w.e.f. December 28, 2023
