Credit Rating

Rating Agency
Instrument
Rating
Document
CARE Ratings Limited dated June 23, 2025
Non-Convertible Bonds
CARE A; Outlook: Stable
CARE Ratings Limited dated June 23, 2025
Long-term / Short-term bank facilities
CARE A; Outlook: Stable / CARE A1
CARE Ratings Limited
Non-Convertible Bonds
CARE BBB+; Stable/CARE (Triple B Plus); Outlook: Stable

dated March 27, 2025 (after CARE Ratings Limited)
CARE Ratings Limited
Long-term / Short-term bank facilities
CARE BBB+; Stable/ CARE (Triple B Plus); Outlook: Stable/ CARE A2

dated March 27, 2025 (after CARE Ratings Limited)
Infomerics Valuation and Rating Private Limited (IVR)
Non-Convertible Debentures (NCDs)
IVR BBB-/Stable Outlook (IVR Triple B Minus with Stable Outlook)