SBFC Finance Limited received credit ratings from ICRA Limited for instruments totaling ₹600 Crore. Commercial Paper was assigned '[ICRA]A1+' and Non-Convertible Debentures were assigned '[ICRA]AA-; Stable'. These ratings reflect the company's creditworthiness and stable outlook for its debt obligations.
Viyash Scientific Limited received a credit rating upgrade from India Ratings and Research. The long-term rating for INR 35 Crore bank facilities improved to 'IND AA-' with a Stable outlook from 'IND A', while the short-term rating was upgraded to 'IND A1+' from 'IND A1'.
Avenue Supermarts Limited informed that ICRA Limited has reaffirmed the [ICRA] A1+ rating for its enhanced Commercial Paper limit of ₹800 Crore (up from ₹500 Crore). The rating reflects the company's strong credit profile and financial flexibility.
RPP Infra Projects Ltd announced that CRISIL has re-affirmed its 'Crisil BBB+/Stable' rating for long-term and 'Crisil A2' for short-term bank facilities totaling ₹557 Crore. The rating reflects the promoters' extensive industry experience and a healthy financial risk profile, despite lower-than-expected operating margins in Q3 FY26.
Aditya Infotech Ltd's subsidiary, AIL Dixon Technologies Private Limited, received credit ratings from CRISIL for ₹325 Crore in bank facilities. CRISIL assigned a 'Crisil A/Stable' rating for long-term facilities and 'Crisil A1' for short-term facilities, reflecting the entity's creditworthiness.
Anand Rathi Share and Stock Brokers Limited received new credit ratings from ICRA Limited for instruments totaling ₹100 Crore. Bank facilities were assigned [ICRA]A+ (Stable)/[ICRA]A1+ and commercial paper was assigned [ICRA]A1+. These investment-grade ratings reflect the company's established market position, comfortable capitalisation following its recent IPO, and adequate profitability trajectory.
Capital Infra Trust received a reaffirmation of its 'CARE AAA' issuer rating with a stable outlook from CARE Ratings Limited. This top-tier rating reflects the trust's strong credit profile and high degree of safety regarding timely servicing of financial obligations.
Lyka Labs Limited announced that India Ratings & Research Pvt. Ltd. has affirmed its credit rating for ₹33.28 Crore (INR 332.8 million) in bank facilities. The long-term rating is IND BBB+/Stable and the short-term rating is IND A2.
Incredible Industries Limited announced that Infomerics Valuation and Rating Private Limited has withdrawn its credit ratings for the company's ₹45.00 Crore bank facilities. The withdrawal, effective April 30, 2026, was conducted at the company's request following the receipt of No Objection Certificates from its lenders.
IndiGrid Infrastructure Trust announced the reaffirmation of its 'AAA' credit ratings with a stable outlook from ICRA, CRISIL, and India Ratings for various debt instruments. The ratings cover NCDs, term loans, and bank facilities, reflecting a high degree of safety regarding timely servicing of financial obligations and the lowest credit risk for the trust's debt exposures.
Hindustan Copper Limited received reaffirmed credit ratings from ICRA Ltd for its Rs. 2200 Crore debt facilities. The Long-term rating is [ICRA]AA+ (Stable) and the Short-term rating is [ICRA]A1+. These ratings reflect the company's strong credit profile and financial stability.
MMP Industries Limited received updated credit ratings from CRISIL for its enhanced ₹135 Crore bank facilities. Long-term rating is 'CRISIL BBB+/Stable' and short-term is 'CRISIL A2', reflecting an established market position and healthy financial risk profile. The rating migration follows the management's subsequent sharing of necessary information for review.
Savera Industries Ltd received updated credit ratings from CRISIL for its ₹14.25 Crore bank facilities. The agency assigned a 'CRISIL BBB/Stable' rating for long-term facilities and 'CRISIL A3+' for short-term facilities, reflecting the company's creditworthiness.
India Ratings & Research (Ind-Ra) has upgraded Kellton Tech Solutions Limited's long-term issuer rating to 'IND A-' with a Stable Outlook. The upgrade reflects the company's sustained operational momentum, improved profitability, and strengthened balance sheet. This follows a recent similar rating action by ICRA, validating Kellton's consistent financial discipline and growth in AI-led digital services.
Welspun Enterprises Limited received fresh credit ratings from ICRA Limited for bank facilities totalling ₹400 Crore. Long-term facilities were assigned [ICRA]AA (Stable), while short-term facilities received [ICRA]A1+, reflecting a strong credit profile.
Indus Infra Trust received a credit rating reaffirmation from CARE Ratings Limited. The rating for its ₹7,901.52 Crore long-term bank facilities is maintained at 'CARE AAA; Stable', reflecting the highest degree of safety regarding timely servicing of financial obligations.
Embassy Office Parks REIT received a credit rating reaffirmation from CARE Ratings Limited. The agency reaffirmed 'CARE AAA; Stable' for the REIT's issuer rating and NCDs, and 'CARE A1+' for its Commercial Papers, reflecting high safety and strong creditworthiness for the financial year 2025-26.
GSP Crop Science Limited has received a credit rating upgrade from ICRA Limited for its Rs. 516.16 Crore bank facilities. The long-term rating was upgraded to [ICRA]A+ (Stable) from [ICRA]A (Stable), while the short-term rating improved to [ICRA]A1 from [ICRA]A2+. This upgrade reflects the company's improved creditworthiness and financial profile.
Repro India Limited received credit rating updates from ICRA for its ₹170 Crore bank facilities. ICRA reaffirmed the long-term rating at [ICRA]BBB+ and the short-term rating at [ICRA]A2, while revising the outlook to Negative from Stable.
SBFC Finance Limited received a credit rating reaffirmation from CARE Ratings Limited. The 'CARE A1+' rating applies to the company's ₹200.00 Crore Commercial Paper issuance, reflecting stable creditworthiness for short-term debt obligations.
Sundram Fasteners Limited announced that CRISIL Ratings has re-affirmed its 'CRISIL A1+' credit rating for the company's short-term debt and commercial paper. This high-grade rating reflects strong creditworthiness and financial stability for its short-term obligations.
Mahindra Lifespace Developers Limited received credit rating updates from CRISIL. Ratings for INR 100 Crore bank limits were reaffirmed at 'CRISIL AA/Stable', while the 'CRISIL A1+' rating for INR 300 Crore Commercial Paper was withdrawn as there is no outstanding amount.
NLC India Limited has disclosed current and historical credit ratings for its non-convertible securities. Major agencies including ICRA, India Ratings, and CRISIL have reaffirmed 'AAA' ratings with a stable outlook for the company's various NCD series. This disclosure complies with SEBI's Chapter XIV operational circular for debt security listings.
Sumitomo Chemical India Limited announced that CRISIL Limited has reaffirmed its 'CRISIL AA/Stable' credit rating for the company's bank facilities. The rating applies to bank loan facilities totaling ₹200 Crore, reflecting sustained creditworthiness and stable financial outlook for the company.
CRISIL Ratings has reaffirmed Interarch Building Solutions Limited's credit ratings at 'Crisil A/Stable' for long-term and 'Crisil A1' for short-term facilities. The total rated bank loan facilities were enhanced to ₹600 Crore from ₹495 Crore. This reaffirmation reflects the company's stable credit profile and sustained financial health.
Interarch Building Solutions Limited announced that CRISIL Ratings has reaffirmed its 'CRISIL A/Stable' long-term and 'CRISIL A1' short-term ratings. The rated bank loan facilities were enhanced to ₹600 Crore from ₹495 Crore. This reaffirmation reflects the company's stable credit profile and maintained creditworthiness for its expanded bank limits.
Modi Naturals Limited received a credit rating upgrade from Infomerics Valuation and Ratings for its ₹65 Crore bank facilities. The long-term rating was upgraded to IVR BBB/Stable, and the short-term rating to IVR A3+. This upgrade reflects improved creditworthiness based on the company's FY25 and 9MFY26 performance.
Ola Electric Mobility Limited announced that ICRA has revised/reaffirmed credit ratings for its material subsidiaries. Ola Electric Technologies' long-term rating is [ICRA]BBB (Negative), while Ola Cell Technologies received [ICRA]BBB- (Negative) and [ICRA]A3 ratings. These actions reflect the credit profiles of its key manufacturing and cell technology divisions.
International Combustion (India) Limited announced that CRISIL has reaffirmed its ratings for ₹125 Crore bank facilities. The long-term rating is 'Crisil BBB/Negative' and the short-term rating is 'Crisil A3+'. The ratings are valid until March 31, 2027, maintaining the company's credit profile for its banking relationships.
Mantra Capital Limited received a 'CARE BB+; Stable' rating from CARE Ratings for ₹50 Crore in bank facilities and ₹25 Crore in proposed NCDs. The 'Assigned' rating action indicates a formal credit assessment of the company's debt obligations.
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