Pursuant to Regulation 30 of SEBI Listing Regulations, 2015, please find enclosed the intimation of credit rating received from the rating agency "CRISIL Ratings Ltd".
BAJAJST · price
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Bajaj Steel Industries has received a credit rating review from CRISIL Ratings on its banking facilities. The total bank loan facilities rated stand at Rs. 194 crore, with the long-term rating reaffirmed at CRISIL A/Stable and the short-term rating reaffirmed at CRISIL A1. Facilities include bank guarantees (Rs. 100 crore), cash credit (Rs. 30 crore), long-term loans (Rs. 25 crore), and non-fund-based limits (Rs. 39 crore), primarily from HDFC Bank and Exim Bank. This is a routine surveillance review and the outlook remains Stable.
No material impact on shareholders — the ratings have been maintained at the same level, signalling continued confidence in the company's ability to service its debt. The Stable outlook suggests no immediate concerns from the rating agency's perspective.