With reference to the query received from BSE dated June 10, 2025 and our previous intimation dated June 09, 2025, this is to inform that the credit ratings so received on email dated June ....
BAJAJST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bajaj Steel Industries has informed BSE that CRISIL has reaffirmed its credit ratings on the company's total bank loan facilities of Rs. 194 Crore. The long-term rating stands at CRISIL A/Stable and the short-term rating at CRISIL A1, both reaffirmed. The facilities include bank guarantees, cash credit, long-term loans from HDFC Bank and Exim Bank. The filing was made after a delay — CRISIL communicated the ratings on May 31, 2025, the company received them on June 2, 2025, but the stock exchange intimation was filed only on June 10, 2025, which the company attributed to inadvertent reasons.
No material impact on shareholders — the ratings have been unchanged (reaffirmed) and remain in the investment-grade category. The main concern is a delayed regulatory disclosure, which reflects weak compliance processes but does not affect the company's financial standing.