Entertainment Network (India) Limited has informed the Exchange about Credit Rating
ENIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CRISIL has continued its existing credit ratings on Entertainment Network (India) Ltd's (ENIL) bank facilities and debt instruments on 'Rating Watch with Developing Implications.' The ratings remain unchanged: AA+ for long-term bank facilities (Rs 150 crore) and non-convertible debentures (Rs 50 crore), and A1+ for short-term facilities and commercial paper (Rs 200 crore). The watch status was originally placed in October 2025 because ENIL's parent BCCL announced a proposed demerger of its non-publishing business into Times Horizon Pvt Ltd (THPL), which would make THPL ENIL's new parent pending NCLT approval. The company's financial profile remains strong with no debt and cash of Rs 345 crore as of September 2025, though profits dropped sharply to Rs 12 crore in FY25 from Rs 33 crore in FY24.
The rating itself has not been changed, but the continued 'Watch with Developing Implications' signals uncertainty about ENIL's credit outlook until the parent restructuring concludes. Shareholders should expect no immediate rating-driven stock movement, but the eventual resolution of the demerger could trigger a rating revision either way.