Exicom Tele-Systems Limited has informed the Exchange about Credit Rating
EXICOM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has reviewed Exicom Tele-Systems' credit ratings for bank facilities aggregating to ₹403.70 crore, based on FY25 audited and Q1FY26 unaudited results. The long-term rating is reaffirmed at CARE BBB but with a Negative outlook, signaling potential credit pressure. A new long-term term loan facility of ₹183.70 crore (SBI ₹107.20 cr + RBL Bank ₹76.50 cr) was freshly assigned the same CARE BBB; Negative rating. Some existing facilities were reaffirmed at reduced amounts (₹55 cr down from ₹58 cr, and ₹60 cr down from ₹70 cr), while short-term limits were enhanced from ₹92 cr to ₹105 cr with CARE A3 rating. The company stated it is committed to measures to strengthen its financial position.
The Negative outlook on the BBB rating is a warning signal that the rating could be downgraded if financial performance doesn't improve, which may raise future borrowing costs. Investors should watch upcoming quarterly results closely for signs of recovery in the credit profile.