Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Credit Rating
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Kings Infra Ventures has received a credit rating communication from CRISIL Ratings, dated April 6, 2026. Its total bank loan facilities have been enhanced from Rs. 50 crore to Rs. 70 crore, with long-term rating reaffirmed at CRISIL BB/Stable and short-term rating reaffirmed at CRISIL A4+. The company also has Rs. 25 crore of new Non-Convertible Debentures assigned a CRISIL BB/Stable rating, while existing NCDs of Rs. 12.5 crore, Rs. 11.1 crore, and Rs. 10 crore have all been reaffirmed at CRISIL BB/Stable. CRISIL BB indicates 'moderate risk of default,' meaning the rating is in the speculative (non-investment) grade category. All existing ratings have been maintained with a Stable outlook, suggesting CRISIL sees no change in the company's credit profile.
The re-affirmation of ratings with a Stable outlook is broadly neutral, signalling that CRISIL views the company's credit quality as unchanged. However, the BB rating places the company in the speculative grade, so borrowing costs remain relatively high. The Rs. 20 crore increase in bank facility limits and new Rs. 25 crore NCD rating give the company additional headroom to raise debt for growth.