Intimation under Regulation 30 SEBI Listing Regulations, 2015 about the revision in the credit ratings
LAHOTIOV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
ICRA has reviewed Lahoti Overseas Ltd's credit ratings and reaffirmed both the short-term rating at [ICRA]A3+ and the long-term/short-term rating at [ICRA]BBB (Stable)/[ICRA]A3+. The cash credit facility rating now covers an enhanced amount, with the total rated bank limits at Rs. 124.20 crore spread across DBS Bank, YES Bank, HDFC Bank, Federal Bank, Shinhan Bank, and ICICI Bank. The ratings remain unchanged from previous levels, while the rated credit facility size has been expanded. This indicates stable creditworthiness and continued lender confidence in the company.
Neutral to mildly positive for shareholders — the ratings are maintained and the credit limit is being enhanced, suggesting banks are comfortable increasing exposure to the company. No negative rating action has been taken.