Laxmi India Finance Limited has informed the Exchange about Credit Rating
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Acuité Ratings & Research has re-affirmed its A- (A minus) rating with a Positive outlook on Laxmi India Finance's existing bank loans of Rs. 1,126.86 crore. Additionally, new bank loan facilities of Rs. 450 crore have been assigned the same A-/Positive rating, taking the total rated bank loan quantum to Rs. 1,576.86 crore across dozens of lenders including SBI, Bank of Baroda, Canara Bank, IDFC First Bank, and others. The company's Non-Convertible Debentures (NCDs) across three separate instruments totaling Rs. 80 crore (Rs. 40 Cr + Rs. 25 Cr + Rs. 15 Cr) have also been re-affirmed at A-/Positive. The rating action was taken on March 9, 2026, and the letter is valid until March 8, 2027. The Positive outlook signals that the agency sees room for a possible upgrade if current performance trends continue.
This is a neutral-to-positive development for shareholders — the credit rating has been maintained at investment grade with a positive outlook, reflecting sustained lender confidence and financial stability. The assignment of ratings to new Rs. 450 crore in bank loan facilities indicates the company continues to successfully raise fresh debt from a wide base of public and private sector lenders, supporting its growth and lending operations.