Popular Vehicles and Services Limited has informed the Exchange about Credit Rating- Others
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Popular Vehicles and Services Limited has informed the exchange that CRISIL Ratings has extended the credit ratings for its wholly owned subsidiary Popular Mega Motors (India) Private Limited. The long-term rating of CRISIL A/Stable and short-term rating of CRISIL A1 have been extended and will remain valid till 31st March, 2027. The total bank loan facilities rated stands at ₹235.55 crore across 20 facilities from various banks including Kotak Mahindra, SBI, ICICI, HDFC, and others. The ratings reflect a strong capacity for timely payment of obligations.
The ratings maintained at investment grade with stable outlook indicate the subsidiary's creditworthiness remains solid. This is a routine rating maintenance filing with no negative implications for shareholders.