Disclosure of credit rating assigned by CRISIL Rating Limited.
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Praruh Technologies has disclosed credit ratings assigned by CRISIL Ratings Limited to four bank facilities availed from HDFC Bank, totaling around Rs 38 crore. The ratings assigned are Crisil A4+ on a Rs 20.5 crore Bank Guarantee, Crisil BB+/Stable on a Rs 10 crore Overdraft Facility, Crisil A4+ on a Rs 4 crore Purchase Bill Discounting facility, and Crisil A4+ on a Rs 3.5 crore Term Loan. Both BB+ (long-term) and A4+ (short-term) are in the speculative/non-investment grade category. The rating letter was issued on 18 December 2025 and received by the company on 22 December 2025.
The assigned ratings fall in the non-investment grade (junk) category, indicating moderate-to-high credit risk and could lead to higher borrowing costs. For shareholders, this signals weaker financial health and may be viewed negatively by the market, potentially affecting stock sentiment and future fundraising ability.