Raymond Limited has informed the Exchange regarding 'Pursuant to Regulation 30 read with Schedule III of Listing Regulations, this is to inform that CARE Ratings Limited has issued Credit Rating letter(s) dated December 31, 2025 for various credit facilities availed by JK Maini Precision Technology Limited and JK Maini Global Aerospace Limited, subsidiaries of the Company. '.
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Awaiting price reaction for this filing.
Raymond Limited informed the exchange that CARE Ratings has assigned initial credit ratings to bank facilities of its two subsidiaries. JK Maini Precision Technology Limited received CARE A+/Stable (long-term) and CARE A1+ (short-term) on total facilities of ₹950 crore, including ₹500 crore in term loans from Bank of Maharashtra, Axis Bank, IDFC First Bank, and HDFC Bank. JK Maini Global Aerospace Limited received CARE A/Stable (long-term) and CARE A1 (short-term) on total facilities of ₹500 crore, including ₹265 crore in term loans from Axis Bank and IDFC First Bank. The rating action in both cases is 'Assigned', indicating first-time ratings for these facilities, with some portions marked as 'Proposed'. Both outlooks are Stable, suggesting the agencies see low near-term credit risk.
This is a positive disclosure for Raymond shareholders as it confirms that two of its subsidiaries have secured strong investment-grade credit ratings (A+ and A) to support their borrowing plans, improving their access to bank funding at competitive rates. The 'Assigned' (not upgraded/downgraded) nature means there is no rating change event to react to, but it does signal that the subsidiaries are formalizing new credit lines which could support growth or refinancing.