Sahyadri Industries Limited has informed the Exchange about Credit Rating
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ICRA has reaffirmed Sahyadri Industries' credit ratings on its bank facilities, keeping them unchanged. The long-term fund-based facilities, comprising cash credit of Rs. 185.03 crore and term loans of Rs. 120 crore, continue to carry a rating of [ICRA]A- with a Stable outlook. The short-term non-fund-based facilities of Rs. 10.27 crore have been reaffirmed at [ICRA]A2+. The total rated amount stands at Rs. 315.30 crore across lenders including HDFC Bank, ICICI Bank, YES Bank, and The Cosmos Co-operative Bank. The rating action was assigned on August 14, 2025, and communicated to the stock exchanges on August 21, 2025.
The reaffirmation of ratings with a Stable outlook signals that ICRA sees no change in the company's creditworthiness, which is neutral for shareholders and indicates steady financial health from the rating agency's perspective.