Disclosure of Credit Rating of the Company pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CRISIL Ratings has reaffirmed Sayaji Hotels (Indore) Ltd's long-term credit rating at 'BBB/Stable' for its bank facilities. Total bank loan facilities rated have been enhanced from Rs. 125 Crore to Rs. 176 Crore. The rated facilities include an Overdraft Facility of Rs. 15 Crore from Axis Bank, a Proposed Long Term Bank Loan Facility of Rs. 36 Crore, and a Term Loan of Rs. 125 Crore from Union Bank of India. The rating letter is valid till March 31, 2027.
The reaffirmed BBB/Stable rating indicates the company maintains adequate capacity to meet its financial commitments with low credit risk. The 41% increase in rated bank facilities (from Rs. 125 Cr to Rs. 176 Cr) signals expanded access to credit, possibly to fund growth or expansion plans, which is a positive signal for shareholders.