Intimation of Credit Rating under Regulation 30 (6) of the SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015) (''SEBI (LODR) Regulations'')
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ICRA has reaffirmed Shetron Ltd's long-term rating at [ICRA]BB+ and short-term rating at [ICRA]A4+ for total bank facilities of Rs. 100.91 crore. Importantly, the outlook on the long-term rating has been revised from Stable to Positive, indicating improving credit perception. The short-term facility of Rs. 49 crore was also assigned an enhanced amount, suggesting expanded credit lines from lenders such as SBI and ICICI Bank. Long-term fund-based facilities include a cash credit of Rs. 33.75 crore and term loans of Rs. 16.84 crore across SBI and ICICI Bank.
The outlook upgrade from Stable to Positive is a credit-positive signal, suggesting ICRA sees improving financial health and may consider a rating upgrade in the next review. This generally supports better borrowing terms, though the BB+ rating still places Shetron in the speculative grade (below investment grade).