Announcement under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015 - Credit Rating Agency has assigned the Credit Rating of the Company
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CARE Ratings Limited has assigned a credit rating of 'CARE BBB-; Stable' to the company's Long Term Bank Facilities of ₹50 crore (term loan from HDFC Bank, repayable over 5.5 years with 6-month moratorium). It has also assigned 'CARE BBB-; Stable / CARE A3' to Long Term/Short Term Bank Facilities of ₹47 crore, comprising cash credit lines from Bandhan Bank (₹25 crore) and HDFC Bank (₹22 crore). The rating action for all facilities is 'Assigned', meaning this is the first formal rating. The total bank facilities rated amount to ₹97 crore. Notably, Bandhan Bank has replaced ICICI Bank for the ₹25 crore cash credit facility compared to the earlier September 2025 rating communication, suggesting a change in the lender mix. BBB- with Stable outlook is a lower investment-grade rating, indicating moderate creditworthiness.
A formal investment-grade rating (BBB-/Stable) from CARE should make it easier for Solarium Green Energy to raise bank funding at competitive rates and signals moderate but acceptable credit quality to lenders. Shareholders can view this as a positive step towards formalizing the company's credit profile, though the rating sits at the lower end of the investment-grade band.