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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Awaiting price reaction for this filing.
CARE Ratings Limited has assigned a credit rating of CARE BBB- (Stable) for Solarium Green Energy's long-term bank facilities of ₹50 crore, and CARE BBB- (Stable)/A3 for long-term/short-term bank facilities of ₹47 crore. This covers a total of ₹97 crore in bank facilities, including a ₹50 crore term loan from HDFC Bank with a 5.5-year tenure and equal instalment repayments starting January 2026, plus ₹47 crore in cash credit limits from HDFC Bank and Bandhan Bank. The rating reaffirms the initial assessment done in September 2025, placing the company at the lowest investment-grade tier.
Neutral to mildly positive — the BBB- rating confirms the company's ability to service its bank borrowings but is at the lower end of investment grade, so borrowing costs may be higher than stronger-rated peers. Shareholders should note the company is taking on fresh debt of ₹97 crore, which needs to be watched for repayment discipline.