Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Credit Rating
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Infomerics Valuation and Rating Ltd has reaffirmed Super Iron Foundry's credit ratings with no change. The long-term bank facility rating stays at IVR BBB-/Stable, though the amount was reduced from Rs. 13.50 crore to Rs. 4.80 crore. The short-term bank facility rating remains IVR A3, with the amount enhanced from Rs. 101.95 crore to Rs. 110.65 crore (including a new proposed limit of Rs. 2.35 crore). The earlier FCTL/GECL long-term facility rating has been withdrawn since the company has no outstanding dues to that lender. Total rated facilities stand at Rs. 115.45 crore, and the rating is valid until December 15, 2026.
Ratings being reaffirmed indicates the credit profile is stable with no deterioration in the lender's view. Shareholders should note the company has trimmed long-term debt while expanding short-term working capital, suggesting active liability management rather than any stress.