Credit Rating of Material Subsidiary Company.
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Suraj Industries Ltd informed BSE that Infomerics Valuation and Rating Ltd. has assigned a fresh credit rating of IVR BBB-/Stable (Triple B Minus with Stable Outlook) to its material subsidiary, Carya Chemicals & Fertilizers Private Limited. The rating covers long-term bank facilities worth Rs. 186.89 crore in total, comprising a Rs. 172.50 crore term loan from UCO Bank maturing in 2033 and a Rs. 14.39 crore cash credit facility. This is a first-time rating assignment (not an upgrade or downgrade of a prior rating), valid for one year from September 22, 2025. BBB- is the lowest investment grade on Infomerics' scale, indicating moderate credit risk with a stable outlook.
No direct impact on Suraj Industries shareholders — this is a routine disclosure of a first-time rating assigned to the subsidiary's existing bank borrowings. Investors may note that the subsidiary's debt is rated at the lower end of investment grade, suggesting moderate but not strong creditworthiness.