Submission of Credit Rating by M/s. CARE Ratings Limited (Credit Rating Agency) during their review has renewed and reaffirmed the existing rating of the Company through thier Press Release ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
CARE Ratings has renewed and reaffirmed TGV Sraac's existing credit ratings across all three bank facility categories via a press release dated January 8, 2026. The long-term bank facilities rating of 'CARE A; Stable' (Single A; Stable) was reaffirmed on a reduced amount of Rs. 77.47 crore (down from Rs. 111.96 crore). The combined long-term/short-term facilities rating of 'CARE A; Stable / CARE A1' was reaffirmed on an enhanced amount of Rs. 528.55 crore (up from Rs. 382.18 crore). Short-term bank facilities of Rs. 15.95 crore (up from Rs. 5.21 crore) were also reaffirmed at 'CARE A1'. Overall total bank facilities stand at about Rs. 622 crore, up from roughly Rs. 499 crore previously, indicating expanded credit limits.
Stable reaffirmation of investment-grade ratings (Single A and A1) signals continued lender confidence and healthy credit profile for shareholders. The increase in total sanctioned limits, especially the sharp jump in long-term/short-term and short-term facilities, suggests the company has secured more working capital headroom, which is mildly positive for operational flexibility.