Pursuant to Regulation 30 of SEBI LODR Regulations, 2015, we hereby submit the Credit rating report received from "Infomerics Valuation and Rating Limited."
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Zeal Aqua Limited has received its first credit rating from Infomerics Valuation and Rating Limited for bank facilities totaling Rs. 200 crore. Long-term facilities of Rs. 168.23 crore have been assigned IVR BBB-/Positive (Triple B Minus with Positive Outlook), and short-term facilities of Rs. 31.77 crore have been assigned IVR A3 (A Three). The rated facilities include term loans, cash credit, GECL (emergency credit), bank guarantees, and PCFC from banks like Punjab National Bank, Indian Bank, Bank of India, and Axis Bank. Of the total Rs. 200 crore, about Rs. 43 crore comprises proposed (new) facilities. The ratings are valid until July 11, 2026, and will be under annual review.
This is a fresh rating assignment (not an upgrade or downgrade), giving investors a baseline to gauge the company's creditworthiness. BBB- is at the lower edge of investment grade with moderate credit risk, but the Positive Outlook signals Infomerics sees room for improvement. For shareholders, this formalizes the company's borrowing profile and supports access to bank funding going forward.