With reference to our earlier Corporate Announcement dated 26/08/2025 and as per your communication received regarding to make fresh corporate announcement mentioning reasons for delay ....
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Awaiting price reaction for this filing.
Zeal Aqua Limited has disclosed that Infomerics Valuation and Rating Limited has assigned a credit rating to the company's bank facilities worth Rs. 200 crore in total. Long-term facilities of Rs. 168.23 crore received IVR BBB-/Positive (Triple B Minus with Positive Outlook), while short-term facilities of Rs. 31.77 crore received IVR A3. The rating action is an initial 'Assigned' rating, valid until July 11, 2026. The disclosure was delayed because the company was simultaneously dealing with an unsolicited rating report from CRISIL Ratings, which it has now discontinued in favor of Infomerics as its official rating agency. The facilities include existing term loans, cash credit, GECL, bank guarantees, and about Rs. 43 crore of proposed (yet-to-be-availed) facilities.
The BBB-/Positive rating indicates moderate credit quality with a positive outlook, suggesting the rating agency sees room for future improvement. For shareholders, this is a routine disclosure establishing the company's credit profile; the positive outlook is mildly favorable, while the delay in disclosure and the unusual situation of an unsolicited CRISIL rating may raise some governance questions worth monitoring.