Trident Limited has received an update from CRISIL Ratings Limited regarding its credit rating. Following an earlier affirmation on August 25, 2025, CRISIL has issued a Credit Bulletin to detail bank-wise facility information in line with RBI requirements. This update provides crucial clarity for stakeholders on the company’s financial structure and creditworthiness.
CRISIL Reaffirms Credit Rating for Trident Limited
Trident Limited has announced an update concerning its credit rating as reaffirmed by CRISIL Ratings Limited. This communication serves as a follow-up to the company’s previous letter dated August 25, 2025, where the credit rating(s) were initially confirmed. The latest disclosure is prompted by CRISIL issuing a Credit Bulletin specifically to update the bank-wise facility details, aligning with requirements from the Reserve Bank of India (RBI).
Key Details of the Update
The Credit Bulletin issued by CRISIL provides an updated view of Trident Limited’s financial facilities. A copy of this bulletin has been enclosed with the announcement for stakeholders’ reference. Investors can access detailed rating information, including the specific rationale, on the website of CRISIL. Furthermore, the company also makes this information available on its own website, www.tridentindia.com, under the Investor Relations section, specifically within the Financial Reports → Credit Ratings category.
Bank Facility Details
The updated annexure details the company’s various bank lenders and their respective facilities. For the ‘Electronic Vendor financing scheme’, the amount is ₹500 crore with State Bank of India, rated Crisil A1+. Long Term Loans from various banks like Union Bank of India, ICICI Bank, Indusind Bank, Punjab National Bank, State Bank of India, Bank of Baroda, HDFC Bank, and Indian Bank total ₹865 crore, with ratings of Crisil AA/Stable. Proposed Fund-Based Bank Limits stand at ₹1012.5 crore, with a rating of Crisil AA/Stable. Short Term Loans from multiple banks including HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda, Exim Bank, The Hongkong and Shanghai Banking Corporation Limited, and IDFC FIRST Bank Limited aggregate ₹1757.5 crore, all rated Crisil A1+.
Source: BSE
