Senco Gold Limited has received updated credit ratings from CARE Edge Ratings for its various financial instruments. The agency reaffirmed the rating for Short Term Bank Facilities at Care A1. Crucially, the ratings for Fixed Deposits (aggregating ₹495.00 crore) and Long Term Bank Facilities were assigned at Care A+; Stable. This disclosure was made on March 25, 2026, in compliance with disclosure requirements.
Credit Rating Update for Senco Gold
Senco Gold Limited announced on March 25, 2026, that CARE Ratings Limited (“CARE Edge Ratings”) has completed the review of its credit ratings across multiple facilities. This action was taken pursuant to applicable regulations governing listed entities.
Rating Outcomes Summary
The Rating Committee assigned or reaffirmed ratings across Fixed Deposits and various Bank Facilities. The following table summarizes the key outcomes:
- Fixed Deposit Programme: Rated at Care A+; Stable and Assigned for an amount of ₹495.00 crore (tenure 6 to 18 months).
- Long Term Bank Facilities: Rated at Care A+; Stable and Assigned, covering ₹2,232.50 crore.
- Long Term / Short Term Bank Facilities: Rated at Care A+; Stable / Care A1 and Assigned, covering ₹717.50 crore.
- Short Term Bank Facilities: The existing rating was Reaffirmed at Care A1 for ₹50.00 crore.
Details of Bank Facilities Ratings
Long Term Facilities (Fund-based Limits)
The total sanctioned long-term fund-based limits reviewed amounted to ₹2,232.50 crore, involving major lenders such as State Bank of India, Kotak Mahindra Bank, and ICICI Bank. A Proposed limit of ₹647.10 crore under this category was noted as Yet to be sanctioned.
Long Term / Short Term Facilities (Fund-based Limits)
These facilities, totaling ₹717.50 crore, include limits with Qatar National Bank, Yes Bank, and IDFC First Bank. A portion was marked for Working Capital Limits.
Short Term Facilities (Fund-based Limits)
The short-term segment totaled ₹50.00 crore, which included a Proposed sub-limit of ₹50.00 crore that is Yet to be sanctioned.
The collective total value of all rated facilities is ₹3,000.00 crore. The official credit rating letter dated March 24, 2026, confirming these actions, has been enclosed with the filing.
Source: BSE
