SUBROS LIMITED announced that ICRA Limited has taken definitive rating actions across various banking facilities totaling ₹305.00 crore as of March 27, 2026. A new rating of [ICRA]AA (Stable) was assigned for the Long Term / Fund based – Term Loan of ₹40.00 crore. Furthermore, the existing ratings for several short-term and long-term facilities, including Cash Credit and various limits, were reaffirmed.
Credit Rating Review Announced
SUBROS LIMITED has disclosed the outcomes of the recent rating review conducted by ICRA Limited for its outstanding bank facilities, as per the regulatory disclosure dated March 27, 2026. The total bank facilities covered under this review increased from ₹265.00 crore previously to a new total of ₹305.00 crore.
Key Rating Actions Summary
The rating actions show a mix of new assignments and reaffirmations across the company’s debt instruments:
- The Long Term / Fund based – Term Loan, amounting to ₹40.00 crore, received a new rating of [ICRA]AA (Stable), which has been assigned.
- The Short Term – Non Fund Based facilities of ₹50.00 crore were reaffirmed at [ICRA]A1+.
- Ratings for Long Term / Short Term – Fund based Cash Credit (₹80.00 crore) and Fund Based / Non Fund Based facilities (₹100.00 crore) were reaffirmed at [ICRA]AA(Stable)/[ICRA]A1+.
- Unallocated Limits, totaling ₹35.00 crore, were also reaffirmed at [ICRA]AA(Stable)/[ICRA]A1+.
Detailed Breakdown of Facilities
The review detailed the status across different tenure and type facilities:
| Instrument | Previous Rated Amount (₹ crore) | Current Rated Amount (₹ crore) | Rating Action |
|---|---|---|---|
| Long Term / Fund based – Term Loan | 00.00 | 40.00 | [ICRA]AA (Stable); assigned |
| Short Term – Non Fund Based | 50.00 | 50.00 | [ICRA]A1+; reaffirmed |
| Long Term / Short Term – Fund based Cash Credit | 80.00 | 80.00 | [ICRA]AA(Stable)/[ICRA]A1+; reaffirmed |
| Long Term / Short Term – Fund Based / Non Fund Based | 100.00 | 100.00 | [ICRA]AA (Stable)/ [ICRA]A1+; reaffirmed |
| Long Term / Short Term – Unallocated | 35.00 | 35.00 | [ICRA]AA(Stable)/[ICRA]A1+; reaffirmed |
| Total Bank Facilities | 265.00 | 305.00 |
Management has confirmed that this information will also be made publicly available on the company’s official website for stakeholders and investors.
Source: BSE
