CRISIL has reaffirmed its CRISIL AA-/Positive credit rating for the bank facilities of Sidwal Refrigeration Industries Private Limited, a material subsidiary of Amber Enterprises India Limited. The rating applies to total bank loan facilities rated at Rs. 245 Crore. The reaffirmation follows a review and removal from ‘Rating Watch with Developing Implications’.
Credit Rating Reaffirmed
Amber Enterprises India announced that CRISIL Ratings has reaffirmed the CRISIL AA-/Positive rating on the bank facilities of its material subsidiary, Sidwal Refrigeration Industries Private Limited, on November 21, 2025.
Key Highlights of the Rating
The credit rating applies to Sidwal’s total bank loan facilities, which are valued at Rs. 245 Crore. The reaffirmation follows CRISIL’s review and the removal of the rating from ‘Rating Watch with Developing Implications’. The long-term rating is Crisil AA-/Positive.
Breakdown of Bank Facilities
The Rs. 245 Crore bank facilities are divided between two banks:
- YES Bank Limited: Rs. 135 Crore – Crisil AA-/Positive
- HDFC Bank Limited: Rs. 110 Crore – Crisil AA-/Positive
Source: BSE