Mastek Limited announced that ICRA Limited has reaffirmed the credit ratings for the company’s bank facilities as of March 6, 2026. Long-term fund-based limits retained the [ICRA]AA- (Stable) rating, while short-term non-fund-based limits were reaffirmed at [ICRA]A1+. The total rated amount currently stands at ₹106.00 crore, a decrease from the previously rated amount of ₹191.90 crore.
Credit Rating Reaffirmation Announcement
Mastek Limited has officially disclosed that ICRA Limited, a credit rating agency, has completed a review, leading to the reaffirmation of the credit ratings assigned to the company’s various bank facilities. This communication was issued on March 6, 2026.
Summary of Reaffirmed Ratings
The following table summarizes the rating actions taken by ICRA on Mastek’s fund-based and non-fund-based limits:
| Instrument Type | Previous Rated Amount (₹ crore) | Current Rated Amount (₹ crore) | Rating Action |
|---|---|---|---|
| Long-term – Fund-based (Cash credit) | 50.00 | 50.00 | [ICRA]AA- (Stable); reaffirmed |
| Short-term – Non-fund based limits | 50.00 | 50.00 | [ICRA]A1+; reaffirmed |
| Long-term/short-term – Fund based/non-fund based | 6.00 | 6.00 | [ICRA]AA- (Stable)/[ICRA]A1+; reaffirmed |
| Long-term -Non-fund based facilities | 85.90 | – | – |
| Total | 191.90 | 106.00 |
The total outstanding rated exposure has been revised to ₹106.00 crore from the previous aggregate of ₹191.90 crore.
Accessing Rationale Details
The detailed rationale report supporting these rating decisions is accessible on ICRA’s official website. Furthermore, Mastek confirmed that this same information has been published and is available on the company’s corporate website, www.mastek.com.
Source: BSE
