Safari Industries (India) Limited has received a confirmation of its existing credit ratings from CRISIL Ratings Limited. The assessment covers the company’s total bank loan facilities amounting to Rs. 150 crore. The reaffirmation reflects the company’s sustained financial stability, maintaining a CRISIL AA-/Stable rating for long-term facilities and a CRISIL A1+ rating for short-term facilities, as of April 23, 2026.
Credit Rating Confirmation
Safari Industries (India) Limited has successfully maintained its creditworthiness, with CRISIL Ratings Limited confirming the ratings for its outstanding bank facilities. The ratings remain under continuous surveillance, ensuring that the company’s financial obligations continue to align with its high-standing AA- and A1+ grades.
Breakdown of Bank Facilities
The total rated bank loan facilities of Rs. 150 crore are distributed across multiple financial institutions to support the company’s operational requirements. The portfolio includes fund-based and non-fund-based facilities as follows:
- IndusInd Bank Limited: Rs. 25 crore (Fund-Based)
- HDFC Bank Limited: Rs. 33.6 crore (Fund-Based)
- Axis Bank Limited: Rs. 23.8 crore (Fund-Based)
- ICICI Bank Limited: Rs. 40.1 crore (Fund-Based)
- Axis Bank Limited: Rs. 27.5 crore (Non-Fund Based)
Outlook and Validity
The assigned ratings are valid until November 30, 2026, subject to ongoing reviews. The ‘Stable’ outlook on long-term ratings indicates the company’s consistent performance in meeting its debt obligations. These ratings provide Safari Industries with continued access to credit facilities on favorable terms, supporting its ongoing business operations and growth initiatives.
Source: BSE
