SAMHI Hotels Ltd. and its subsidiaries have received positive rating actions from ICRA as of March 31, 2026. The credit rating for the parent company’s Long Term Fund Based Term Loan was upgraded to [ICRA]A+ (Stable) from [ICRA]A (Positive). Similar upgrades were noted for subsidiaries, including SAMHI Hotels (Gurgaon) Private Limited and Caspia Hotels Private Limited, signaling improved creditworthiness across the group’s major financing instruments.
Credit Rating Upgrades Announced by SAMHI Hotels
SAMHI Hotels Ltd. announced on 31st March 2026 that the ICRA Rating Committee has taken favorable rating actions across its instruments and those of its key subsidiaries. These actions reflect an overall strengthening of the group’s financial position.
SAMHI Hotels Ltd. Rating Actions
The parent company saw significant positive movements. The Long Term – Fund Based – Term Loan, valued at ₹223.32 crores, was upgraded to [ICRA]A+ (Stable). The previous rating was [ICRA]A (Positive), meaning the outlook was revised to Stable from Positive. Short Term ratings for both Fund Based Others and Non-Fund Based Others also saw upgrades.
The total rated amount for SAMHI Hotels Ltd. aggregates to ₹229.00 crores.
Rating Actions for Subsidiaries
SAMHI Hotels (Gurgaon) Private Limited
The subsidiary witnessed similar positive trajectory. Its Long Term – Fund Based – Term Loan of ₹102.50 crores received the same upgrade: [ICRA]A+ (Stable). Short Term facilities, including Overdraft (₹16.00 crores) and Bank Guarantee (₹09.00 crores), were upgraded to [ICRA]A1. The total rated amount for this entity is ₹127.50 crores.
Ascent Hotels Private Limited
Ascent Hotels Private Limited also received positive rating action on its Long Term – Fund Based – Term Loan amounting to ₹227.00 crores, upgrading it to [ICRA]A+ (Stable). The Short Term Fund Based Facilities—Overdraft, valued at ₹15.00 crores, was upgraded to [ICRA]A1. The total rated exposure for Ascent is ₹242.00 crores.
Caspia Hotels Private Limited
The final subsidiary, Caspia Hotels Private Limited, had its Long Term – Fund Based – Term Loan of ₹164.60 crores upgraded to [ICRA]A+ (Stable). Its Short Term – Non-Fund Based facilities (Bank Guarantee) of ₹1.70 crores were upgraded to [ICRA]A1, bringing its total rated exposure to ₹166.30 crores.
Conclusion
Overall, the rating agency recognized improved credit profiles across the SAMHI Hotels Group, evidenced by the widespread upgrades to the [ICRA]A+ (Stable) category for long-term instruments and the [ICRA]A1 category for short-term facilities.
Source: BSE
