Havells India credit ratings reaffirmed by CARE

Havells India (BSE:HAVELLS) announced today that CARE Ratings has reaffirmed its credit ratings for various facilities and instruments. The ratings were reaffirmed following a review of the company's operational and financial performance for the fiscal year 2025. CARE reaffirmed the 'CARE AAA; Stable' rating for long-term bank facilities, reducing the amount rated from INR 500.00 crore to INR 100.00 crore. The 'CARE A1+' rating was reaffirmed for short-term bank facilities, increasing the amount rated from INR 797.50 crore to INR 1,197.50 crore. CARE A1+ was reaffirmed for the INR 500.00 crore commercial paper issue. The rating agency indicated that it reserves the right to conduct periodic reviews and may revise ratings based on new information or events.