Bhageria Industries: CARE reaffirms credit ratings for bank facilities

Bhageria Industries Limited announced that CARE Ratings Limited has reaffirmed its credit ratings for the company's long-term and short-term bank facilities. The rating remains at "CARE A; Stable / CARE A1" (Single A; Outlook: Stable / A One).

The total rated facilities amount to INR 91.00 crore. This includes INR 90.00 crore for existing fund-based limits and INR 1.00 crore for a proposed fund-based facility. The existing facilities are split among Yes Bank Ltd. (INR 45.00 crore), Axis Bank Ltd. (INR 30.00 crore), and Kotak Mahindra Bank Ltd. (INR 15.00 crore), all designated as revolving facilities.

This reaffirmation follows a review of recent developments, including the operational and financial performance of Bhageria Industries for the fiscal year 2025 (audited) and the first quarter of fiscal year 2026 (unaudited). The consistent rating indicates a stable outlook for the company's financial obligations.